Charter & Fractional
Jetvia Fractional Ownership Plan Offers 25% Down Payment
Texas company operates a fleet of Bombardier Learjet 60 aircraft
Jetvia Bombardier Learjet 60
Jetvia offers shares in its Bombardier Learjet 60 based on a 25% down payment and interest rates of 5%. © ATI Jet/Jetvia

Charter operator Jetvia has launched a fractional ownership program for its Bombardier Learjet 60 fleet. Announcing the new program on Thursday, the Texas-based company said it will offer financing based on a 25% down payment on shares at a 5% interest rate.

Jetvia, which is providing the financing in-house rather than through a third party, said its approach would lower the barriers to private jet ownership. It contrasted its offering with that of its rival SkyShare, which offers third-party financing with a 35% down payment.