The Air Share Proposal
Air Share is aimed at companies and individuals who have become successful as a result of good business. This means we know that whilst there are wealthy individuals who think little of spending tens of millions on this luxury, the vast majority of successful people or companies make decisions carefully, especially when it concerns buying a share in an aircraft – a decision which may have to be justified to shareholders or partners.
We think there is absolutely no more cost effective way to own and operate an executive aircraft than through the Air Share scheme. A worked example based on the PA31 Chieftain is provided in the adjacent column.
Please note that there are other aircraft types in the fractional ownership programme, which allows you to choose the most appropriate one based on the intended mission profile.
How the Programme Works
Based on a cabin-class PA31 Chieftain, an aircraft capable of reaching most European destinations in fast comfort:
- Shares sold in blocks of 12.5% for £25,000 (maximum shareholding is 75%) and must be held for 5 years when they can be sold at present market value.
- Each share entitles the owner to 40 days use of the aircraft or similar aircraft in the programme.
- Annual management fee per share is £1,000 per month payable monthly in advance.
- Fractional owners fly at direct cost +15% (typical direct hourly cost for the Chieftain is £457).
- Aircraft based at Lydd and/or Le Touquet airports but can be positioned anywhere within Europe.
The typical fractional owner acquires a 25% share, providing 80 days of availability per year and an annual management fee of £24,000, which is an ideal and affordable solution for smaller companies having travel needs from Southeast England to other parts of the UK and Europe.