AirSprint restructures fractional aircraft offering
North American fractional jet operator AirSprint has restructured its fractional programs, with the aim of offering clients "more certainty, flexibility and value than traditional charter and management companies".
The company is aiming to mitigate against the capital depreciation risk of aircraft by offering a guaranteed rate of depreciation on the value of its fractional interests, complimented by a zero capital entry option for clients who wish to avoid capital costs.
These options are available in both the Citation CJ2+ and the Citation XL/S jets. Clients are only invoiced at the time of their flight; based on occupied hours in the aircraft. AirSprint has also restructured its monthly management fee to an annual management fee.
AirSprint president Chris Richer (pictured) said: "We wanted to ensure that AirSprint's product offerings remain responsive to the demands of the market and relevant in a very competitive environment."