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The price of ownership in a fractional jet is based, among other factors, on the purchase price of the specific jet from its manufacturer. Unfortunately for those considering private travel, share prices could increase due to “flipping.”
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The editors of Shermans Travel have devised a list of the top ten destinations for 2008. The diverse list includes destinations to suit travelers seeking anything from diving with whale sharks to wine-tasting to desert-camping in “luxurious linen tents” (which seems a bit oxymoronic to us.)
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The coaching staff of the Oklahoma State University football team now has a fractional jet to rely on when it comes to recruiting visits around the country. It seems they couldn’t be happier.
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Once again corporate private jets are back in the news connected to allegations of improper use. In this case, the allegations pertain to Richard Roberts, president of Oral Roberts University, and his potential misuse of the institution’s private jet. It’s news like this that lends credibility to the weak claims that private jets–be they fractional, chartered or owned outright–are obscenely extravagant. It’s not true and it that misses the larger point.
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While I’m not planning to invest in a fractional jet primarily for philanthropic or scientific purposes, I was nonetheless struck by a story in which two Silicon Valley entrepreneurs are loaning their private jet to NASA for a few hours.
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Most business people would give just about anything for the chance to have an uninterrupted hour or two with a key client or great prospect. It’s clear to me that just such opportunities may be easier to create if you can dangle the prospect of private jet travel in front of these folks, particularly if you have reason to believe that he or she enjoys traveling to the same places you do, be that for business or pleasure.
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