The term of your co-ownership in the CJ4 will continue for 5 years, at which point Jet OUT will refurbish your aircraft and market it for resale as your broker. The aircraft will be sold to a third party in an arms-length transaction, the net sales proceeds will be distributed to you at closing, and the co-ownership term will then end automatically.

You will also have two options for selling your co-ownership interest back to Jet OUT early, at the 3rd and 4th anniversary of purchasing your co-ownership interest.

Your co-ownership interest is an asset that you own, and we believe that you should be able to resell it at your pleasure. You are able to transfer your co-ownership interest to a third party at any time with Jet OUT’s consent, which will not be unreasonably withheld.

Our co-ownership program is turnkey and we believe that end of term should be as automatic and seamless as using the aircraft. Accordingly, Jet OUT carries out an end of term procedure that ensures that the resale value of your aircraft is maximized without requiring any investment of time and effort on your part.

At Jet OUT’s expense — Jet OUT carries out a refurbishment of your aircraft with the intention of maximizing the resale value of your aircraft. Jet OUT then obtains an appraisal of your aircraft from a third party and shares it with you and the other co-owners. If you or other co-owners object to the appraisal, the co-ownership agreements provide for a resolution process which allows you or other co-owners to submit your own third party appraisal. Jet OUT then markets your aircraft for resale as your broker in an arms’ length transaction and administers the sale and closing of your aircraft. Jet OUT will find a buyer who agrees to pay a purchase price which is no less than 3% less than the appraised fair market value. At closing the net sales proceeds are distributed to the co-owners in proportion to their ownership fraction.

In the Jet OUT co-ownership program, fuel is a direct pass through. You pay the actual cost of the jet fuel consumed for your flights with no additional mark up. An original copy of each fuel receipt is attached to your monthly billing statements.

You benefit directly from any volume fuel discounts that Jet OUT receives from FBOs and airports. Our Concierge team is always happy to work with you to reduce your fuel costs by suggesting lower cost airports or FBOs.

Because fuel represents approximately 30% of the total cost of ownership of the CJ4, a 20% increase in fuel costs translates to only an approximately 6% increase in your cost of ownership.

The only limits on baggage are practical — i.e. your bags must fit in the baggage compartments of the aircraft and Jet OUT must observe certain Federal hazardous materials rules and ensure that your airplane remains within its weight & balance limitations. There are no additional fees for baggage.

The CJ4 has two baggage compartments, one with a capacity of 600 lbs. and 56 cubic feet, and one with a capacity of 400 lbs. and 15 cubic feet. It is possible to accommodate large items like golf clubs and skis.

Your Jet OUT sales representative can help answer any specific questions you may have about baggage limitations.