Jet sharing, this is how the private jet network works just for billionaires

If there is one thing that is common among billionaires, it is that they have a private jet, which allows them to transport themselves wherever they want, whenever they want and without exposing themselves to the public traveling on regular airports and flights .

These planes alone can cost millions of dollars depending on the model or size. However, the cost of owning a private jet is even greater. You have to take into account, among other things, fuel, maintenance and the work of the crew responsible for the flight.

Furthermore, the billionaires who travel on these private planes run the risk of their competitors tracking their flights and having an advantage over them. Or being the victim of an attack.

The 10 Universities That Created the Most Millionaires on ‘Forbes’ List

For these and other reasons, many of the world’s wealthiest people have ditched their private planes and opted for jet sharing, a form of timeshare purchase.

American billionaires like Jeff Bezos and Elon Musk hardly pay tax and it is legal, research shows

What is jet sharing?

It is a technique in which several millionaires from an airline purchase the rights to use an aircraft certain times a year, depending on the number of times they will use it.

This way you do not buy a physical aircraft, but rather a kind of voucher to use an aircraft from this company, which is responsible for maintaining the aircraft, providing the crew and ensuring that there is always one available is when the customer requests it. It.

The Millionaire Bunker: Who Are the Rich and Famous Living on the Small and Luxurious Island of Florida

When some people invest in this form of transportation, they become a kind of shareholder in the airline, without taking on all the costs of having their own plane.

However, it’s not just about rental, because when renting a private plane there is no guarantee that one will be available, or it very much depends on the state of the market.

Therefore, long-term co-ownership is a cheaper, easier and safer option for multi-millionaires who travel constantly and don’t want to fly commercial aircraft.

According to Unitsky Aero, one of the benefits of jet sharing is the ability to determine the date and time of the aircraft’s departure, and that the private jet will take off even if not all seats have been sold. (JO)