In my 25 years as an aviation broker and consultant, I have, purposely, probably talked more people out of buying an aircraft than I have into buying one. Incorrect expectations and budgetary constraints are just a few of the reasons that ownership may not be the correct solution for you -- at least for now. Until recently the only answer short of full ownership or chartering was to travel using the commercial airlines. Now, though, there are more options. Typically if you expect to be flying 200 hours a year or less, you should explore the alternatives to full ownership.

The concept of fractional ownership, whereby 1/4 or 1/8 shares of the aircraft are actually sold, is relatively new and has proven extremely successful in solving some people's needs. Those that are involved are, for the most part, quite pleased with the results. Fractional ownership is in its infancy, however; time will tell if the concept proves valuable over the long haul. I would say that a prospect enters into this type of arrangement in great part because of a need for frequent travel but cannot currently justify full ownership. Most fractional ownership commitments are for 5 years. In some situations, the term of the commitment may be too long for a prospect whose aviation needs may be changing more quickly.

Chartering is a great way to experience several types of aircraft prior to making a final choice to purchase. Although the hourly cost may seem high, the flexibility and lack of long term commitment makes chartering attractive to many.

Setting up a partnership for aircraft ownership can sometimes be more difficult than choosing a spouse. However, having the right partner(s) can be bliss. If the partners' missions are compatible and their scheduling does not conflict, this 'sharing' of an aircraft can work out very well. I believe a good partnership agreement is the key to the success in this travel solution.