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"Affordable" aircraft ownership

WHAT IS BEING billed as "the most affordable executive aircraft ownership scheme in the UK" is being promoted by Kent-based Atlantic Bridge Aviation. Its low-cost fractional ownership Air Share programme claims to bring private air travel within reach of many more companies.

"We are breaking new ground in the UK by offering shares in carefully selected and affordable Cabin Class executive aircraft," says managing director Jonathan Gordon.

Shares are sold in one-eighth blocks of 12.5 per cent. Each tranche costs between £20,000 and £30,000, and must be held for a minimum of five years when it can be sold at fair market value. There is also a guaranteed buy-back at 60 per cent of the original investment. The maximum shareholding is 75 per cent.

Each 12.5 per cent entitles the owner to 40 days' use of the aircraft, or similar aircraft in the Air Share programme. Users pay the direct cost, plus 15 per cent whenever they fly, and there is a monthly management fee of £1,000 for each one eighth share owned. RE themselves for a sustained