describe fractional ownership of a small aircraft fleet
Fractional ownership of aircraft Fractional Aircraft is a common term for fractional ownership of aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. Commercial programs for large aircraft include NetJets, Flexjet, Flight Options, PlaneSense, Executive AirShare, AirSprint and Autumn Air.
Corporation Where local law distinguishes corporations by ability to issue stock, corporations allowed to do so are referred to as "stock corporations", ownership of the corporation is through stock, and owners of stock are referred to as "stockholders" or "shareholders". Corporations not allowed to issue stock are referred to as "non-stock" corporations; those who are considered the owners of the corporation are those who have obtained membership in the corporation, and are referred to as a "member" of the corporation.