Fractional Ownership For Light-Sport Aircraft

If you think of Citations, Hawkers and Challengers when you think of fractional ownership, it’s time to think again. A fractional ownership program is coming to the far opposite end of the aviation spectrum as LetsFly.org puts together quarter-share ownership arrangements for three types of Light-Sport Aircraft (LSA): the Zenith 601, Zenith 701 and the Zephyr. “There is no other way someone can fly less expensively than this,” said LetsFly.org CEO Eldon Corry. For as little as $900 up front, one can be in the pilot’s seat of an airplane he or she could eventually own.

If you think of Citations, Hawkers and Challengers when you think of fractional ownership, it's time to think again. A fractional ownership program is coming to the far opposite end of the aviation spectrum as LetsFly.org puts together quarter-share ownership arrangements for three types of Light-Sport Aircraft (LSA): the Zenith 601, Zenith 701 and the Zephyr. "There is no other way someone can fly less expensively than this," said LetsFly.org CEO Eldon Corry. For as little as $900 up front, one can be in the pilot's seat of an airplane he or she could eventually own. LetsFly.org offers two basic programs. Under the $900 plan, the up-front contribution mainly covers insurance and allows the pilot to access the aircraft at a dry rental rate of up to $50 an hour depending on the type of aircraft flown. Half of that rental fee goes into a purchase account to start paying off the cost of the quarter share. For $2,900, the pilot takes ownership of the quarter share and pays off the balance through a private loan. The full quarter-share price is expected to be less than $25,000. The company already runs similar programs using Tiger and Alarus certified aircraft through 60 flight center distributors and expects a lot of interest in the LSA option.