Would you like to own your very own share of this aircraft?

DESTINATION AIR PARTNERS

A unique and exciting Boeing 747SP fractional ownership concept which has never been attempted before and which has the potential to create a completely new market niche. This is a variation on the “time-share” ownership concept pioneered by real-estate and resort developers and allows the average airline-weary world traveler the opportunity to own his very own Boeing 747 at a very reasonable purchase and ownership cost.

Background and History

Going back to the late 1960's and the early 1970's, a few hardy groups of like-minded people who had only one thing in common: their love of flying, travel and exploration - joined together to create several Air-Travel Clubs.   The purpose of these early flying clubs was to avoid the cost and hassle of being tied to the Scheduled Airlines and their inadequate service, and to provide economical and convenient air travel opportunities to destinations all over the world - and do so in the company of others with common interests. In other words, to have fun, see new places, meet new people and create lasting memories. These Flying Clubs, such as World Airways, Oasis Air, Adventure Air, and Ports of Call Denver were governed by aviation regulations promulgated by the C.A.B., the predecessor of today's Federal Aviation Administration, and these regulations were in some ways more lenient than those controlling the Scheduled Airlines. This gave the flying clubs an operational advantage, and a slight economic advantage.

As the nation's airlines grew in wealth and political power, they became frightened of competition from the Air-Travel Clubs and by using their clout they forced new F.A.A. Regulations. This had the effect of shutting-down the way these clubs operated and caused those which survived to go into the Air Charter business and form alliances with large travel agencies and tour operators.

This then is the effective state of today's airline industry. On one hand, the large (and getting larger through mergers), Scheduled Airlines with their Mega-hubs and affiliated Regional Airlines; and on the other hand, the On-Demand, Non-Scheduled Charter Airlines, who provide low-cost, no-frills service for those groups able to charter the whole aircraft and pay on a per hour/per-trip basis.

All of these Airlines, Scheduled and Charter alike, which operate large (over 100 seat) aircraft, now effectively fall under the same F.A.A. Regulations - Part 121. These regulations govern all aspects of airline operations by U.S.Certified air carriers and air charter companies and are very strict. They cover all airline safety issues, from maintenance, crew qualifications and aircraft equipment, to management, scheduling and weather requirements. This now places all operators on an equal basis as far as operation, safety and cost of compliance is concerned.

On the complete other end of the air travel spectrum, stands Executive Aviation. This consists of all types of corporate aircraft: twin-engine, cabin class, turbo-props and jets - all with one thing in common, the ability to go when, where and how the owner desires, all in first-class comfort and with first-class service. The key for entry into the Executive Travel world is to purchase an aircraft, hire the pilots and pay the price each month, or to find a reputable Executive Air Charter company and pay for the aircraft and crew on an hourly basis, per trip, only as it is needed.

Beginning in 1988, a company that was then one of the largest executive air charter companies in the country operating a large fleet of corporate jets, such as Learjets and Gulfstream jets, named E.J.A. - Executive Jet Aviation of Columbus, Ohio - had a vision for a totally new concept of Executive/Corporate aircraft ownership. Traditionally, the only options available for those wealthy individuals and corporations who wished to fly in corporate aircraft, was either to charter or purchase the plane outright. Charter was less expensive when utilization was infrequent, because you only paid when you flew and then only for the number of hours flown. But due to this, charter was also much more expensive on an hourly basis. Direct ownership was more costly overall, because the owner paid not only to buy the aircraft, but also for hangar, crew, fuel, maintenance and insurance. But, if the owner flew many hours, or had immediate need for availability, this method of ownership was the most cost effective, overall.

E.J.A. changed all that.  They came up with a new concept of joint-ownership that combined all of the best features of charter with the pride of outright aircraft ownership, and then coined the term and invented the concept of: "Fractional Ownership", which was an interesting variation on the real estate time-share theme. This new company was called Netjets and today, along with programs at Raytheon (Beechcraft), Cessna, Bombardier (Learjet and Challenger), and others over 5,500 fractional owners are flying in over 500 aircraft. Experts predict that the U.S. market alone has the potential to grow to over 20,000 owners and over 2,500 aircraft in the next 10 years. Warren Buffet of Berkshire Hathaway Corporation was so excited by this concept that he paid over $1.0 billion for NetJets in 1998, and United Airlines just announced plans to enter this lucrative market with 20 new corporate jets. All of this, even though the cost of entry for a 1/4 or 1/8th share of a corporate jet exceeds $ 1,000,000 to purchase and more than $ 10,000 per month and $1,000 per flight hour to operate. Also unknown is the future resale value for these fractional shares, which until now has been excellent. All told, fractionals now account for an "all-new" multi-billion dollar aircraft travel market.

Twelve years ago no one had any idea that such a market even existed, let alone that it could possibly be as large as it is.  These "fractional owners" are largely wealthy individuals and companies who are brand-new to aircraft ownership, and the opportunity to own a 1/4 or 1/8h share of their own corporate jet or turboprop, without any of the day-to-day ownership hassles, is exposing a never before considered segment of the market to the convenience and excitement of aircraft ownership.  

 (To Learn More, Please See Pages 2 through 5!)

Scottsdale, Arizona USA

Phone: 480-947-5970   Fax: 480-947-5973