Companies use private aircraft to save time and money

The Daily Press in Newport News, Virginia, features a story about fractional ownership of aircraft by an expanding number of businesses.

Fractional ownership allows companies to share jet aircraft, reducing the cost that would normally place owning a private aircraft out of reach.

A senior vice president from Bank of America's Corporate Aircraft Finance division refers to private aircraft as "time machines", meaning that they give their owners greater flexibility with travel when conducting business.

Do you use an plane through a fractional ownership plan? Leave a comment and tell us about it.