JetLimited, the new fractional aircraft ownership program from Rifton Aviation, believes it sets itself apart from other regional and national frax programs in several ways, all intended to result in more personalized service to its target Northeast U.S. customers than other frax operations.
Rifton initially is retaining at least a 25-percent (quarter-share) ownership in each of the four aircraft in the program, giving the company a “vested interest” beyond merely a management role. Shares for other buyers will be officially available for less than quarter segments, but customers will be steered to acquire at least quarter portions to limit the maximum number of share owners to just four per airplane (including Rifton, which could retain more than 25 percent to maintain a maximum of four owners). This small ownership pool, Rifton said, ensures that customers will more often be flown by the same crew and in the same airplane in which they have invested than with a larger fractional owner. Fewer owners also means fewer total airframe hours, which should have a positive effect on airframe resale value, said Rifton.
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