Private jet management firm Altiora has introduced a co-ownership programme for owner-operators across California and the Southwestern United States. The scheme is aimed at owners who want the economics of shared ownership without giving up their own aircraft.

The model differs from traditional fractional programmes, which typically involve a fixed fleet, a fixed crew and a different tail number on each trip. Under Altiora's approach, each owner is matched with a small number of vetted co-owners whose flying schedules complement their own, while keeping their own aircraft, tail number and crew. All parties agree to the arrangement before it is signed, and Altiora manages scheduling, cost allocation and exit terms throughout. The same structure is offered to owners who currently charter out their aircraft to offset costs, allowing them to recoup savings through a single vetted co-owner rather than opening the cabin to paying passengers.

Masoud Gerami, founder and chief executive of Altiora, says: “The most common thing we hear from prospective buyers is that they don't fly enough to justify a whole jet. Co-ownership closes that gap. This is you flying your own jet with your own crew, at a fraction of the cost.”

Altiora holds a pool of pre-qualified co-owner candidates spanning light, midsize and large-cabin jets, with the process beginning with a confidential review of an owner's aircraft, schedule and fixed costs, or of a prospective buyer's typical missions.