Jet Linx has introduced a Joint Ownership Program, a solution that makes aircraft ownership more accessible and affordable, providing all the benefits of owning a private jet but at 50 per cent of the cost due to shared ownership of the asset.

The Jet Linx Joint Ownership Program also reduces the complexities of owning a private jet, because Jet Linx identifies and purchases the aircraft, recruits, trains and employs the pilots, as well as providing complete management of the aircraft, inclusive of hangar, fuel, insurance and maintenance. To reduce the operating expenses normally associated with private jet ownership, aircraft in the Jet Linx Joint Ownership Program also benefit from the company's buying power and scale as part of its US fleet of 120 aircraft. In addition, whenever an owner isn't using their aircraft, Jet Linx generates revenue for the aircraft through its jet card membership programme, making the Jet Linx Joint Ownership Program a cost effective ownership solution.

Unlike traditional fractional jet ownership programs in which an aircraft has 16 different owners and the operator then uses the aircraft to service thousands of fractional owners nationwide, the Jet Linx Joint Ownership Program serves only two owners for each aircraft, which is based locally at a Jet Linx private terminal and hangar to serve its owners. “Our Joint Ownership Program clients actually fly on their own aircraft with their own pilots, offering a truly unique and outstanding service experience compared to the conventional fractional ownership model,” says president and CEO Jamie Walker.

In addition to sourcing and purchasing aircraft for Joint Ownership Program clients, Jet Linx also offers to facilitate the sale of an owner's half-interest. “We have seen a recent trend towards shared ownership, from both new buyers and existing aircraft owners, to reduce the capital outlay and carrying costs associated with whole aircraft ownership,” Walker continues. “We're thrilled to introduce a new and innovative solution that allows individuals and companies to experience the benefits of private jet ownership without the financial requirements of whole aircraft ownership. Our Joint Ownership Program leverages our extensive experience in whole aircraft ownership and management and brings it to a much larger audience of prospective clients by removing half of the expense and risk of whole aircraft ownership, while providing what's been missing from traditional fractional jet ownership; the enjoyment of flying on your own aircraft with your own crew from a local private terminal and hangar.”

The launch of the Jet Linx Joint Ownership program follows the recent expansion of the company's jet card programmes and aircraft management solutions. In January 2021, Jet Linx introduced the Complete Aircraft Transaction (CAT) programme, a full-service solution for the purchase, management and sale of a private jet. Jet Linx also introduced two new jet cards in 2020, its 90-day Affiliate jet card for those in need of a short-term private aviation solution for necessary travel and the Enterprise jet card, which provides businesses with a comprehensive suite of services and products designed to optimise their corporate travel strategy through increased connectivity and productivity.