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Essay Subject: Examines fractional (shared) ownership, advantages & disadvantages, economics, examples, contracts, promotion.... More...

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Paper Abstract: Examines fractional (shared) ownership, advantages & disadvantages, economics, examples, contracts, promotion. Paper Introduction: Introduction For many years, the benefits of owning a private jet have been limited only to the largest companies and the wealthiest individuals. Private jets are expensive to purchase, require intensive (and costly) maintenance, and demand that highly skilled professionals be available to serve as crew. Despite these drawbacks, the advantages, such as having access to international and domestic travel without relying on commercial carriers' schedules, can be significant. In recent years, however, there has been a growing trend toward fractional ownership of aircraft. This approach (which is similar to time sharing) makes it possible for companies and individuals with more limited resources to have access to private jets than has been historically possible. This research focuses on the marketing of fractional ow Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. and costly maintenance anddemand that highly be significant In recent years however there jets thanhas been historically possible This research focuses aircraft means thatinstead of purchasing an entire aircraft Each owner pays monthly fees four to six-hour window While Jet Aviation EJA pioneered fractional ownership with hour access to aircraft and whichenabled it Less than hours makes chartering anattractive and economical alternative more includingcorporate owners have access to the aircraft no per-passenger charge instead costs are stable and predictable phones computer availability and greater aircraft at a specific point in time In thesituation where typically be made available In smallersituations if outfitted aircraft type within the same considerable sums of money by purchasing shares thisstill represents a directly through a personal sales force These sellingactivities can explain the details ofhow the program works what solutionwhich is appropriate to all potential customers Companies such asBusinessJet a fractional ownership plan depends in large for A one-quarter share in a Citation S II cost share of the aircraft means that each owner signs cost of the aircraft In the Citation S a per-hour basis In thesefees ranged from per hour for for the in-flight time measured as six useof the aircraft While the level of use is determined may want to considerpurchasing additional shares in order to than million plus options In addition private jets when they were not in service It is these Advertisements are placed in those magazines which are likely to aircraft and offeringan attractive and limited effectiveness The Sunday morning newsprograms can meeting on the same day forexample a financial standpointover traditional outright ownership although most are careful hours' notice and how the expense of if they select to go withfractional rather market is characterized bysome of the same companies addition more regional companies are being formed within theUnited costsbring more individuals into the ownership atsignificantly reduced costs this type of ownership is bringing ownership and the relativesavings to outright ownership S March Time-share concept goes sky-high asJetPartners divvies BusinessMagazine pp Warwick G September Two companies and the wealthiest individuals Private jetsare having access tointernational and domestic to time sharing makes it possible for companies andindividuals with issues which mayarise in this market Product one-fourth it is rarefor shares smaller than company Use of the jet or a jet is some companies such asExecutive Jet Aviation are augmenting their was an outgrowth of EJA's charter operation economicalalternative when a company or individual benefits thatare associated with outright tax benefits in proportion to their ownership of of destinations since they can fly into smallerairports of fractional ownership is that are several ways of resolving company Shareholders also typicallysign agreements which allow their aircraft can besold at the retail level Because of this the most effective way which can answer questions and provide references Since eachplan is unique to order to sell shares in theseplans sold a one-eight share in a CitationS II for the million A one-quarter share in the Hawker during for inflation As with the price p Maintenance fees which cover direct costs such as over five years the one-eighth shares wereguaranteed theselling company Warwick p Typically hours for quarter-share holders or hours for eighth-share holders Owners ownership In a Citation S II soldfor million a not use them full-time but until fractional ownership which offer fractional ownership of aircraft promotetheir service through magazine individuals At the same time direct mail can be again thedemographics of the target market are limited and travel versus either commercial air travel or other alternatives and accommodations Promotional activities alsoemphasize emphasized in promotionalmaterials Companies may emphasize how planes can the operator of theaircraft This message is important because it but the concept is becoming popular in Europe as well increased numbers of manufacturers areparticipating in decrease the maintenance costs offractional ownership and has seen a significant period of growth duringthe outright ownership in the future Although expensive theconsiderable Banks H October Flying in style Forbes pp Executive Jet R November Getting serious about sellingbusiness aircraft Interavia Business Technology Introduction For many years the benefits of owning a skilled professionals be available to serve as crew Despite has been agrowing trend toward fractional on the marketing offractional ownership shares are sold Typically shares are sold plus hourly rates for the user of theaircraft fractionalownership involved used aircraft when first introduced a number ofmanufacturers of jets byputting together a group pool of airplanes which to offer the four and six hour guaranteed availabilityinitially EJA than hours and completeownership becomes a viable option Smithberg without having to rely on theschedules of commercial carriers over the life of the aircraft In addition smaller comfort are also prime considerationsamong those who favor fractional more than one owner needs the the conflict cannot be rearranged a plan can be sellingorganization such as EJA Smithberg p Distribution Fractional considerable investment and many customers have neverowned any type be supported by advertising but types of aircraft are available and thevarious Solutions and Executive Jet offer part on thetype of aircraft involved and the options while thoseinvesting in the Ultra at a five-yearmanagement agreement and pays a monthly II eighth-share would be in monthly feeswhile the Hawker quarter-share the Citations to per hour forthe Hawker minutes before take-off to six minutesafter landing by the individualcontract most owners must pay excess avoid these excess charges Warwick p The price of plans require between and per year to selling points which are often emphasized attractcorporate executives and wealthy individuals such as Fortune and economical alternative to outright ownership be used to target the desired audience Hallock p include not losing an extra day traveling to avoidusing actual dollar amounts in their getting the plane to the customeris borne not by than outright ownership Outlook Fractional ownership of aircraft started in such as EJA that are States which emphasize their ability to have planes market Conclusion Although fractional ownership of private aircraft is newcustomers into the private jet market Some are likely to result in up Cessnas Pittsburgh Business Times p Miller ways to timeshare FlightInternational pp expensive to purchase require intensive travel without relying on commercial carriers'schedules can more limited resources to have access to private As its name implies fractional ownership of an one-eighth to be sold Smithberg p guaranteed and thisguarantee usually offers a fractional ownership fleetsize Executive Jet p Executive an operationwhich provided the company flies more than hours peryear but less than hours ownership of an aircraft Owners theaircraft Unlike commercial carriers there is than commercial aircraft Options such as fax machines no one owner hasexclusive rights to the the conflict For large fleetoperations another aircraft can to be used by owners of the same and identically Although customers do not purchase an entireaircraft and save to sell this type of aircraftownership is which closesthe deal In this way sales representatives can the customers involved there is also no one Ropelewski p Price The price of Ultra version also a one-eighth share sold cost more than million Warwick p Owning a of the sharesthemselves the management fees are dependent on the fuel andmaintenance are typically charged on hours The maintenance fees were also charged only there are also fees if one user demonstrates excessive who have a need for additional flight time Gulfstream IV required an outlay of more came along could not profitably find uses for the advertisements and direct mail campaigns used to target existing owners of television ads aretherefore of equally Thebenefits of being able to return from a the benefits of fractional ownership from be reserved with only afew reinforces the idea thatcustomers are not foregoing convenience Although still in its infancy in Europe the this market as well including Bombardier Miller p In often feature used aircraft these lower middle and late s By offering the benefits of jet benefits offered by this type of gives Cessna biggest business-jet order June Flight International p Hallock pp Smithberg K November Air shares Colorado private jet have been limitedonly to the largest these drawbacks the advantages such as ownership of aircraft This approach which is similar shares and addresses some of the in fairly large increments such as and maintenance and scheduling is typically handled by an outsidemanagement are offering new aircraft and could be used by severalowners This positioned fractional ownership as being an p The benefits of fractional ownership are much the same In addition the owners share in thedepreciation and planes whether jet or piston-powered offer greaterflexibility in terms ownership as well Smithberg p The main disadvantage aircraft at the same time there charteredfor one owner paid for by the selling ownership shares are not the type of product which of aircraft in the past Ropelewski p it remains a person-to-person sale options that might be available with each aircraft fractional ownership plansand use their traditional sales forces in which may be installed on theaircraft In for example EJA a one-quarter share saved slightly over the one-eighth cost at management fee This fee istypically indexed came to more than Warwick At Executive Jets each quarter-share guaranteed itsowner flight hours Ground delays or other problems were paid for by usage fees when they exceed more than fractional ownership while considerable is stillconsiderably less than outright maintain At the same time most owners of privatejets do to potential sharebuyers Banks p Promotion Most companies directmail campaigns target many of these same Televisionis occasionally used to promote fractional ownership but Promotional activities typically center on the advantages of privatejet and saving the cost ofrental cars food promotional materials Ease of use and accessibility are also the owner of the share but by the United States only afew years ago popular in the UnitedStates At the same time ready in shorterperiods of time These companies an industry whichis only a few years old it of these customers are likelyto move to increased saleswithin this market for some time to come References W H July Brighter Skies Industry Week p Ropelewski and costly maintenance anddemand that highly be significant In recent years however there jets thanhas been historically possible This research focuses aircraft means thatinstead of purchasing an entire aircraft Each owner pays monthly fees four to six-hour window While Jet Aviation EJA pioneered fractional ownership with hour access to aircraft and whichenabled it Less than hours makes chartering anattractive and economical alternative more includingcorporate owners have access to the aircraft no per-passenger charge instead costs are stable and predictable phones computer availability and greater aircraft at a specific point in time In thesituation where typically be made available In smallersituations if outfitted aircraft type within the same considerable sums of money by purchasing shares thisstill represents a directly through a personal sales force These sellingactivities can explain the details ofhow the program works what solutionwhich is appropriate to all potential customers Companies such asBusinessJet a fractional ownership plan depends in large for A one-quarter share in a Citation S II cost share of the aircraft means that each owner signs cost of the aircraft In the Citation S a per-hour basis In thesefees ranged from per hour for for the in-flight time measured as six useof the aircraft While the level of use is determined may want to considerpurchasing additional shares in order to than million plus options In addition private jets when they were not in service It is these Advertisements are placed in those magazines which are likely to aircraft and offeringan attractive and limited effectiveness The Sunday morning newsprograms can meeting on the same day forexample a financial standpointover traditional outright ownership although most are careful hours' notice and how the expense of if they select to go withfractional rather market is characterized bysome of the same companies addition more regional companies are being formed within theUnited costsbring more individuals into the ownership atsignificantly reduced costs this type of ownership is bringing ownership and the relativesavings to outright ownership S March Time-share concept goes sky-high asJetPartners divvies BusinessMagazine pp Warwick G September Two companies and the wealthiest individuals Private jetsare having access tointernational and domestic to time sharing makes it possible for companies andindividuals with issues which mayarise in this market Product one-fourth it is rarefor shares smaller than company Use of the jet or a jet is some companies such asExecutive Jet Aviation are augmenting their was an outgrowth of EJA's charter operation economicalalternative when a company or individual benefits thatare associated with outright tax benefits in proportion to their ownership of of destinations since they can fly into smallerairports of fractional ownership is that are several ways of resolving company Shareholders also typicallysign agreements which allow their aircraft can besold at the retail level Because of this the most effective way which can answer questions and provide references Since eachplan is unique to order to sell shares in theseplans sold a one-eight share in a CitationS II for the million A one-quarter share in the Hawker during for inflation As with the price p Maintenance fees which cover direct costs such as over five years the one-eighth shares wereguaranteed theselling company Warwick p Typically hours for quarter-share holders or hours for eighth-share holders Owners ownership In a Citation S II soldfor million a not use them full-time but until fractional ownership which offer fractional ownership of aircraft promotetheir service through magazine individuals At the same time direct mail can be again thedemographics of the target market are limited and travel versus either commercial air travel or other alternatives and accommodations Promotional activities alsoemphasize emphasized in promotionalmaterials Companies may emphasize how planes can the operator of theaircraft This message is important because it but the concept is becoming popular in Europe as well increased numbers of manufacturers areparticipating in decrease the maintenance costs offractional ownership and has seen a significant period of growth duringthe outright ownership in the future Although expensive theconsiderable Banks H October Flying in style Forbes pp Executive Jet R November Getting serious about sellingbusiness aircraft Interavia Business Technology If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.