SkyShare Plans Acquisitions for Fractional Growth
SkyShare, based in Ogden, Utah, is making strategic moves to accelerate growth in the fractional ownership segment by acquiring a business charter operator with a fleet of between seven and fifteen aircraft by the end of 2025, according to CEO Cory Bengtzen in an exclusive ch-aviation interview. The company, known for its focus on fleet versatility and cost efficiency, is using a two-phase acquisition strategy to bolster its offerings and broaden its national reach.
In the initial phase, SkyShare plans to complete its first acquisition in 2025 using internal funding. The ideal target is an operator based in the western United States whose owners are prepared to exit their business. While the new partner does not need to operate the exact same aircraft types, compatibility remains key. Bengtzen explained that acquiring an operator with light jets such as Phenoms or similar models would complement SkyShare’s existing fleet, which currently includes a mix of PC-12s, Citation Jet 2s, Citation Excels, G200s, and a Phenom 300E. The goal is to enhance the fractional programme without significantly altering the current range of available aircraft, ensuring that the combined fleet continues to deliver both versatility and cost savings.
Once the initial acquisition is successfully integrated and new customers are onboarded, SkyShare intends to secure external funding in 2026 to pursue a larger strategic acquisition of a fractional ownership operator. This move is designed to support a nationwide expansion of its fractional programme, with the long-term aim of becoming a top-10 operator by hours flown in the United States within the next five years. According to Bengtzen, the second phase of acquisitions will focus on operators with models that closely match those already in the fleet, creating operational synergy and reinforcing the company’s competitive position in the market.
SkyShare’s business model is built on a diversified approach that encompasses fractional ownership, charter operations, and aircraft management. The operator originally launched its fractional and charter business with PC-12s and has since expanded to offer a wider range of aircraft sizes to cater to different customer needs. In 2024, the company reported that 98% of its flights were operated using its own fleet, highlighting its commitment to efficiency and cost control. This integration of managed and fractional fleets minimizes the need for expensive off-fleet charters while allowing the company to offer flexible options to clients.
To further tailor its services, SkyShare recently segmented its fractional offering into three tiers. The SFX-12 tier includes only PC-12s, while SFX-Jet encompasses Citation Jet 2s, Citation Excels, and the G200. The newly introduced SFX+ tier features the G450, with plans to negotiate the acquisition of an additional G450 to support the programme. This tiered structure is designed to lower the entry barrier for prospective fractional owners while ensuring that a diverse range of aircraft meets varying operational requirements.
Bengtzen emphasized that the versatility of the current fleet enables customers who might typically require larger jets to opt for more efficient alternatives when appropriate. With an asset-light strategy and recent adoption of Part 91-K FAA regulations—which help avoid additional federal excise taxes—SkyShare is well positioned to capture further market share in both traditional and emerging regions such as Utah and the mountain states.
Related News : https://suspicious-zhukovsky.67-21-117-18.plesk.page/?s=SkyShare
Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com