With the rising costs of second homes, fractional ownership is really an affordable alternative.

We are doing both fractional and whole ownership.

With a timeshare a person might only get a property for one or two weeks a year. With fractional ownership you might get it for one-tenth or one-sixth of a year.

More troublesome is the inability to find affordable starter homes.

Clients with fractional aircraft have to be a very wealthy individual because the charter costs are double or triple a smaller plane.

[Out of this has grown the phenomenon of] fractional ownership, ... Some corporations, maybe three, four or five, will go together and own a couple of corporate aircraft. They'll hire a staff of pilots and mechanics to run the aircraft. It's like calling for a taxi, and you fly point-to-point instead of hub-to-hub.