27. Page 4-5
4. Key Attributes
Private Jet Travel: Understanding the Options
Ownership. Whole aircraft ownership affords the highest level of consistency.
From accoutrements to pilots, you can achieve consistency all the way, and it is
within your own control. You establish your own policies and standards and,
unless your internal or external flight department fails to deliver, that is what you
Fractional and Block-Frax. Fractional Ownership programs, with their fleets of
practically identically configured aircraft, offer a consistency level close to full
aircraft ownership. Most programs, however, reserve the right to charter non-
program aircraft to transport customers in times of high demand (especially peak
travel days). This practice, when used, can dilute the consistency of Fractional
programs. Some Fractional programs contractually limit their own ability to use
non-program aircraft to minimize such dilution. In large Fractional networks, you
might not get the same flight crew very often, but they will be trained and
qualified to a consistent standard of performance and customer service. Based
on the extensive in-house capabilities of Fractional managers, these programs
also offer a very high degree of operational consistency in areas such as pilot
selection and crew training, maintenance, flight planning, dispatch and
scheduling. As Block-Frax programs are actually operated by Fractional
operators, the rules generally mirror Fractional. Therefore consistency is quite
high, with outside Charter used as needed.
Block Charter. The consistency of Block Charter ordinarily tends to be somewhat
below that of Fractional, though it can vary greatly from one specific program to
the next. Dedicated fleets ordinarily offer high consistency. To the extent that it
consists of managed aircraft (owned by third parties) the consistency could be
somewhat lower, as the specific owner might choose a different interior look or
configuration, or different avionics suite. These tend to be cosmetic differences.
If backup aircraft are chartered in from third parties, the operational and cosmetic
consistency will be driven by the program’s approach to auditing this lift. If they
are pure brokers, consistency will be low.
Charter. Charter can offer high consistency, if you go to the same provider for the
same aircraft all the time. But if, as is more often the case, you need to mix and
match aircraft and operators, consistency will be low.
Schedule flexibility encompasses business aviation users’ ability to schedule or
change their travel plans with minimal notice, or otherwise use their aircraft when
they want, without constraints. Key factors include the degree to which aircraft
availability is guaranteed, advance notice requirements, travel constraints on
peak days and the rules associated with trip cancellation.
Charter. On-Demand Charter programs offer a high level of schedule flexibility,
though it comes at a price. Most operators will allow you to extend a stay,
change plans enroute, or delay a scheduled departure provided that you
compensate the operator for the time involved. At times, however, the aircraft
that best fits your needs may not be immediately available.
depends on the
often be bought
Independent Source: Deloitte Private Wealth, Private aircraft: Flying private makes sense for those with the right information (page 20)
*This website has no affiliation with Deloitte.