en.Wedoany.com Reported - Altiora, a boutique private jet management company based in Los Angeles, launched a co-ownership program for aircraft on July 14, 2026. The program aims to serve aircraft owners and operators in California and the Southwest, enabling owners who want the economic benefits of shared ownership but are unwilling to give up their own aircraft to reduce fixed costs by hundreds of thousands of dollars annually.

This model addresses common pain points in traditional fractional ownership programs: owners do not need to purchase a fleet share but instead match with a small number of vetted co-owners whose travel schedules are complementary. Owners retain their own aircraft, tail number, and crew, and all partners mutually approve each other before signing documents. Altiora manages the entire arrangement, from scheduling to cost allocation and exit terms.

The program also applies to owners looking to offset costs through chartering their aircraft. Charter revenue brings issues such as strangers in the cabin and accumulated flight hours on the airframe, while vetted co-owners provide cost savings without turning a personal aircraft into a rental asset. Masoud Gerami, founder and CEO of Altiora, stated that many potential buyers report insufficient flight frequency to justify the expense of owning an entire aircraft, and co-ownership fills this gap. Owners fly their own aircraft with their own crew at a fraction of the cost.

Before founding Altiora, Gerami established the iced tea brands Heart of Tea and Shelf Keepers. Both businesses were built on the same foundation that Altiora applies to aircraft ownership: managing complex logistics, rigorous cost control, and earning long-term trust through service. Altiora has a pool of pre-screened co-owner candidates covering light, midsize, and large cabin jets, with partnerships beginning through a confidential, no-obligation assessment.