Toronto Star

Here’s how rich you have to be to fly comfortabl­y

- THOMAS HEATH THE WASHINGTON POST

Speaking of air travel, there is an alternativ­e to putting up with the pat downs, long lines, constant waits, cancellati­ons and the passenger mistreatme­nt you’ve been reading about recently. But it will probably cost thousands of dollars per hour.

We’re talking about fractional ownership in private jets. James Butler is an attorney with a one-man shop in Bethesda, Md., called Shaircraft Solutions. Butler, 58, has created an enviable, 20-year niche negotiatin­g contracts on behalf of the one-percenters who can afford to own a piece of a private aircraft.

Butler’s dozens of clients include big-time financiers and sports-team owners, business executives and just plain wealthy individual­s who want to smooth out some of the rough edges of travel. One couple hired him for a fractional deal just so their dog could fly with them in the cabin.

Private air-travel contracts run can from $1.8 million (U.S.) to tens of millions. “These are big-dollar deals,” Butler said. “Say you are buying 50 hours on a mid-size jet. Fifty hours a year for five years, you can end up spending more than $1 million just to purchase the share. So you own an asset.

“Then, over five years, you pay a monthly fee of over $10,000 a month. Then you pay an hourly operating charge when you are in the plane. That can be from $5,000 to $25,000 an hour.”

Butler helps with the contract in a few ways. He negotiates the deal so the jet providers do not “round up” a 40-minute flight from D.C. to New York into an hour.

Butler likes his niche. He invents his work schedule, lives a short drive from the office and has helped raise their two children — all while being his own boss. He earns a comfortabl­e, six-figure income, but is it enough to fly private aircraft?

His answer: “Not unless somebody takes me on their jet.”

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