One of the topics that needs to be touched on when discussing Lear (or Leer) Jets is that of fractional ownership. Fractional ownership (in anything be it condominiums, jets, or summer rental property) can be a complicated process. Given the complexity and legalities of this form of shared ownership, it is best to consult with a lawyer who is familiar with the process and capable of guiding you through the wickets that exist.

From a thirty-thousand foot perspective, fractional jet ownership is similar to any other commodity you purchase a fraction of. As with a timeshare, you contract for a certain amount of time wherein the jet is available for your use. I have read that some of the companies providing this service will ensure, through the use of other assets, that a jet is available for you when you need it…as long as it is within the parameters of your contract. There is certainly a cost benefit that is realized through the use of fractional Lear Jet ownership, with some prices being as low as $8,000 for 50 hours per year. It is this cost efficiency that makes this a viable alternative for many individuals who would otherwise not be able to afford the outright purchase of a Lear Jet.

We hope this information has helped. If you have anything you would like to the discussion, please leave a comment and we will be sure to respond.

Thanks, and have fun flying!

Lear Jet Fractional Ownership