If your aircraft type doesn't suit you for . The majority of the cost of fractional ownership can be broken down into five parts: With fractional jet ownership, you get the benefits of owning an aircraft without the headache that comes with managing it. Tax and Financing Ramifications of Fractional Aircraft Ownership, Managing Aircraft Fractional Ownership Under FAR Part 91, Subpart K: Ten Reasons Not To Charter, Fractional Ownership: Understanding the Insurance, Operator and Management Company Responsibilities: Business Effects of Adoption of Part 91, Subpart K, Download the notice as it appeared in the Federal Register, Download the rule as it appeared in the Federal Register, Fractional Ownership Aviation Rulemaking Committee, Fractional Aircraft Ownership Grows As Added Programs Drive Value Perception, NBAAs Frequently Asked Questions About Fractional Ownership. There are, at present, two options when purchasing a fractional share. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Planning for the teams future is one of a leaders most important responsibilities. With operating costs from $699/hr. It was so easy to use - I loved making and posting a flyer. Total Time: 2,945 Engine #1: 2,945 Engine #2: 2,945 Engines enrolled on Williams Tap Blue Deferred Tamarack Winglets PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Choose generous interchange bonuses on . But is leasing right for you? Will I have the same crew for each flight? The user is allowed 75-100 hours of usage per calendar year. Is Fractional Ownership the Right Choice for You? A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Our team of aviation experts handles every aspect of your travel experience. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. Every pilot is type-rated in their assigned aircraft. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. More details to come! As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Our team assists clients in comparing options based on their specific needs and desires, starting with a technical and financial analysis to ensure that the right aircraft and aviation utilization models are considered. The best part is at the end of your five years of aircraft fractional ownership, SkyShareUSA will resell your jet and distribute the proceeds to all owners. Informed. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. High/Low/Average 1 . For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. What is the minimum fractional jet ownership share size? Will my fractional jet ownership share be subject to state sales tax and state use tax? Gulfstream G650 Access Programs. Yes, your management fee will increase if you increase your size of share purchased. It made the difference in my flying! We represent our clients with the selected fractional provider during the analysis, negotiations, final contracting with the selected fractional provider and delivery of the share. Fractional ownership is best for those who typically utilize air travel for 15 or more trips per year and allows you to buy or lease a share in the Challenger 350 and Phenom 300, the best super midsize and light jets in private aviation. The maximum fractional jet ownership share size is 800 hours of flight time per year, which is roughly equivalent to ownership of the entire aircraft. . Not necessarily. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. SMA can walk you through how to start, run and grow your business. Thorough. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. We are committed to protecting the privacy of our clients. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. Your allocation of hours is dependent upon how much of the jet you own. What is Fractional Aircraft Ownership? Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. FL 34243, United States +19413763500 +19542901357. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. For Commercial Pilots and Instructors, the SMA Network is designed to help provide you more income opportunities in the air (or on the ground) and be found by more owners and pilots in your area so you can Fly More. With the purchase of a Citation CJ3+ fra.See More Details Serial Number 525B-0607 Total Time 515 Number of Seats 8 Year Interior 2020 flyExclusive Fractional The transactions had several challenging issues that required expert counseling and negotiation. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. . One Airplane. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. In fact, you may never fly in your own aircraft. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. Sky Share USA regional representatives are on-call no matter what the hour, to ensure smooth transfers and answer any questions you may have along the way. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. I was never once disappointed. Although fractional aircraft ownership companies will always try to have you fly on the specific aircraft model you own, on some occasions it may be necessary to utilize a different model, one that either meets or exceeds the aircraft model type you currently own. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Step into the reality of owning your own Vision Jet with our exclusive VisionAir aircraft management program - a completely turnkey ownership program that includes access to on demand professional pilots, world-class aircraft management and more. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. Tax Benefits are available from fractional jet ownership as depreciation deductions. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. This ensures you are provided with flights, when and where you need them, highly trained pilots, safe and reliable aircraft, flexibility, and exceptional customer service at a competitive cost, saving you valuable time and money. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. The SMA Network allows you to increase visibility to area pilots while SMA Strategies will help you align expectations and help fulfill your needs in a partnership. We have your aircraft ready for you today! Aircraft Sales Advertising and marketing to assist with aircraft share liquidity to transfer ownership to new owners for a 1% filing and transaction fee in addition a monthly membership plan. The AAP model is said to represent hassle-free, turnkey . Financial Considerations: Is Fractional Ownership the Right Choice for You? Call today for a personal consultation with one of our private aviation experts. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. Jet Card. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, PlaneSense, and AirSprint.Alternatively, owners can join together to purchase their own aircraft, independently of a larger management company. With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . You've disabled cookies in your web browser. Amid a backdrop of personal and business flight options in the form of aircraft timeshare, jet cards, jet membership programs, and aircraft charter or the high cost of whole aircraft ownership, the fractional aircraft ownership model is becoming increasingly popular with both leisure and business travelers. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. Engine 1 Maintenance Program: Other. Fractional shares can especially be cost effective if you plan to stay at your destination for a long period of time, since you only pay for your occupied flight time, not the positioning flights. No worries or additional costs. There is a significant amount of paperwork involved when purchasing a fractional jet ownership share but the primary documents youll sign are a purchase agreement, a management agreement, an ownership agreement and a dry lease exchange agreement. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Registration #: N245WB. The SkyShare USA fractional jet fleet is comprised of the Beechjet 400a for light jets and the Learjet 60 for our mid-sized jets, we do not have any heavy jets at this time. All the airplane, half the cost. Florida Fractional Club puts a New Spin on the ConceptThe concept of fractional ownership for luxury items such as yachts and aircraft is certainly not new, and it's becoming more popular as owners realize their actual time using these expensive toys is far less than they may have planned when they made the purchase.To spice things up, in addition to the flybridge motoryacht, Florida . All Sky Share USA jets are flown in accordance with FAA standards and meet or exceed 100% of these mandatory, closely monitored, and strictly enforced aircraft regulations. 1 opening available. Flexjet private jet leasing options begin at 50 annual hours. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. REQUEST MORE INFORMATION. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Total Time: 320.0. See below how our pricing for a particular aircraft stacks up against major industry competitors. If the SMA Network doesnt have the plane you are looking for, we can help you form your own partnership to CO-OWN a new or used plane. The Pilatus PC-12 Fractional Ownership Program | PlaneSense Pilatus PC-12 Turboprop The Pilatus PC-12 has been an integral part of the PlaneSense fleet since 1995, giving the team more operational experience than any other program. If you ever fly on a non-Flexjet program aircraft for more than five percent of your annual allocated hours, we will credit hours back to your account. All staffing and maintenance are included, with all work performed in-house. Number of Seats: 2. A preferred solution for supplemental options and/or avoiding upfront capital investment. How many people do I typically travel with? Granting you the ability to "right-size" your jet to fit each trip. Their process was comprehensive and thorough. Share ownership in $2M - $4M vacation properties with one low investment. The 2024 NBAA Schedulers & Dispatchers Conference offers the opportunity for attendees to further their professional development through up-to-date education sessions and a wide variety of networking events. Contact SkyShare USA or your accountant to discuss tax deductions from our program. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. The frontier of travel where innovation meets aviation. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. What is the length of commitment for fractional aircraft ownership? As a premium fractional provider, we offer access to multiple aircraft in circumstances that require it, you, family or colleagues can use more than one aircraft, even on peak travel days. Every six months, our pilots are trained by highly qualified and experienced instructors, using advanced-technology flight simulators and integrated training systems to help ensure their proficiency and safety. Making the perfect partnership work perfectly. You've disabled JavaScript in your web browser. Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each year. With the SMA Network you can more easily find partners or renters that fit your comfort level and help you reduce your ownership or operating costs, or both. 2013 Daher Kodiak 100 available for 50% co-ownership.Total Time: 1,200Engine Hours: 1,200Propeller Hours: 1,200PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. The cuts are part of its previously announced . Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Follow our press to stay current on all aviation media releases. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. The objective of the FOARC was to propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs. On Feb. 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking. + 1.877.356.5823 Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. Designed for those who fly 50 or more hours per year, fractional ownership provides access to multiple cabin sizes equipped for a variety of needs and mission types. Print Share. However, SkyShareUSA has a program to offset repositioning charges for owners. The Intelligent Choice in Private Aviation. This varies depending on the aircraft type and size of the share. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . Serial Number: 1DK245. The PlaneSense program offers the Pilatus PC-12 turboprop and Pilatus PC-24 jet, two of the most sought-after, advanced aircraft in the world. What are the benefits of fractional aircraft ownership? Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). After completing the CAPTCHA below, you will immediately regain access to the site again. Knowledgeable. Although it is possible to exceed your yearly allocation by borrowing against the next years allotted hours, each fractional plane ownership company has different restrictions concerning this practice. Our comprehensive combination of aircraft volume purchasing, sales, maintenance, and refurbishment including avionics, interiors, and exteriors under one roof allows us to provide Fractional Ownership at a fraction of the cost of other fractional providers and jetcard programs. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. Learn more about the National Business Aviation Association. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. Imagine flying one of the most advance GA aircrafts for a private partnership, think Diamond D42/62 or the Cirrus SR22 - The SMA Network provides exposure to Commercial Pilots to fly and earn more! Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Compare. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. 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