The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners. 1/2 Fractional Ownership: Call For Availability. What types of fractional aircraft ownership shares are available? 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. Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. Hangared in Venice FL. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. But what is fractional aircraft ownership? KEMT - San Gabriel Valley Airport Fractional Ownership Aircraft Charter Interchange Agreements Aircraft Leasing Time Sharing Agreements Reimbursement For Owner-Pilots NBAA's Small Aircraft Exemption Operational Control Aircraft Registration & Transactions Aircraft Transactions Guide Ethical Business Aviation Transactions Exporting Aircraft from the United States This article gives an overview of the agreements and documents you will sign as a fractional owner. 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. If the program provider utilizes a larger aircraft due to fleet availability or scheduling requirements, you will not be billed any additional costs for the upgraded aircraft. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. This economically efficient option can provide significant savings. 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. In some cases, the tax exemptions are customized to suit your interest and your tax situation. SMA can walk you through how to start, run and grow your business. Follow our press to stay current on all aviation media releases. Fractional ownership situations include an aircraft manager and management plan, and often the buyers enter into agreements for 1/6 or 1/8th of the aircraft. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . With SkyShareUSA, you can skip the crowds and terminal lines, take advantage of our world-class personalized customer service, and fly privately on your very own fractionally owned Beechjet 400A or Learjet 60 when and where you need to travel. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. One of the main motivators for a fractional purchase is the ability to share the . Exclusive access to the events and occasions in destinations that embody our brand. 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. With the industry's most innovative model, the jet is yours for the day, not the hour, giving you the ability to visit multiple locations in a single day. Located at the magnificent Palexpo in Geneva, Switzerland and the Geneva International Airport, EBACE2023 will be the place to engage with companies that are paving a new way in the business aviation marketplace. Call Listing Broker Scott MacDonald Toll Free8882804900 . How much does fractional aircraft ownership cost? Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. The FAAs final rule Regulation of Fractional Aircraft Ownership Programs and On-Demand Operations sets regulatory standards for fractional ownership operations (Part 91, Subpart K) and updates requirements for on-demand charter operations (Part 135). Welcome to the Intelligent Private Flying Solution. But is leasing right for you? Leave all the hassles and worries to us. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Your allocation of hours is dependent upon how much of the jet you own. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. 2024 NBAA Maintenance Conference . Your allocation of hours is dependent upon how much of the jet you own. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Aircraft partnerships (AKA Fractional Aircraft Ownerships). Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. The SMA Network is designed to help you Fly More. I was never once disappointed. Candid. You're a power user moving through this website with super-human speed. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! 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. Every pilot is type-rated in their assigned aircraft. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Practical. This means all parties involved share both the use of the aircraft and the associated ownership costs. No, it is unlikely that you will have the same crew for each flight. info@floridaflightcenter.com. No. 212.0597. 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. Total Time: 0. 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. FL 34243, United States +19413763500 +19542901357. Once the client has selected a provider, Essex will provide ongoing representation during the review, including the negotiation of terms, final contracting and closing on the share. Aircraft is always hangered. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. You enjoy all the benefits of your private jet, while we handle the rest! 1/2 ownership.160hp GNC355 Full IFR. EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation. Fractional ownership allows the purchaser to own a slice of a specific aircraft (typically between one sixteenth and one half) through a fractional share provider who will guarantee supply of an aircraft as needed, either your plane or a comparable one. lowest fractional aircraft program share costs, Less hassle than whole aircraft ownership, Best Jet Ownership Fractional Program In The Industry, Contact Us & See How We Can Save You Money On A Private Aviation Solution. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. The user is allowed 75-100 hours of usage per calendar year. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. DiamondShare Opportunity. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Jet Card. It is dividing the use and expenses of an aircraft into smaller pieces. consult an aviation tax advisor and tax attorney, Whether a specific aircraft type meets the majority of their travel requirements, Whether they fly for business or personal reasons. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. NBAAs 2023 White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. 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. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. Leasing. All staffing and maintenance are included, with all work performed in-house. Private aviation offers numerous benefits, but each service option comes with its pros and cons. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. Phone: +1 630-253-5659. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. With SkyShareUSA, these fees can be completely ELIMINATED. Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more. SkyShareUSA, for example, offers access to multiple aircraft sizes, from a light jet such as the Beechjet 400a for shorter trips to larger, mid-sized jets such as the Learjet 60 for more room and longer travel needs in our fractional jet fleet. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. VisionAir is a total ownership solution that goes beyond fractional ownership and charter services to offer full ownership, which means extended privacy and a consistent world-class experience. Serial Number: 1DK245. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. On Dec. 14, 2004 the FAA issued a notice that corrects the date by which all fractional operations must be in compliance with FAR Part 91, Subpart K. NBAA was expecting the correction that changes an incorrect Dec. 17, 2004, compliance date to Feb. 17, 2005. Whether or not you should buy a share with a fractional ownership provider or go with whole aircraft ownership depends on the amount of time and money that a person plans on flying. . The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. What are the key considerations for fractional jet ownership? This rate also includes direct expenses associated with maintenance, standard catering, and engine operation, Fuel Component Adjustment - Added to the base hourly rate to account for fluctuations in the cost of fuel, which varies monthly, However, pricing varies based on timing and varies across operators, Designed for those with minimal travel needs, No fees for repositioning, catering, or de-icing, Typically offers more experienced pilots and crews, Aircraft are often younger and more advanced, You select aircraft and receive guaranteed access, One point of contact + expert operations team, Providers own their aircraft and employ their own pilots, No need to involve more than one provider for long trips, Minimal cabin restrictions (pets allowed on board), VIP access to events, resorts, and product offerings, None of the risks, restrictions, and responsibilities associated with whole ownership, Much smaller upfront capital deployment + fixed costs, Repositioning, catering, and de-icing fees are covered, Ability to upgrade or downgrade aircraft for specific trips, Option to utilize more than one aircraft simultaneously, No maintenance downtime or need for supplemental lift, Option to sell share back to the provider at end of term, Depreciation deductions applicable to a capital asset, Provider handles all crew scheduling, aircraft maintenance, insurance, regulatory compliance, hiring and training, storage and parking. Instead, fractional jet ownership falls under FAR 91 Sub Part K. Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. After completing the CAPTCHA below, you will immediately regain access to the site again. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. What is the length of commitment for fractional aircraft ownership? All the airplane, half the cost. Financial Considerations: Is Fractional Ownership the Right Choice for You? The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. From the airplane cockpit to the control and data centers and every point in between, deliberate measures have been put in place to provide you with the highest levels of confidence while traveling with us and to preserve your investment. Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. Print Share. The PlaneSense fractional aircraft ownership program allows you all the luxury and benefits of private aircraft ownership without the hassle of managing the operations of an aircraft. Their process was comprehensive and thorough. Granting you the ability to "right-size" your jet to fit each trip, Unlimited Access offers leading fleet interchange incentives on any aircraft in our fleet. 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