What factor primarily influences the affordability of fractional ownership as compared to outright ownership?

The affordability of fractional ownership is primarily influenced by the extent of flight hours anticipated. Fractional ownership allows multiple owners to share the costs and use of an aircraft based on the hours they expect to fly, significantly reducing the financial burden compared to outright ownership, which requires the owner to cover all expenses regardless of how much the aircraft is used.

By purchasing a fractional share, an owner commits to only a portion of the aircraft's total cost and is responsible for only the fraction of operating costs that corresponds to their share. This model is particularly beneficial for those who do not require full-time access to a private aircraft, thus making it a more cost-effective option for individuals who want to enjoy private air travel without the higher upfront investment associated with outright ownership.

Considering the other factors, while the quality of the aircraft and its resale value can impact overall ownership satisfaction and investment, they do not directly affect the immediate affordability in terms of usage costs. The location may influence operational costs due to varying fees and regulations, but again, it is not the main driver of affordability in a fractional ownership scenario. The anticipated flight hours directly correlate with how much an owner pays and how economically they can access the aircraft, making this the key factor in affordability.