Texas firm cuts the cost of reselling frax shares | Aviation International News

Charter & Fractional

Texas firm cuts the cost of reselling frax shares

Fractional Insider, a six-month-old Dallas company formed to provide assessments and recommend- ations for fractional aircraft owners and potential owners,

By Gordon Gilbert • Contributor - Accidents and Regulations

January 8, 2008

Fractional Insider, a six-month-old Dallas company formed to provide assessments and recommend- ations for fractional aircraft owners and potential owners, claims its new share-exchange program can save buyers and sellers hundreds of thousands of dollars in brokerage, remarketing and penalty fees.

“Until now, the only viable option for a share owner seeking to end its contract has been to sell back to the original provider,” said Fractional Insider president and CEO Mike Riegel. “Selling a share typically takes 90 days or more, during which time owners continue to pay monthly lease and management fees. In addition, providers charge a remarketing or brokerage fee that ranges from $50,000 to $150,000 per share sold.”

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