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Fraction Action

Can't afford an entire jet? Try winging it with a piece of one.

This story appears in the April 2003 issue of Entrepreneur. Subscribe »

Think a private jet is too expensive for your business? Thinkagain. "There are a number of new fractional-ownership optionsfor people without huge travel budgets," says Joe Moeggenberg,president of the Aviation Research Group, an aviation consultingcompany in Cincinnati.

The options-the equivalent of owning a timeshare in a plane-arebecoming popular among small-business owners. A recent study byJ.D. Power and Associates found business aircraft use increased 44percent in the past year. Why? The study concluded that privateaircraft can save a traveler one whole month per year that wouldotherwise be wasted in transit. Here are some options:

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