When purchasing a corporate jet or company jet it is necessary to determine if you are purchasing the aircraft as a sole owner or if you are intending to be a co-owner of the aircraft. Each has its own set of issues related to the ownership.
A sole owner of a corporate aircraft or business jet means the company or person owns 100 percent of the aircraft and does not share in the ownership. This is by far the best way to own a corporate jet as it affords the owner the great benefits and flexibility. This allows the owner to use the aircraft at any tie and for any reason and it need not be shared with other owners and their needs and uses of the aircraft. This also allows the owner to have full control over the management of the aircraft including maintenance, safety and security and the amenities that the aircraft will have. It has been stated that if you intend to use the aircraft for 250 hours or more of travel it is beneficial for your company to won its own jet. This is merely a guideline of course and not meant to be a rule. Many companies use business jets for less or more.
if you are in a co-ownership situation this means that the owners all own a portion of the aircraft but are still responsible for the costs associated with its use. many companies handle their own costs and use, but it is also a common practice to have a management co0mpany provide all of the needs of the aircraft. If in a co-ownership role, it is not quite as flexible in the travel schedule and the personal use of the aircraft. It is important that this not be confused with joint ownership or partnership roles of ownership. There may be benefits or other business, legal or tax reasons for the different types of ownership and these should be flushed out before making your next purchase.