super yacht fractional ownership

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Redefining superyacht fractional ownership

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"In the very large yacht segment, yachts upwards of 280ft in length, the market typically will see 2 or 3 brokerage transactions per year, less than 1% of global superyacht sales. Superyacht Holdings is creating increased demand and much needed liquidity for the largest superyachts in the world.” Bob Denison CEO, Denison Yachting

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Fractional Yacht Ownership : Everything you Need to Know

Fractional yacht ownership is one of the way to own a yacht that might suit your needs.

For most people, owning a luxury yacht means the freedom to move whenever and wherever they want with maximum comfort. However, it is rare to be able to use it 100% of the time. There are options to counteract the time the boat is not is used, and one of the most profitable and comfortable is fractional ownership.

Shared yacht ownership may be for you. But do you know exactly what it means and entails?

Let’s review the pros and cons of this ownership method to assess whether this can suit you, or whether you should continue chartering yachts or owning one fully .

What is fractional yacht ownership?

Fractional boat ownership is exactly what it sounds like. It allows you to own a part of a yacht for usage time on board. You legally own a piece of it as an asset, and like a company share or a bond, you can sell or transfer it. 

People have been sharing boats through informal partnerships with friends or family members for eons. Fractional boat ownership is simply a formalization of these arrangements which offers you more legal protection in case of conflicts. 

Each owner pays an equity stake in the vessel depending on what percentage of the purchase they want. 

In return, each owner is allotted a set number of days they are allowed to use the boat each year proportionally to their investment. 

On top of the share, the owners have to pay an annual maintenance fee to the management company taking care of managing the calendar, crew, and maintenance of the boat throughout the year.

Fractional boat ownership is different from a time-share which only gives you the rights of property used for a certain amount of time. Once your time is over, your investment also is.

To help you to decide if fractional yacht ownership is right for you, here are the pros and cons you might consider.

The Pros of fractional yacht ownership

By sharing the purchase price, but also the operating and maintenance costs between the owners, fractional boat ownership lightens your investment considerably, allowing you to make serious savings. Financially, but not only.

Fractional boat ownership will also help you to save time on managing different aspects. Indeed, the management company will take care of it – from hiring a crew to coordinating maintenance, to managing the calendar among all owners, to deal with marinas. If you don’t use the yacht, the management company will help you to charter it.

When you use your time aboard, you are free to invite anyone you want. This kind of program is often located in an area, but with the majority of other owner’s agreements, you can cruise the boat in new locations.

If you no longer wish to own a fraction of the yacht, most fractional ownership agreements allow you to easily sell your fractional shares to someone else. Since this kind of program keeps the yachts well-maintained, the value of your share will not devalue so quickly and you’ll be able to more easily change boats than with full ownership.

Furthermore, some fractional ownership organizations maintain fleets that allow you to use a different yacht, enjoy another location, or make up for time lost because of weather or maintenance issues. 

The Cons of fractional yacht ownership

The main drawback of fractional yacht ownership is obviously that you have to share your boat with other owners

Some downsides include that even if you own a part of the yacht, you can’t do whatever you want with it. For example, You can’t personalize a fractionally owned yacht. In fact, you probably won’t have a say on the outfitting or the decoration at all.

You don’t have a lot of flexibility either to use your yacht whenever you want. The yacht isn’t at your disposal all the time and itineraries are planned in a way that you choose your slot in advance. Your last-minute getaways are therefore compromised. 

It also means that the boat might not be available for the particular dates you would like to use it. Read properly the agreement, as some of them allow first come – first served during the unscheduled time if no maintenance is required.

When it comes to moving the yacht, most of the owners have to agree on the destination, so you can be stuck with one area, which can be an issue if you are planning on moving a lot. To relocate your yacht for an extended period of time, you will usually need every owner’s approval. 

On the other hand, most owners may decide to move the boat to an area you don’t particularly like. If you were to charter a boat, you would simply pay a moving fee, but in this case, you are stuck!

Depending on the contract, it is possible that if the majority of the owners want to sell the ship, it can get sold out from under you. So read it carefully!

In fact, the main disadvantage of fractional yacht ownership lies in its name: you only own a portion of the yacht, which means you are not in full control of your property.

Is Fractional yacht ownership for you?

To know  if fractional boat ownership is for you or not, answer these different questions:

• Is it important for you to be in total control of your yacht?
• Do you have time and funds to deal with your yacht’s maintenance costs?
• Are you planning to sail in one area or to explore the world?
• Is having a customized yacht important to you?
• Are you flexible on dates?

Depending on your answers, fractional yacht ownership can be, or not a good option for you.  If you want to save on costs, if you are likely to use it several times throughout the year in one particular region, if you know which boat you want or if you want to invest in a yacht to charter it, then go for shared boat ownership.

For people who don’t want to deal with the hassles of single-ownership, it is also a solution to consider.

On the other hand, people who like changes, whether it’s to try out numerous yachts or to change regions often, are better off sticking with yacht chartering.

For those who don’t want to share and can’t stand the idea of being a co-owner, buying your boat is likely your best option if you can afford it. 

Keep in mind that most fractional yacht ownership programs concern large yachts, like superyachts and mega yachts which require crew. If you enjoy captaining your boat and your friends and family enjoy being the crew, you may lose that aspect of yachting in some way.

The costs of Fractional yacht ownership

You pay your share at the beginning to purchase your portion of the yacht. 

There are no traditional yacht ownership expenses in fractional ownership programs like dockage, moorings, insurance, or boat maintenance costs. But depending on the program you go for, either you will have to pay a certain amount every year to the management company or it will be covered by the charter revenues or a mix of both.

As an example, for a 63-foot yacht with four cabins, some programs offer the cost of the eighth share in the Mediterranean around $180,000 with annual costs for maintenance, crew, insurance, and anchorage around $24,000. Owners will be able to use the boat 4 weeks a year. Another management company offers a California program from $300,000 to $735,000 plus operating costs for quarter shares of vessels ranging from 52 to 82 feet. At this price, the four owners will each be able to use the boat 72 days a year.

The main regions in the world for fractional yacht ownership

Fractional yacht ownership can be done everywhere. 

Popular destinations include Europe, in particular, the Mediterranean and the Caribbean, especially the Bahamas.

Among the main regions in the US for fractional boat ownership, you have Miami and Fort Lauderdale, but also Cape Cod and Nantucket.

Some programs also offer Asian destinations mostly in Hong Kong, Thailand, and the rest of South-East Asia.

Read also : Sustainable Yachting: How is the Boat Industry Becoming more Eco-Friendly?

About to buy a yacht?

Were you thinking about Fractional Yacht Ownership? Our professionals will be happy to help you in your endeavors.

Fractional yacht ownership means that you legally own a portion of a yacht, along with co-owners. Therefore you are entitled to use the yacht based on your ownership agreement and must share revenues and costs with other owners.

It depends on your desires and your personality. If you like changes, try out a different yacht model every year and change frequently of destination, then go for yacht chartering. If, on the contrary, you have a crush on a yacht, want to start owning it at a lower cost, and avoid the management requirements, fractional boat ownership is ideal. Unlike chartering, fractional ownership means you can invite as many guests as deemed safe and as long as you have proper safety equipment on board.

The costs include the purchase price of your ownership share and yearly exploitation and maintenance fees to pay to your management company.

Hard to tell. This depends on your availability if you have time or not to take care of your boat, and your budget. If you don’t want to worry about the management aspects and only have a small budget to invest, go for fractional ownership. If you want to have perfect freedom, use your boat anytime and wherever you want, go for full ownership.

Yes, you can. As long as the share belongs to you, you can sell it whenever you want as long as the agreement doesn’t stipulate anything against it. Be aware that the other owners can also do so.

The most popular regions for fractional ownership are the Mediterranean and the Caribbean. But also, the US and some Asian areas.

You can buy a fraction, or a share, of a yacht. You will be the co-owner, or the fractional owner of the yacht and its cost will be spread among all owners.

Yes, fractional ownership and yacht sharing or even co-ownership are all synonyms. You still become the co-owner of a yacht regardless of how you decide to call it.

A yacht sharing program allows you to co-own a yacht, so that you spread its maintenance cost among all owners. It is also known as fractional ownership or co-ownership programs.

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Own a Superyacht for a Fraction of the Cost

Avyachts’ new fractional program represents an alternative to the hefty costs of sole superyacht ownership and the unpredictable experiences of chartering., michael verdon, michael verdon's most recent stories.

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Want to own a new superyacht at a fraction of the cost of the same boat at the other end of the dock? A new yacht company in Fort Lauderdale is applying features of fractional ownership programs to the superyacht world. Like NetJets and Flexjet have done for business aviation, AvYachts plans to make yacht ownership much less costly while also providing an alternative to the often erratic standards of the yacht charter market. The company is targeting both experienced yachties and those who know nothing about superyachts, other than seeing themselves and their loved ones aboard their own vessel in the world’s most beautiful waters, being waited on hand and foot by their own crew.

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“We’ve set up a very flexible, comprehensive program so that our owners don’t have to deal with crew issues, maintenance, or managing the yacht,” says Kathy Kennedy, AvYachts ’ chief operating officer. “They simply pay a fee and enjoy the best of owning a yacht without the hassles. We’ve designed the program to be simple, transparent, and cost-effective.”

Like business aviation, owners purchase shares in a superyacht so that they are partial owners. Typically, the owners will buy a 20-percent stake that gives them full access six weeks each year for a five-year ownership period, but AvYachts said it is willing to sell a 10-percent stake (for three weeks) or even make other arrangements with potential owners. That, says Kennedy, allows them to enjoy yacht ownership during the five-year contract, and see a return on the investment when the yacht is eventually sold.

The company currently has a Westport 112 as the first boat in its fleet and is acquiring several Westport 130s, mainly because owners have requested the larger models. AvYachts chose Westport because of the benefits that partnering with North America’s largest superyacht builder offers. “We know they will be there if anything happens to the yacht or its engines,” says Kennedy. “We wanted the most stable and reliable provider for our clients.”

AvYachts is starting with a Westport 112 superyacht.  Photo: Courtesy AvYachts

According to the sales schedule, a 20-percent stake in the Westport 112 would cost $1,780,000, as opposed to buying it outright for $8,900,000. The residual value that an owner should receive after five years is $1,380,000. AvYachts takes care of weekly scheduling, maintenance, payment, and rotation of the five-person crew, and other issues that have to do with yacht ownership. Owners pay for any incidentals or costs associated with stocking special foods or drinks during their charters. AvYachts estimates that total annual costs (including crew, maintenance, and operating costs) would be about $340,000 for owners spending six weeks aboard the yacht. Compared to chartering, that could be much less expensive than chartering a yacht of the same size, depending on the charter vessel’s age, brand, and location.

Ultimately, AvYachts plans to base yachts in Monaco and New England for summer charters, and another in Florida for winter charters to the Keys or Bahamas . “Owners will be able to move between the yachts so they can experience different locations,” says Kennedy. “The idea is to mix up the charter destinations while creating a consistent, first-class owner experience.”

AvYachts has also recently partnered with Elite Alliance, a provider of exchange services for luxury vacation homes. Under the agreement, AvYachts owners can exchange a week aboard the yacht for three weeks at a luxury villa or any other Elite Alliance property around the world. “We decided to open it up to other luxury opportunities,” says Kennedy. “Again, the idea behind the program is to be as flexible and transparent as we possibly can, so the owners will make the most of the experience.”

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• Fort Lauderdale
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Superyachting for a fraction of the cost

Fractional ownership schemes are well-known both in the private jet and the holiday residence spheres, and new schemes in the superyacht sector are opening the doors to new owners while adding an element of environmental responsibility.

“I’ve learned that there are two misleading words in this industry – one of them is ‘super’ and the other is ‘yacht’,” tech entrepreneur Jasper Smith told Superyacht Life early in 2021 . “From the public’s perception, it can look elitist and a bit bling.” As a young man, Smith – a keen sailor – had jumped in a boat and sailed from Australia to Alaska via Kamchatka. He climbed mountains along the way, defining what experiential yachting meant 20 years before it became a trend. He went on to own sailing boats, taking his family to far flung destinations and introducing his children to the yachting lifestyle.

The downside to this dream scenario were the months his boat sat in a marina unused, requiring maintenance and costing money. To mitigate costs, Smith decided to share ownership of a boat with a group of friends. It was his first foray into fractional ownership and would prove to be the nucleus of his marine adventure company Arksen , and its Adventure Syndicate .

Jasper Smith

Fractional ownership is not a new concept on land – one only has to think of the ubiquitous timeshare holiday homes dotted all over the world – or in the air, where companies such as NetJets and Flexjet are but two well-known examples. Even in superyachting there have been a few ventures into the concept. Floating Life back in 2007, for example, led the way with the YachtPlus fractional plan for a series of 41-metre yachts designed by iconic land-based architects Foster + Partners, and is currently working on a new fleet of 43-metre fractional ownership yachts.

Others, too, are making strides in this developing area of the market, which provides the luxury and privacy of the superyachting experience at a greatly reduced cost to outright ownership – which in turn opens superyachting to a far wider community of potential clients. There are schemes available with SeaNet Europe , for instance, or AvYachts , which offers typically a 20 per cent stake in a vessel in return for a guaranteed six weeks on board per annum for five years.

Fractional ownership is also a neat fit for the post-Covid rise in demand for yachts, and indeed the first model in Smith’s Arksen 85 range, currently in build at Wights Shipyard in the UK, has been bought by a syndicate of experienced yacht owners who are moving up in size. But there is a lot more to Arksen’s proposition than just offering a floating timeshare, and it speaks to the sensibilities of a new generation of ocean users.

Arksen 85 Tropical

With naval architecture by Humphreys Yacht Design, the all-aluminium explorer is robust enough to operate in areas where there may be ice yet compact enough to classify as a small commercial vessel. It has a 7,000 nautical mile range for remote autonomy, two high-capacity watermakers to generate its own drinking water, and a high-capacity sewage treatment system for operating off grid in environmentally sensitive areas.

“I see the boat as a floating expedition base camp,” says one of the first syndicate owners. “I’m a climber and skier turned sailor, so I am excited about the opportunities for alpine missions delivered from our oceanic mountain hut!”

The Arksen proposition also encompasses the Sea Time Pledge , whereby owners are encouraged to donate a portion of their vessels’ annual sea time to scientific research or educational projects. “The fact that we have committed 10 per cent of the boat’s time to these important projects is great,” says the owner. “It allows the kids to be involved in finding solutions to some of our most pressing issues and for the community to share knowledge.”

Photo: Floating Life

Syndicate owners collaboratively decide on layout, interior design and water toys. One of the most important decisions is agreeing on the four-year cruising itinerary, which is based on the syndicate’s pre-selected cruising area. Boat one chose Global – the other options being the Americas, Asia or Europe – and its 2022 maiden voyage will take in a UK circumnavigation, exploring some of Scotland’s far flung outposts, including Sula Sgeir, North Rona, Sule Skerry and St Kilda.

“We’re cruising from Southampton to Shetland – hopefully taking in the Faroe Islands – and exploring the ‘roof of Scotland’. I’m longing to make a landing on Rockall, which will be a test for the crew, the vessel and my amphibious scrambling skills,” the owner says.

In its first year, the boat will have its capabilities tested in a variety of environments from the backcountry of east Greenland and the Scoresby Sound Fjord system to Caribbean sun and sand. The syndicate also has Finland, Sweden, Norway and Svalbard in its sights, as well as Med-lounging for summer – all seamlessly arranged by Arksen’s concierge arm, the Explorers’ Club.

“It might sound odd for a cutting-edge explorer, but I can’t wait to hit the Med. I love the culture and pace of life. We’re looking forward to exploring Sardinia and Corsica, and visiting friends for more freediving lessons in Greece,” says the owner. “That said, I think the jewel in the crown for explorer yachting must be the Antarctic and I’ve never been, so I cannot wait to head across the Drake Passage for a cruise of the peninsula, seeking out some ski mountaineering routes and visiting some of the old BAS bases.”  

Photo: Arksen

Alongside downtime and family adventures, the owners will welcome a mix of scientific expeditions. Arksen is a founding partner of the Yachts For Science initiative, which matchmakes owners’ vessels with the marine research community. Projects range from collecting data on deep scattering layers, tagging Mediterranean white sharks and monitoring sargassum to gathering marine environment data for the open source ocean data portal OcToPUS.

“We have a raft of scientific programs we’re trying to fit in with our itinerary, which are all vetted by Dr Lucy Woodall at Oxford University,” the owner says. “We have scientists interested in coming onboard to track and study the ‘Type C’ orca population in Antarctica and the Southern Ocean, which would be fascinating to be involved with.”

Arksen’s aim is to create the world’s largest privately owned research-capable fleet that has sustainability at the fore of design and construction and gifts owners the freedom to enjoy their assets to the full. Every Arksen is built in recyclable aluminium, has the option of a serial hybrid drive system, solar panels fitted to reduce the amount of generator run time, and an optimized hull that requires less power, therefore less fuel, therefore less emissions . 

“Exploration means different things to different people,” the owner concludes. “For me, it’s skiing, climbing and voyaging in great company, and the 85 can carry all we need to fulfil my ambitions – equipment, my friends and family, and a good cellar and larder to keep them all happy!” It’s clear that with fractional ownership schemes the traditional barriers to yacht ownership, kinship and the joy that the superyacht life can bring are coming down – and the desire of new owners to take  positive actions on saving the oceans is going up.

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Enjoy Unforgettable Vacations With Fractional Yacht Ownership

Incredible adventures await with our yacht timeshare program, monocle's fractional program is reshaping the yachting world, affordable yacht ownership is a smart lifestyle investment, experience unparalleled value with monocle yachts, yachting is the ultimate luxury vacation – monocle’s fractional yacht ownership program is unparalleled.

Industry-Leader Monocle is Transforming the World of Yachting through Fractional Ownership. Making Yachting Highly Affordable & Saving Owners Millions.

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Cruise the Mediterranean this summer on your own private yacht for less than a charter cost. Why risk your family’s health traveling with thousands of strangers when now is the perfect time to safely cruise on a private yacht at a fraction of the cost. Monocle Fractional Yachts invites you to a one-week trial cruise with your own private crew ensuring an amazing, relaxing and safe vacation. Don’t miss out, call us today! 954-563-5808

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Your yachting vacation is not just about seeing new horizons, vistas, landscapes and seascapes. It is about witnessing glorious sunrises, magnificent sunsets and conversing happily over dinner under the stars with loved ones aboard your own private yacht. With no intrusions from the outside world, you and your family can reconnect enjoying fun filled days swimming, snorkeling and jet skiing in a secluded bay. You can explore beaches or immerse yourself in the local lifestyle creating a family vacation filled with unforgettable moments and a lifetime of loving memories. Monocle’s Fractional yacht program affords you the incredible opportunity to share precious private time with your family and friends in the most luxurious and enchanting settings.

Monocle is headquartered in Fort Lauderdale, Florida; however, our program is global.  The most popular destinations for our fractional yacht program are the Bahamas, Caribbean, the Mediterranean & the American northeast in areas such as Maine, Cape Cod & Nantucket.

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Yacht Share Network – as featured in the Sunday Times – is the world’s largest yacht brokerage dedicated to co-owned yachts representing over 200 yachts in the best global boating hotspots.

We are purposefully not tied to any particular yacht brand as we recognise that our range of differing yachts from all the leading brands offers potential co-owners much more choice, which simultaneously translates to more competitive offerings.

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We have 3 teenage lads, and they just didn’t want to come on holiday with us anymore. However, once there was a yacht on offer that suddenly changed. Now they love to come along and we have wonderful family times together. The boys are great company and we have created lots and lots of new family memories that will remain with us forever.

The yacht share idea always appealed to us, finding a professional and reliable syndicate was harder. I am happy to vouch for Yacht Share Network, they are truly the masters of the universe and make it work incredibly well.

Boating was never my dream however it was my husband Robert’s ultimate goal in life. Sharing meant we managed to achieve a of this and more with a fraction of the cost. We could still take the children skiing and do all the other things a busy family wants to do. When you see your 7 year old swimming in the sea and in the tender shouting faster whilst laughing and screaming you know that holidays are back to being magical. This has been the making of us as a family thank you so much.

I’ve known William for many years and he knew that our boat sat empty in Cannes for most of the time. He suggested we sell some shares instead of just burning cash on moorings and maintenance. Yacht Share Network took her into their fleet and we got ¾ of our capital back. Now we just have ¼ of the running costs, and don’t feel so guilty that we only use the boat about 6 weeks of the year.

I have to admit, I probably love boating more than my wife does so buying a boat was unlikely to ever happen. A boat share however… I got the boss to approve, and a happy wife is a happy life lol!

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Fractional Yacht Ownership

Fractional yachts ownership differs from chartering in that the person who plans to use the vessel will own parts of it. One of the main benefits of fractional yachting ownership is that it can help keep buy-in costs low for a larger yacht and leave the maintenance to a management company.

If you are interested in fractional yachts ownership, AVYachts is the company you can turn to. We offer quality fractional ownership service to those who are dreaming of owning a yacht. Through our service, you can enjoy the conveniences of yacht ownership without the hassle of maintaining the vessel.

The Smart, Cost-Effective Way of Yachting

Some may consider yachts as the perfect holiday home. Nothing compares to exploring the seas on a boat that offers optimum comfort and functionality. That said, not everyone may be able to afford to live the yacht life. This is where fractional yachts ownership can help.

The goal of fractional yachts ownership is to tailor individualized, intelligent, and secure yachting ownership solutions to the needs of anyone who aspires to be a yacht owner. Different from traditional ownership, fractional yachts ownership guarantees your enjoyment of exploring the seas while you get to keep yachting costs to a minimum.

With fractional yachts ownership, you may be able to own a yacht that is bigger than the vessel you may be able to get for your current investment. Fractional ownership also allows you to use the boat as you like and on most days that are convenient for you. The berthing, cleaning, repairs, and maintenance of the vessel will be the responsibility of the fractional yachts ownership company.

Realizing Your Dream of Owning a Yacht

The high purchase price and ever-increasing annual costs associated with yacht ownership are one of the reasons why some of us stay away from it. This reason to avoid yacht ownership is supported by the fact that no one would normally use a yacht 24 hours a day and 365 days a year. With fractional yachts ownership, you can live your dream of owning a yacht at a fraction of the costs.

An Affordable Alternative to Traditional Yacht Ownership

By distributing the purchase and annual costs of yacht ownership with another individual, you can enjoy the benefits of luxury yachting in a way that may be more affordable for you. Those who share yacht ownership may be able to use their vessel in an individualized and flexible the entire year. In addition, they can avoid time conflicts by sharing yacht ownership with a person whose interests align with theirs.

Living the Yachting Life Without Any Hassle

Through fractional yachts ownership, you can enjoy your pressure leisure time at sea while someone else handles all the aspects of yacht management for you. The fractional ownership company will help make sure that the shared vessel is in top condition and arrange maintenance, mooring, and repositioning as needed.

Fractional Yachts Ownership That Fits Your Budget and Lifestyle

Great fractional yachts ownership should be able to provide you with customizable packages that can fit your lifestyle as well as budget. At AvYachts, we give you the choice to be a shared owner for three or six weeks of the year. Additionally, you will be offered the opportunity to sell or trade a week at sea with a week on shore. This is through the privileges of being a Premier Elite Alliance member.

We understand that one size does not fit all in fractional yachts ownership. For this reason, we allow you to choose the size of your yacht as well as the time on board that is the most convenient for you.

Frequently Asked Questions

Where can I use the yacht?

When you co-own an AVYachts yacht, you will have the ability to use it in amazing destinations in your five years of ownership! You can always consult our representative for our destination guide.

What does the quarterly fee cover?

The costs of maintenance, crew service, insurance, and repositioning to locations are included in the quarterly fee.

What are my options if I want to sell my share before my five-year ownership ends?

You have two options. If you realize that our ownership program is not for you within your first year of ownership, we are willing to buy back your share for the 70% of what you paid. Should you wish to sell your portion of the vessel before your five-year term is over, we will do everything we can to help you market and sell it as if it were a full yacht sale.

Reach Out to AVYachts Today

Do you wish to own a yacht without paying its full purchase price? Our shared ownership program at AVYachts may be the best solution for you. Contact one of our staff members now for more information.

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How Does Fractional Yacht Ownership Work?

All of the fun, at a fraction of the price..

Being on the ocean in your very own luxury yacht is an enchanting feeling, one of freedom from daily stresses and an indulgence in your own desires. Much like other recreations, however, boating comes with its share of preparation, continuous upkeep, and unexpected expenses that can sometimes hinder your plans. Chartering a yacht allows you to enjoy the boating lifestyle without the responsibilities, but the vessel has probably been used by many other guests and can be difficult to book. With SeaNet’s yacht sharing program, you can have all of the benefits of yacht ownership without all of the extra hassles.

Fractional yacht ownership is where several people all purchase shares of a yacht that is fully-managed, serviced, and maintained by a professional company, and each owner gets a set number of weeks to enjoy the luxury vessel as they wish. Being a part of a fractional yacht ownership program gives you all of the benefits of owning a yacht, without the hassles and headaches that come with being responsible for the upkeep of a boat. Your shares of the yacht can even be transferred or sold once you have decided to move on to a different program.

The team at SeaNet are pioneers in developing yacht sharing programs that work and have proven time and again to successfully meet our yacht owners’ needs through our unique, tailored system. The brands we have chosen to offer to you are among the finest vessels in the industry and feature the latest trends in style, comfort, and technology. If you’re interested in learning more about a personalized fractional owner program that fits your budget and lifestyle, please use our contact page, fill out the form, and one of our expert sales professionals will be in touch shortly to discuss options.

While there are many advantages to sharing ownership of a luxury yacht, the cost savings is certainly the primary reason that most boaters opt into our program. Many yacht owners only get to use their boat 5-8 weeks out of the year, so why carry the ongoing expenses of maintaining it? Below are a few of the main benefits of sharing a yacht through a SeaNet program instead of owning it outright:

• The entire ownership is turnkey and stress-free. Your yacht is clean and ready to cruise when you show up. When you’re done, there is no additional work required. We handle everything. • Any routine maintenance or repairs are completely covered, relieving you of the hassles of upkeep on your vessel. • Your yacht is professionally maintained by our team who has decades of combined experience. • Yachts that get used more and generally in better shape. If your vessel sits for long periods of time, systems and equipment begin to fail more frequently. • You never have to worry about managing a captain or crew, all of this is done for you. • Our complete yacht management service even includes provisioning, so your boat is fully stocked when it’s time to depart with your guests. • Your share in the yacht can be easily sold or transferred when you’re ready to move on.

Relatively new in the industry, fractional yacht ownership is quickly becoming a popular choice among boaters who want to experience the luxury lifestyle, without the high upfront and ongoing costs associated with being the sole owner of a vessel.

So what kind of yacht can you expect to buy into through a fractional ownership program? “SeaNet only offers the very best quality brands such as Benetti , Sunseeker, Absolute , and Van Dutch,” says Michael Costa, CEO and Founder of SeaNet. “All of our available yachts emphasize enjoyment on the water and total comfort. Whether sunbathing in a tropical destination or enjoying the 360-degree views from the flybridge, you will truly experience the luxury yachting lifestyle.”

New to our fleet of managed yachts available to you as a fractional owner is this stunning 2022 Absolute 62 FLY located in Newport Beach, California.

The new 62 FLY by the Italian luxury builder, Absolute Yachts, offers an inviting combination of performance, handling, exterior social areas, and interior comfort. Whether you are entertaining important guests for a night out under the stars, or cruising for several nights on an on-water vacation, the 62 FLY delivers in all aspects. There are four cabins on board, including a tremendously spacious and well-lit master suite, that all offer total comfort and plenty of storage. Enjoy the luxury yachting experience with SeaNet’s professional management services at a fraction of the cost with our exclusive yacht sharing program.

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Simple Flying

What does fractional jet ownership cost in 2024.

Fractional owners enjoy the perks of using their own aircraft without the financial burden of outright ownership.

• Fractional ownership allows flexible jet use at lower costs than owning a jet outright.
• The business model is successful with operators like Netjets, which have over 700 aircraft available for use by their clients.
• Shared ownership costs typically start around $350,000 upfront plus $2,000/hour but depend heavily on aircraft type and the negotiations between operators and prospective owners.
• Much like full ownership, it provides tax benefits and security. However, like chartering, it also allows upgrading jet classes or having a replacement aircraft if there suffers technical downtime

Private aviation has numerous perks, most of which allow jet owners or those who charter them out to travel within hours' notice without the usual hassle of airport security, check-in lines, and relying on set airline schedules. Therefore, It is understandable that high-ranking corporate individuals, athletes, and artists favor them over premium airline products.

On the one hand, altering our jets will allow privacy and enhanced flexibility; it is often the most cost-effective way to experience private aviation. On the other, owning a plane comes with extreme flexibility - you can even choose your livery. It can be costly, with the most popular super-midsize jets costing around $10,000,000 per second hand, according to broker Globalair.com . There is a middle ground, however, called fractional ownership. Today, we shall look at how much this would cost in 2024.

What is fractional ownership, and how is it done?

To better understand how much fractional ownership would cost today, let's first define what it consists of. We covered this in-depth in a previous article last year in 2023, but let's review the most critical details again. Fractional ownership is divided into shares, meaning the fraction of the jet you would own. Most operators will offer 1/16, 1/8, 1/4, or 1/2 shares, expressed into flying hours, respectively 50, 100, 200, and 400 hours per year. The ownership term is five years; in the end, you can sell back your jet's ownership at market value.

A customer wishing to benefit from such ownership has several options when choosing operators. The most popular is Netjets. This private airline has two main entities, Netjets Europe and Netjets USA. They are widely considered the world's most considerable fractional ownership by fleet size, with 750 jets. According to their website, customers who own a plane with them get several guarantees, the most important being when the customer's jet is available, they will provide a similar model or upgrade them to the next jet class at no additional cost.

Other than NetJets, there are different operators like Flexjets in North America and the Middle East, as well as Jetfly in Europe. Another critical benefit relates to taxes, according to Volato , which come with tax benefits similar to full ownership. If purchased for business use, fractional owners can write off all or a portion of the costs as a tax deduction in certain countries.

Ways to fly private:

• Outright ownership
• Fractional ownership
• Jet cards and other membership programs

What are the actual costs of shared ownership?

The actual costs of fractional ownership are private and depend heavily on individual negotiations between the prospective owner and the broker or operator. However, private aviation specialist Stratosjets has explained the approximate costs of this type of ownership. Initially, prospective owners are required to make an upfront payment. This is similar to what is done in cars or housing. It typically costs around $350,000 per person involved. In addition to the upfront fee, jets have several operating costs, corresponding to $2,000 per hour.

Considering this industry norm for base ownership in flight hours, which is 50 hours per year, this would amount to an annual operational cost of around $100,000. These baselines depend on the aircraft type. As a reminder, there are several types of private jets available to own and charter:

• Very light jets seat up to four passengers and typically cost around $2,5k an hour to operate - an example is the HondaJet.
• Light jets: seat up to 6 passengers and usually cost around $3k/h to operate - such as the Cessna Citation XLS
• Medium jets: seat up to 12 passengers and typically cost around $4,500/h to operate - such as the Challenger 3500
• Large Jets: seat up to 19 passengers and usually cost around $10,000/h to operate - such as the Global 7500

Each category has increased range, with large jets typically used for transoceanic long-haul flights. These include the Gulfstream G650ER or the Bombardier Global 7500; they are the operator's flagship aircraft. Medium jets used for transcontinental flights are the most popular, along with light jets. They are the operators' backbone and comprise most of the worldwide fleet.

Private Jet Operating Costs: A Brief Guide

Bottom line.

Fractional ownership, also known as shared ownership, is one of the most popular options for using private jets, and this is still valid in 2024. Owning a plane outright can cost tens of millions of dollars, excluding operational costs such as salaries and maintenance. Shared ownership, therefore, offers a more viable alternative for jetsetters wanting the flexibility of charter operations with the benefits of full ownership without the financial burden of the latter.

With operators like Netjets having recently made a giga-order, it is safe to assume that it also represents a viable business model for operators, meaning the option will remain available for prospective clients for the foreseeable future.

What do you think of fractional ownership? Is it worth it in 2024? Also, what is your favorite business jet and why? Let us know in the comments below.