Q:
What is Fractional Ownership? |
A:
The ownership of a fraction (or share) of a specific aircraft, its
usage
(flight hours) and its maintenance. |
| Q:
How does Fractional Ownership Work? |
| A:
A fraction of a specific aircraft is purchased which entitles the
owner to a guaranteed set amount of flying hours per year depending
on the fractional share purchased. |
| Q:
What areas does the aircraft fly to? |
| A:
All locations within the United States. |
| Q:
How much notice is needed for use of the aircraft? |
| A:
We generally require 24 hours notice. |
| Q:
How flexible are you with scheduling a flight compared to the major
airlines? |
| A:
With Northeast Air & Sea Services, you can leave and arrive
when you want to without being restricted by a fixed airline schedule. |
| Q:
How much does fractional ownership cost? |
| A:
Fractional ownership interests start at 1/16th which entitles the
owner to 50 occupied hours (flight hours) per year. |
| Q:
Is there a required term of ownership? |
| A:
Yes, 5 years is the standard term of the contract. |
| Q:
Do I need to hire a crew and pilots? |
| A:
No, as an owner you are provided with flight and ground crews that
have extensive experience and training which far exceeds industry
standards as documented by FAR (Federal Aviation Regulations) -
Part 135. |
| Q:
How do I know if the aircraft is being properly maintained? |
| A:
All of our aircraft must undergo mandatory periodic maintenance
and inspections as required by the FAA. No aircraft is permitted
to fly without the approval of certified FAA Mechanics. |
