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•With Fractional Aircraft Ownership, you gain all the convenience, access, and time advantages of owning a whole aircraft but at a fraction of the cost and without any of the responsibilities. We hire the pilots, maintain the planes, attend to the logistics, and ensure your safety. To oversee your needs on every flight, a dedicated team is assigned to you to make sure everything is just right.
•The fractional aircraft industry didn’t just happen. The concept has grown rapidly during the last 10 years. It’s the first choice of people who want to fly the way they wish.
•There are two ways to experience private aviation and the unmatched safety, service and reliability that make it the best way to fly:
–Fractional Aircraft Ownership
–Block Time
•Fractional Aircraft Ownership is the most cost-effective transportation solution when an individual or business needs an aircraft between 50-400 hours per year. It is particularly beneficial for those who fly on short notice, travel during peak demand periods, or require departures from multiple locations.
•Purchasing Block Time is ideal for individuals and businesses that want the benefits of flying on a private jet but fly fewer than 50 hours per year, prefer a short-term commitment, or simply want to try .
•Choose either option and you’ll get the safety, service and reliability of flying on your own jet.
Efficient use of Capital
•As a fractional aircraft owner, you actually purchase (finance or lease alternatives are also available) an undivided interest in a specific, serial-numbered aircraft. The size of the undivided interest you purchase is directly proportional to the number of hours you typically fly in a year. A 1/16 interest represents the smallest share size available and is the equivalent of 50 hours of flying per year. In most cases, you are only charged for your occupied flight hours, not for any hours required to bring the aircraft to your departing location.
Predictability of your Expenses
•Your costs are guaranteed and predictable for the entire term of your contract, which is typically five years. There is no mandatory sell-back at the end of the initial contract term, and your management agreement can be renewed at prevailing monthly management and occupied flight-hour rates (unless the aircraft is due to be retired from the fleet).
•Should you ever decide to leave the program after your minimum commitment term (a 5-year commitment), we offer guaranteed liquidity and guaranteed repurchase of your interest at fair market value less a remarketing fee. Because we buy the most desirable aircraft and maintain them well, they hold a significant portion of their original value.
Pricing & Financing
•We customize the fractional ownership program to meet each purchaser's preferences and needs. Thus, final prices often vary according to the type of program chosen. Please contact us if you would like to find out how much a share configured to your preferences would cost.
•Whether you're a first time buyer or an experienced owner-operator, Trans Northern, Inc. has a finance or lease structure that fits your needs!
Aquisition Costs
•There is a one-time acquisition cost based on the number of shares desired. At the end of your initial five-year agreement, there is no additional capital outlay required, you simply renew your management agreement for an additional 5-years at the prevailing costs, or sell back your interest at fair market value.
•The monthly management fee is a fixed cost that covers indirect operating costs including pilot salaries, training, hangaring, insurance and Owner Services support.
•The occupied hourly fee covers flight specific direct operating costs including standard fuel, maintenance, catering and landing fees. You’re charged only for occupied flight hours plus 6 minutes of taxi time at the beginning and end of each flight.
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