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Is fractional ownership a timeshare?

April 26, 2017fractional ownership Timeshare

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Is fractional ownership a timeshare?

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No, fractional ownership does not utilize the timeshare provisions as defined under FAR 91.501(c)1. A timeshare is a wet lease and includes crew, with limited reimbursement as specified in FAR 91.501(d) 1-10. Fractional ownership is an overall concept utilizing (1) shared ownership, (2) exchange of dry leases, which allows the exchange of aircraft between owners, and (3) use of a management company.