SkyShare Introduces Flexible Financing

Private aviation company SkyShare is marking its 15^th anniversary in a big way: By debuting what it views as a refreshing new approach to financing fractional ownership. “Affordable” isn’t a word that comes to mind in the bizjet world, but for some, SkyShare’s payment plan makes financing manageable in a way that it hasn’t been before.

Fractional ownership already massively lowers the barrier to entry for private flight by cutting costs as much as 1/16 versus full-ownership, while still providing guaranteed availability and a low-commitment three-year term. But under SkyShare’s new financing plan, potential owners can now kick that barrier to entry down even further with a significantly reduced initial investment. 

Recently, SkyShare launched the SFX+ program, expanding its fleet with Gulfstream G450s and Challenger 300s, in addition to its existing fleet of Pilatus PC-12s, Citation CJ2s, and Citation Excels that make up the SFX program. The new finance options make it easier for leaders and entrepreneurs to access private aviation while retaining capital in their businesses.

For example, in the SFX program, shares start at $335,000. The new financing program requires only 35% of that down ($117,250) and monthly finance payments as low as $2,354. For the large-cabin SFX+ program, shares begin at $950,000, with financing options starting at a $332,500 down payment and $6,684 monthly finance payments. In conjunction with the financing announcement, SkyShare has also revealed a reduction in monthly management fees for the SFX program.

SkyShare is based in Utah and maintains an FBO in Ogden. “The majority of our clients are based in Utah, simply because that's where the company was founded,” said SkyShare’s founder and CEO Cory Bengtzen. “On our fractional side, we service all the western 11 states. We have a lot of flights going from here to Lake Powell, Scottsdale, Vegas, and Southern California. On the charter and brokerage sides, we’re worldwide.”

Bengtzen is bullish on summer travel: “We've seen the demand, especially in the last month, really pick up, both on our aircraft sales side and our fractional ownership side,” he said. “Year over year, we’ve been increasing pretty significantly and we're on track to have another profitable year and another growth year, so I’m pretty excited about what's going on.”