Govt to allow fractional ownership of business jets and helicopters

The civil aviation ministry has decided to allow fractional ownership of business jets and helicopters to spur the growth of non-scheduled operations in the country.

Fractional ownership of business planes and helicopters is akin to a timeshare holiday and will allow owners to fly a fixed number of hours per year based on their investment.

Charter companies offer jet card products that allow users to fly a fixed number of hours against an advance payment. Companies in India have offered fractional ownership models too, but these have not taken off as regulations do not allow for multiple ownership of an aircraft.

Civil aviation