Fractional Yacht Ownership
The term fractional ownership originally became popular for business jets. Richard Santulli of NetJets pioneered the concept of allowing businesses to purchase shares in a jet to reduce costs. With a fractional jet plan, members will typically fly in any jet available, not necessarily the one in which they own shares. The management company will reposition jets as necessary and provide flight crews. Companies with greater needs purchase larger shares to get access to more time.
The fractional-ownership concept has since been extended to smaller aircraft and has now become common for single-engine piston aircraft like the Cirrus SR22, which are beyond the financial means of many private pilots. The same concepts apply, except that the management company may not provide flight crews nor reposition the aircraft.
Many pilots get together to buy light aircraft in a privately bought and managed fractional ownership, this is often known as group flying.
Fractional ownership has played a significant role in revitalizing the general aviation manufacturing industry since the late 1990s, and most manufacturers actively support fractional ownership programs.Wikepedia 2010
Luxury and Superyacht Yacht Fractional Ownership
Owning a Luxury or Superyacht is far from being a practical exercise, there is a high initial capital investment, ongoing annual costs and a depreciating asset that can remain unused for long periods of time.
The cost of outright ownership is high and the majority of owners rarely use their yacht facilities for long periods of time. It doesn’t make commercial sense to buy outright if your busy lifestyle dictates that you are involved in other time consuming business and leisure activities.
Fractional ownership reduces capital outlay and ongoing expense whilst giving the benefits of using the yacht as if it were 100% your own. Full management services alleviate the traditionally associated headaches- financial, maintenance and other issues. Fractional ownership offers lots of pluses with very few negatives.
Terms, conditions and services can vary dependant on your fractional provider but generally their annual fee covers crew costs, maintenance and the management, this will include sourcing insurance quotations, locating crew and full yacht maintenance.
To find out more specifics on fractional yacht ownership please see the links below to our recommended Fractional Approved Partners.
9490 Vaduz, Principality of Liechtenstein
International & European Sales Office
13 The Slipway,
Portsmouth, Hampshire PO6 4TR
Ph +44 2392 388980
Fax +44 7006 065766