Private jet fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. For example, a 1/8th share entitles and aircraft Owner to 100 flight hours annually, which is approximately 50,000 miles.