On Tue, 11 Sep 2007 10:56:01 -0500, "Gig 601XL Builder"
wrDOTgiaconaATsuddenlink.net wrote in
:

Larry Dighera wrote:
On Tue, 11 Sep 2007 08:22:51 -0500, "Gig 601XL Builder"
wrDOTgiaconaATsuddenlink.net wrote in
:


You say that like Fractional ownership is a new thing. It has been
around for years. We just called it partnerships and flying clubs in
the past.

You are obviously unaware of the recent regulation changes concerning
fractional ownership. You can start your research he



I'm well aware of it.

Well then you've probably noticed that, unlike in the past decades, in
the last few years there are many commercial enterprises and aircraft
manufacturers offering fractional GA aircraft ownership and management
programs:

http://en.wikipedia.org/wiki/Fractional_ownership
Aviation
The term fractional ownership originally became popular for
business jets. Richard Santulli of NetJets pioneered the concept
of allowing businesses to purchase shares in a jet to reduce costs
— other companies such as Citation Shares, Flight Options and
Flexjet soon followed. With a fractional jet plan, members will
typically fly in any jet available, not necessarily the one in
which they own shares. The management company will reposition jets
as necessary and provide flight crews. Companies with greater
needs purchase larger shares to get access to more time.

The fractional-ownership concept has since been extended to
smaller aircraft and has now become common for single-engine
piston aircraft like the Cirrus SR22, which are beyond the
financial means of many private pilots. The same concepts apply,
except that the management company may not provide flight crews
nor reposition the aircraft.

Fractional ownership has played a significant role in revitalizing
the general aviation manufacturing industry since the late 1990s,
and most manufacturers actively support fractional ownership
programs.

http://www.netjets.com/
http://www.aircraftinvestmentgroup.com/article_01.htm
http://www.tsbureau.com/fractionalaircraftownership.htm

That doesn't really change the fact that fractional
ownership is an evolution of partnerships and clubs as opposed to a
revolutionary change in ownership. In fact what you posted pretty much
explained how one came from the other.

The reasons regulations had to be propagated was because you basically had
one partnership leasing planes to members of other partnerships. This
basically made fractional ownership a sort of hybrid of clubs and
partnerships.