The originator of the fractional ownership concept was Richard Santulli who pioneered the latest NetJets program and started this concept in 1986. Fractional ownership was developed to make business jets more affordable to companies that couldn't justify the cost of whole ownership of an aircraft. The concept made all the costs fixed, provide over 90% availability, and only have to purchase the hours you need per year in the aircraft. Why buy the whole pie when all you need is a piece, and now you can pay for just the piece and still be an owner.
Since Ascension's inception in 2004 the firm has excelled in financing, selling and managing private aircraft. Having overseen more than $20 million in aircraft transactions, and with the most successfully type of aircraft for Ascension being the Cirrus, it made it possible to be named a Cirrus official fractional ownership partner. Developing a fractional program that provides the benefits similar to corporate jet fractional programs that has not truly existed in the piston market till now, which allows the financing of shares and provides a higher level of concierge services to clients.
Its not only a fact that you can fly a brand new aircraft but also the best selling and leader in latest technological advancement available for the price of a one or two decade old aircraft.
The chart in the next column shows how Ascension and Cirrus have made it possible to own a share in a new SR22T for less than a 20 year old airplane, it also compares purchasing the closest comparison new:
Assumptions:
1 80% LTV, 10 Year Amortization Schedule, 6.05% Interest Rate for the C182 & 80% LTV, 20
Year Amortization Schedule, 6.05% Interest Rate for New Corvalis
2 All average fixed costs are based upon a Four Year Ownership Period3 Used Aircraft assumes
a $100,000 Purchase Price. 3 Ascension’s Fractional Program is based upon a 1/8 Share in a
2011 Cirrus SR22 GTS Turbo.
No longer worry about ownership responsibilities involved in owning an aircraft or hassles that come with it, Ascension Air's professional staff will be fully managing those responsibilities for you. Responsibilities including but not limited to:
Share Sizes start in 1/8th ownerships that allow 80 flight hours per year. For information on larger share sizes and pricing, please contact our sales staff at sales@ascensionaircraft.com or 1-888-99-ASCEND.
