Jet Share & Fractional Jet Ownership
The Nicholas Air Jet Share program, or Fractional Jet Ownership, offers greater flexibility at a fraction of the cost, without the hassles of whole aircraft ownership. A Jet Share is ideal for anyone who flies over 100 hours per year and desires the depreciation benefits of owning an asset. Purchase a NICHOLAS AIR Jet Share and own an interest in a specific aircraft in the exclusive NICHOLAS AIR Fleet.
BENEFITS OF WHOLE AIRCRAFT OWNERSHIP AT A FRACTION OF THE COST
Acquisition Cost
Acquisition cost is based on the size of the share and aircraft type and is directly proportional to the number of hours you typically fly in a year. Your costs are guaranteed and predictable for the entire term of your contract.
Management Fee
Simple Monthly Management Fee covers operating costs including crew, training, hangar, insurance, and owner services support.
Direct Costs
The hourly charge covers fuel, maintenance, and other direct operating costs. (Other fees include Federal Excise Tax, Airport Fees, and International Fees for travel outside of the U.S.)
JET SHARE ADVANTAGES
- No Re-Positioning Fees
- Exclusive Fleet Access
- Tax & Depreciation Benefits
- One-Time Acquisition Costs
- Interchange Between Aircraft Types
- Five Year Term
- Simple Monthly Fee
- Fuel and Pilots Included in Cost
- Guaranteed Availability
FREQUENTLY ASKED QUESTIONS
NICHOLAS AIR is the owner and operator of all aircraft in the Jet Share program. As the direct air carrier, we maintain full operational control over all flights at all times. (No 3rd parties or brokers). NICHOLAS AIR holds an ARGUS and Wyvern safety rating. ARGUS and Wyvern are worldwide leaders in performing on-site safety audits for corporate flight departments, charter operators, and commercial airlines.
The following are some highlights that make our program different: New aircraft – All aircraft in the NICHOLAS AIR fleet are brand new. Full concierge service – our owners have 24/7 access to our fleet and on-site concierge services.
Yes, unlike most other private jet services, Jet Share Members may schedule multiple aircraft on the same day.
You will have three primary expenses: The cost of your share- This is the amount you pay for your equity in the aircraft. You can pay for this in full or finance your purchase of the share. Monthly management- This covers your fixed costs (Pilots, insurance, hangar) Hourly Cost- Each time you fly, you are responsible for paying the hourly fuel cost.
When your aircraft is 5 years old, it is retired from our program. However, should you desire to leave the program early, either NICHOLAS AIR can help sell your share, you can sell your share or you can exercise a buy-back provision in your management agreement.
No, there are no trip minimums. However, the Jet Share program has a daily minimum of 1 hour.
We currently serve the USA, Canada, Mexico and Caribbean.
Each Jet Share Member enjoys 24/7/365 access to a NICHOLAS AIR Personal Travel Representative who will take care of all flight reservations and special requests.
Jet Share Members are billed only for the time they occupy the aircraft, plus a flat 6 minutes for taxi time.
The NICHOLAS AIR fleet can accommodate the following number of passengers in each aircraft type: Pilatus PC-12 – up to eight passengers, Phenom 100 – up to six passengers, Citation CJ3 – up to eight passengers, Phenom 300 & Citation Latitude – up to nine passengers. If you would like to bring luggage such as skis, golf bags, etc. please notify your NICHOLAS AIR Personal Travel Representative so that the crew may plan accordingly.
Yes, complimentary concierge services for catering, ground transportation, hotel reservations, etc. are provided as an added value benefit to jet share Members. Special requests may be made to your Personal Travel Representative at the time of booking.
Yes, liability limits between 20 million and 200 million are available, depending on your need.
Only if NICHOLAS AIR incurs an expense will a cancellation fee be imposed. Normal policy is that trips must be cancelled 12 hours prior to takeoff in order to avoid a cancellation fee.
Trips that arrive at or depart from locations outside of the United States are subject to international fees. The international fees vary based on the location.
Contact one of our aviation experts at 866.935.7771 to learn more about the NICHOLAS AIR Jet Share Program.