I took a flight on a $10 million private jet, and it shows why one business case for private-plane ownership makes perfect sense

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Fractional ownership lets businesses or individuals own a 'share' of a plane, having access to it as needed, rather than owning the plane outright.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Private jets have a reputation for being opulent or extravagant, but in many cases in the US, a private plane is actually a smart business resource.

The ride was smooth and comfortable, and got me thinking more about why flying private can make sense for some businesses. Read on to see what it was like.While private jets have a reputation for being extravagances — and in some cases, they certainly can be — there are actually a few more practical and down-to-earth reasons that people fly private. Especially for businessSay you're a college sports recruiter, and you have to visit a bunch of high schools in the mid-west.

The same holds true for people who manage multiple franchise locations, car dealerships, or other businesses. While there are roughly 5,000 public airports in the US, only 10% of them have any commercial service, which could be as few as two flights a day. One fractional ownership company, Kansas City-based Airshare, has been aggressively expanding over the past several years, offering service to clients farther and farther away.

 

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