Travel pain IS all around
Getting in and out of our cities takes hours, makes you tired, can be risky and dangerous. Our highways, airports and airlines have improved, but will still tire you out systemically. A private aircraft can significantly enhance your productivity.
New opportunities are in smaller towns, where competition is low, costs are lesser, and business is to be had by whoever shows up. Don't let geography come in the way of your destiny.
You invested in that factory, or facility, in that remote area because of the tax benefits and lower costs. But you haven't been able to supervise it well. Don't let it be that way. You have the power to change this.
History - fractional aircraft ownership
Beginnings
International regulations
International regulations
Traditional Fractional aircraft ownership (on the asset) began in the USA, over 30 years back in the late 80s, by a little known company called Executive Jet Airways, led by the legendary Richard Santulli. In 1998 they were acquired by Warren Buffett backed Berkshire Hathaway. And renamed as - NetJets. The rest is literally history
Traditional Fractional aircraft ownership (on the asset) began in the USA, over 30 years back in the late 80s, by a little known company called Executive Jet Airways, led by the legendary Richard Santulli. In 1998 they were acquired by Warren Buffett backed Berkshire Hathaway. And renamed as - NetJets. The rest is literally history
Customers loved the product, the novelty that they could own a aircraft (even if a fraction- 1/8th or 1/4th or so on). The fraction chosen could be matched to their usage (75hrs or 100 hours a year and so on). Then they were able to record the asset on their books & avail proportionate depreciation in a very familiar accounting practice. All along be more assured of aircraft availability, and never have to worry about operations and compliances, have defined costs and better liquidity (than full ownership), and also get access to other aircraft types after the fractional provider scaled up their fleets. Today, NetJets is the fractional industry leader globally, with over 750 aircraft spread across USA and Europe.
Other reputed fractional providers globally are- FlexJet, PlaneSense, JetFly, AirSprint to name a few.
International regulations
International regulations
International regulations
From the beginning, i.e. late 80s, all fractional players operated under FAA's private use regulation - Part 91. But by 2005, after seeing the unbridled growth of fractional players, the FAA carved out a separate regulation for them- Part 91K. This new regulation was also private but stricter than pure private- Part 91 (for
From the beginning, i.e. late 80s, all fractional players operated under FAA's private use regulation - Part 91. But by 2005, after seeing the unbridled growth of fractional players, the FAA carved out a separate regulation for them- Part 91K. This new regulation was also private but stricter than pure private- Part 91 (for non fractionals). It was however less stringent than commercial charter- Part 135.
Today, US operators can get multiple operating certificates from the FAA- 91, 91K, or 135... and then plan their flights appropriately depending on who are their passengers.
In Europe, EASA took a different approach. They decided against making a separate operating category for Fractionals. Thereby traditional model fractional ownership could be applied to any aircraft in any operating category.
This is also the approach for us to follow in India.
India
International regulations
India
Today, India's DGCA does not accept multiple titles on the registration document for aircraft. The issue is under deliberation by the Government. A lot of work and tax studies have been done and draft policy guidelines are ready and awaiting release. After the policy is finalized, it would be followed by the DGCA regulations - for t
Today, India's DGCA does not accept multiple titles on the registration document for aircraft. The issue is under deliberation by the Government. A lot of work and tax studies have been done and draft policy guidelines are ready and awaiting release. After the policy is finalized, it would be followed by the DGCA regulations - for traditional fractional aircraft ownership programs, and this would be the dawn of fractionals in India.
It is pertinent to mention that about 20 years ago, a few companies tried to commence Fractionals in India. Those attempts were ahead of time. Not only were conducive regulations not in place, but the market was also not ready. However...today, powered by a booming economy, India's market is very ready. Only policy and regulatory frameworks are awaited, to change the face of non-scheduled aviation in India.
Working - fractional aircraft ownership
Capability and Bandwidth
Capability and Bandwidth
Capability and Bandwidth
No one in India has ever run a fractional aircraft ownership program before. Not even us. Just having track record of running charters is not sufficient. You need capability plus bandwidth for offering a fractional service. In fact Charters, by themselves are easier to run as, compared to Fractionals. Look internationally - there
No one in India has ever run a fractional aircraft ownership program before. Not even us. Just having track record of running charters is not sufficient. You need capability plus bandwidth for offering a fractional service. In fact Charters, by themselves are easier to run as, compared to Fractionals. Look internationally - there are far far more charter providers than fractional providers! What does this tell you? Then, look in India - there are over a 100 charter operators in a very fragmented market, competing against each other and fire fighting daily. The message here is to look for a service provider who has Capability plus adequate Bandwidth for the fractional service you seek.
Flightshares edge
Capability and Bandwidth
Capability and Bandwidth
We are helmed by professionals who are dedicated to the cause of fractional aircraft ownership in India. We have studied how the program works in the western world and pursued the Indian Government for over 2 years on shaping a fractional policy. We have released advertisements, given media interviews pushing the case of fractionals, h
We are helmed by professionals who are dedicated to the cause of fractional aircraft ownership in India. We have studied how the program works in the western world and pursued the Indian Government for over 2 years on shaping a fractional policy. We have released advertisements, given media interviews pushing the case of fractionals, have had hundreds of conversations with industry leaders across India, who were curious about fractionals asking questions like - What are their costs like? How would the program work? Would they get depreciation? How will we manage fair usage? Which are the aircraft involved?...to name a few. All this has allowed us to sharpen our product and program working.
Flightshares program
Capability and Bandwidth
Flightshares program
We take over the responsibility of purchasing your aircraft, sole ownership or under a fractional aircraft ownership program. And ensure your aircraft is well looked after. Forget about the stress of organizing everything beforehand. We take care of it all, so that you enjoy your private plane as an owner with fractional operating cost
We take over the responsibility of purchasing your aircraft, sole ownership or under a fractional aircraft ownership program. And ensure your aircraft is well looked after. Forget about the stress of organizing everything beforehand. We take care of it all, so that you enjoy your private plane as an owner with fractional operating costs.
The program oversees your aircraft purchase, contracts, provides briefings, familiarization meetings, ensures transparent and fair usage management with regular statements, not to mention putting in place equitable arrangements with a reliable aircraft operating company, which could be your own or a 3rd party AOC.
Aircraft
Pilatus PC 12 NGX
Pilatus PC 12 NGX
Pilatus PC 12 NGX
The PC 12 is a long established airplane family built by Pilatus in Switzerland. This plane is a workhorse and super reliable. Its Pratt and Whitney PT6 engines are built in Canada and have a bulletproof reputation. Seats 6 to 8 in corporate configuration. Ideal to access short fields, at low cost flights, for flights mostly within India.
Praetor 500 / 600
Pilatus PC 12 NGX
Pilatus PC 12 NGX
The Praetor is a relatively new airplane family built by Embraer in Brazil and USA. Incorporates latest technologies, including fly by wire flight controls. Seats 8 to 10 in corporate configuration. Ideal for fast flights within India, or neighboring countries like Singapore, Dubai, and Maldives, or if you do one refueling halt mid way.. it will even fly to Europe ex-India.
TBD
Pilatus PC 12 NGX
TBD
The fractional model can be applied to any aircraft.
On top we display a futuristic VTOL ducted fan aircraft- the XTI TriFan 600, that combines features of a helicopter and a fast turboprop. When it materializes, it promises to revolutionize access to far off mountains or to places with no airports.
About us
We are a team of experienced aviation enthusiasts who believe that owning an aircraft should be a thing of joy. Not frustration.
There are many pundits around- experts in one or two aviation fields. But aviation needs 360 degree capabilities. For example, lets take aircraft brokers. They are very useful indeed but maybe just for the sale process? Whereas there are many other aspects that impact you, such as- the right aircraft for you (and not for the broker), setting up an efficient home for your aircraft (own operations vs. third party operations), good piloting strategies that de-risk you (getting a pilot ready takes months), and many more such aspects.
If all these are not handled well in parallel to aircraft acquisition, then you risk making costly mistakes. It hurts to see an aircraft weeping on the tarmac... and so we started offering our 360 degrees advisory and implementation services. Where absolutely necessary, specific domain experts can always be hired separately.... but we oversee and monitor the entire process turnkey. And partake in your joy.