Aircraft management specialist Altiora has announced the launch of a co-ownership programme centred on light and midsize business jets.
Unlike conventional fractional programmes, owners retain their aircraft and crew rather than accessing a shared fleet. Altiora matches members with a limited number of co-owners based on their schedules and missions.
The programme will initially focus on light and midsize jets. “Those are the segments where our members' typical mission profiles and utilisation rates make shared ownership most economical,” founder and CEO Masoud Gerami told ch-aviation, adding that additional types are under evaluation as the programme scales.
Altiora's co-ownership programme will initially target California and the US southwest. “We see the strongest concentration of demand there,” Gerami added. Expansion into other regions is under active consideration.
All participating aircraft are privately owned and held in dedicated ownership structures on behalf of the co-owners, operating under Part 91 regulations.
Owners are free to place an aircraft under a Part 135 certificate, although Gerami believes co-ownership offers a more efficient way to offset ownership costs. “The premise of the programme is that sharing an aircraft with the right partner is a more efficient way to reduce the cost of ownership than putting the airframe into charter service and absorbing the added hours, wear, and scheduling constraints that come with it,” Gerami explained.
