Private Jet Rentals Grow in the Form of Memberships and Fractional Shares, Business and Industry Trends Analysis

Corporations continue to be conservative about major capital expenditures, including the purchase of business jets, which can cost $70 million or more for the largest long-range bizjets, and $4 million to $40 million for most other jets, depending on size and range.  Production of new, larger-cabin bizjets is seen throughout the industry. Many corporations have determined that they would rather rent bizjets than buy them.  The fractional ownership concept appeals to companies that need quick access to private jets but do not want the burdens of ownership.  While chartering a jet from time-to-time may be appropriate for occasional users, companies…

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