Private plane or air taxi? Pros and cons of each option

However, this is one of the preferred options for those who prefer exclusivity, or are also pilots and love flying their own planes. There is also the possibility of paying a company to manage the aircraft, leaving only the owner to express his desire to decide when and where he wants to fly. The contracting company manages everything else.

In this case, it is still possible, when the owner is not using the aircraft, for it to be used to carry out charter flights for other people, which reduces the owner's costs and shares the profit from operation with the company that operates the aircraft. Planes.

benefits: The plane is available whenever you need it; Privacy; Possibility to choose the interior of the plane and manage your own teams.
cons: higher costs; Need to manage the flying bureaucracy.

Shared ownership

Also called fractional ownership, joint ownership is the acquisition of shares in the aircraft in which a person is interested. The person becomes part owner of the plane or helicopter, but the operational details, such as scheduling, crew, food supplies, insurance, etc., are managed by a company that manages the shares.

It is different from meeting with other people and buying the plane, because in this case the owners will have to maintain the whole bureaucratic administration.