AvYachts enters new fractional yachting partnership

Yacht fractional owner service AvYachts has partnered with exchange services firm Elite Alliance to offer AvYacht customers the ability to trade time on their yacht for time in holiday properties.

AvYacht is a sharing economy model, allowing owners to buy a one-fifth share in a superyacht plus benefits. The partnership with Elite Alliance will allow yacht owners to exchange a week’s time share on their yacht for three weeks in a luxury, professionally-managed holiday home.

AvYachts was launched in 2017, to bring the sharing economy model pioneered by private jet companies such as Flexjet and NetJets to the superyacht market.

Kathy Kennedy, AvYachts’ chief operating officer, said: “We are committed to providing our owners with maximum flexibility in how they spend their time with us. Our partnership with Elite Alliance will enable AvYachts owners to trade a week on their yachts for three weeks at a premium residence club, house or other property around the world.

“An owner may spend a few weeks in the winter in the Bahamas, then a couple of weeks in the summer off Nantucket and, finally, trade a week on her yacht for three weeks at a Tuscan villa through Elite Alliance.”

The AvYachts vessels are supplied by North American yacht builder WestPort. The vessels the service offers are 112, 130 and 164 feet in length and can travel from a number of destinations including South Florida, the Bahamas, The British Virgin Islands, and New England.

Rob Goodyear, president of Elite Alliance, said: “Many of our members have asked about a yachting option that complements our wide range of global luxury beach, mountain, golf and getaway destinations. The partnership with AvYachts adds a unique dimension to our offering, and we expect great demand from our members for this exciting and visionary opportunity.”