Dubai-based aircraft management and charter company Jet Luxe has launched Invictus Partnership, a program in which four partners share hours allocated to them in a business jet but without the financial commitment or depreciation associated with fractional ownership.

“This is not a jet card, it’s not fractional ownership, and it’s not a traditional membership,” said Jet Luxe CEO Gabriel Madrid. “It is a new niche and highly exclusive partnership with just four opportunities per jet. We have meticulously developed the model to be completely flexible, dynamic, and with guaranteed availability year-round, worldwide.”

Under the program, partners are responsible for a “minimal, upfront investment” that comes with no fixed costs or any extra charges for peak days, parking, or repositioning. Partners have guaranteed global availability under the programs and can schedule flights with 24 hours’ notice. They can also purchase additional hours on-demand.