Private Aviation Demystified: Fractional, Leases, and the Real Costs

Private aviation is no longer just for the rich and famous. Industry data shows that fractional jet ownership grew significantly during the pandemic, which is a clear indication that it is far outpacing traditional charter services and full ownership models. Amid post-COVID shifts in travel habits and corporate belt-tightening, the interest in private aviation has continued to broaden beyond the ultra-elite. This is especially true for companies and individuals in the $5-15 million net worth range who are prioritizing convenience, safety, and cost efficiency without necessarily buying a full aircraft.

How is private aviation becoming more accessible, and what should executives and people with a high net worth understand about the new models of jet use, like leasing, jet cards, and fractional ownership?

On this episode of Krow Knows, host AJ Krow welcomes back Preston Holland, founder of Prestige Aircraft Finance and aviation expert. Known for his unfiltered insights into the private aviation market, Holland explores the evolving ecosystem of jet ownership and access, explaining why more companies are ditching their in-house flight departments in favor of fractional models. During the episode, Krow and Holland uncover who’s really flying private and how they’re doing it.

Their conversation also delves into…

• How fractional jet ownership is expanding rapidly and how it’s being driven by both downsizing corporate flight departments and increased interest from affluent individuals.
• Why traditional jet chartering is being outpaced by models that offer consistent service, standardized experiences, and transparent operator accountability.
• How private aviation companies are diversifying access with creative options like day-based usage programs and co-ownership matchmaking, targeting mid-tier wealth brackets more than ever. 

Preston Holland is the founder of Prestige Aircraft Finance, a firm that specializes in high-end aviation financing and consulting. He also runs a weekly newsletter, Private Jet Insider. Thanks to his deep knowledge and expertise in the private aviation world, Holland is recognized as a thought leader in aircraft acquisition strategy and operational cost analysis. His industry experience has made him a standout, earning him repeat guest spots and a strong following on Krow Knows.

Article by Alexandra Simon.