<Table> <Tr> <Td> </Td> <Td> This article contains content that is written like an advertisement . Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view . (September 2013) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article contains content that is written like an advertisement . Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view . (September 2013) (Learn how and when to remove this template message) </Td> </Tr> <P> Fractional Aircraft is a common term for fractional ownership of aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft . Commercial programs for large aircraft include NetJets, Flexjet, Flight Options, PlaneSense, Executive AirShare, AirSprint and Autumn Air . </P> <P> With fractional jets, customers (referred to as "owners") buy a "share" of an aircraft, rather than an entire aircraft . The price is pro-rated from the market price of a full aircraft . Owners then have guaranteed access (for 50--400 hours annually or a certain number of days of the year, depending on share size) to that plane, or a similar plane in the operators fleet, with as little as four hours' notice . Fractional owners pay a monthly maintenance fee and an "occupied" hourly operating fee . Usually the latter is charged only when an owner or guest is on board, not when the plane is flying to a pick up point, or returning to its home base after completing a flight . </P>

Describe fractional ownership of a small aircraft fleet