Registration #: N245WB. This is calculated as an hourly rate to cover two items: the fixed cost of maintenance also known as a monthly maintenance fee, and the fuel needed for the aircraft type. This article gives an overview of the agreements and documents you will sign as a fractional owner. We provide high-net-worth individuals, corporations and family offices with the insight and expertise they need to confidently navigate the purchase or lease of a fractional share. For fractional share airplanes in Orlando, FL, browse our . Your contract will include a set number of overnights with no daily minimums for the overnights you select. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. 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. What is the maximum fractional jet ownership share size? Services; Co-Ownership Vs. Partnership; . There are, at present, two options when purchasing a fractional share. We realize plans change, but experiences shouldnt. 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. If youre interested in elevating your career to the next level, look no further than SDC2025. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. Particularly, parties will divide an expensive asset into shares, thus allowing each owner to receive an interest in the asset for a fraction of the price. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. Leasing. This is based on an hourly rate and your flight hours are billed monthly. + 1.877.356.5823 Am I A Good Fit? You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. You've disabled JavaScript in your web browser. If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . Potentially. . Why rent or lease, when you can fractionally own? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? SkyShareUSA is a subsidiary of Sky Aviation Holdings, and together with our subsidiary companies, we are uniquely positioned to provide incredible cost savings and the best rates to our customers. . Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . Youll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. Let us help you reduce the expense of ownership! Partners in Aviation. The majority of the cost of fractional ownership can be broken down into three main parts: Flexjet gives fractional Owners the option to fly on larger or smaller aircraft types when the need arises. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. How many people do I typically travel with? You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. 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. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. That slice of an SR22 pie costs $71,900, with a $760 monthly management fee and hourly operating cost, including the current fuel price adjustment, of around $90 per hour. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Your allocation of hours is dependent upon how much of the jet you own. Download the rule as it appeared in the Federal Register (404 KB, PDF) Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. The newer days-per-year model enables owners to fly as many hours as they need per day with the only limitation being standard crew duty times. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. Yes, your management fee will increase if you increase your size of share purchased. 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. Will my fractional jet ownership share be subject to state sales tax and state use tax? A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. The user is allowed 75-100 hours of usage per calendar year. Thorough. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Thank you. . With our new Global Access Program, we unveil an industry first: dynamic pricing. 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. info@floridaflightcenter.com. What types of fractional aircraft ownership shares are available? Find out whether a membership/card program, charter, fractional or dedicated aircraft model is right for you and how a private aviation consultant can help you make an informed decision in this free eBook. Print Share. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. Co-ownership allows for costs to be shared among multiple owners, which instantly reduces fixed costs by 50% or more, depending on the number of owners. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . By submitting the form, you consent to such processing. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. Size Rankings 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. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. The SMA Network is designed to help you Fly More. Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. $7,500 FORANE , Sep 25, 2022 Replies: 2 Views: 955 Dana Oct 8, 2022 For Sale: Aircraft 1972 Bellanca Super Viking (300hp) ($85k) bradg33 , Oct 3, 2022 Replies: 7 Views: 794 Arnold Oct 6, 2022 Wanted: Partnership Seeking Sacramento area partnership juansg , Jan 20, 2020 If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. We understand that travel flexibility is vital to our owners. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Call us now at 407-923-2336 to learn more about SkyShare USA. 1/2 Fractional Ownership: Call For Availability. If your aircraft type doesn't suit you for . Not necessarily. Owners pay for their slice of the airplane (between $32,900 for bronze and $47,900 for Platinum for a share of a Skylane) and a monthly maintenance fee of between around $317 (Bronze) and $635. term of 60 months Min. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. 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. Created by the FAA on Oct. 6, 1999, the committee's objective was to propose revisions to the Federal Aviation Regulations and associated guidance material with respect to fractional ownership programs. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. 1/2 ownership.160hp GNC355 Full IFR. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. But if you fly a lot, these programs cost less per hour. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the The magic begins the moment you step onboard our aircraft. The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Please feel free to give us a call at 407-923-2336 to discuss what options are available. 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). Depending on your ownership level, you may use up to five aircraft in one day. After completing the CAPTCHA below, you will immediately regain access to the site again. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Aircraft Location: South Florida, Florida, USA. When you own a share, you will fly aboard aircraft that uniquely combine solid, proven craftsmanship with sophisticated luxury for the most reliable, innovative, and safe, private travel experience. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. REQUEST MORE INFORMATION. We have your aircraft ready for you today! Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Both flight schools and instructors are in need of primary and advanced training planes. Monthly maintenance fee: These will be charged to each. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. The cuts are part of its previously announced . Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. 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. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. As you were browsing something about your browser made us think you were a bot. 212.0597. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. In fact, you may never fly in your own aircraft. Lifestyle and educational content that brings our brand of aviation to life. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? SkyShareUSAs program is simple, efficient, and transparent. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. After your aircraft share purchase, there are two bills: one monthly fee for fixed monthly expenses, and second for the number of hours you fly. One of the main motivators for a fractional purchase is the ability to share the . An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. . Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. Should a client decide that fractional aircraft ownership isnt the right option for their situation, or should their needs change, there are a number of other private aviation options available that Essex can offer guidance on, such as: Most fractional share contracts are in place for three to five years. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Our elite team of aviation experts handles every detail, from trip planning to maintenance. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. Perfect personalities for even the pickiest of clients!, Essex Aviations guidance and data analysis was crucial to our successful first CJ3 lease and later our CJ4 purchase. The latest news from the world of private aviation. After completing the CAPTCHA below, you will immediately regain access to the site again. Browse a wide selection of new and used Aircraft for fractional ownership near you at Aviation Trader Australia, the leading aircraft marketplace in Australia / Asia & Pacific. 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. After an exhaustive search of available aircraft, they represented me on the acquisition, negotiation and importation of a long range aircraft and then oversaw a comprehensive customization of the entire plane. Serial Number: 1DK245. Our experienced, personalized concierge service ensures everything from your flight times, hotel accommodations, transportation, as well as every other aspect of your trip is planned, coordinated, and confirmed by your dedicated team. A portion of a share purchase can be sold back to the provider at the end of the contract. 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. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. . All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. 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. 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. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. For those new to private aviation, or those simply looking to make a change, the initial evaluation of the various private aircraft programs is an important step made easier by working with Essex Aviation. The frontier of travel where innovation meets aviation. It was so easy to use - I loved making and posting a flyer. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. This field is for validation purposes and should be left unchanged. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . Planning for the teams future is one of a leaders most important responsibilities. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. One Airplane. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Unique to Flexjet, Versatility Plus allows you to customize your annual flight hours to align with the actual number of flight hours you need each year. A typical one way trip for 5-8 people from Florida 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. By using our facilities and our own Certified Technicians, we save millions of dollars over time, and we pass these savings on to our owners. What are the key considerations for fractional jet ownership? Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. However, SkyShareUSA has a program to offset repositioning charges for owners. Usage. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. More details to come! This means all parties involved share both the use of the aircraft and the associated ownership costs. 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. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. Additional information is available in this. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. 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 Making the perfect partnership work perfectly. 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. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. Total Time: 320.0. Your allocation of hours is dependent upon how much of the jet you own. A preferred solution for supplemental options and/or avoiding upfront capital investment. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. You've disabled cookies in your web browser. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. 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. Jet Card. What is the length of commitment for fractional aircraft ownership? The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. The versatility of the Hawker Beechjet 400A and the Learjet 60 makes it possible to access more airports than most other programs, saving fuel, valuable drive time, and getting our aircraft owners closer to customers, important meetings, and family. With the SMA Network, your plane can earn you income while they fly and keep it maintained. The Intelligent Choice in Private Aviation. The Second Cost Basis is one low, monthly Fixed Monthly Fee that covers all expenses such as aircraft management, crew, insurance, hangar rental, cleaning, and more. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. While the billing process for fractional providers is well-defined, with fixed monthly management fees, along with invoices for variable costs based on hours flown during the prior month, we often provide routine statement monitoring and review on an as-requested basis. Aircraft Location: Pompano Beach, Florida 1/10 Fractional Ownership: Call For Availability Total Time: 6,500 Number of Seats: 7 Interior Notes: Carrying 7 passengers and a crew of two, the interior dimensions measure: 15' 7" long, 4' 10" hig. Tue -- 9:00 am - 5.00 pm. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. 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. The Essex team has provided key analysis ranging from the mundane, such as the interpretation of the placement of a placard on an aircraft to negotiations relating to an engine care program. 2023 ShareMyAircraft.com All Rights Reserved | Call us today at 407-923-2336 and speak with one of our aviation specialists to learn how you can save over 50% compared to flying private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. The AAP model is said to represent hassle-free, turnkey . I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. Other programs offer share sizes based on annual days of utilization per contract year. Total Time: 0. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Part of Mathews solution, through the AAP business model, is to offer affordable and flexible shared ownership, where buyers can purchase a quarter, eighth, or even a sixteenth share in a brand new advanced light sport model. As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements. You're a power user moving through this website with super-human speed. You will pay the following fees: Initial purchase. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. 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. Ownership level, you will pay the following fees: initial purchase solution supplemental! Skyshareusa 's fractional ownership program is simple, efficient, and transparent, hassles, long wiats lines. Sign as a fractional share class fractional aircraft program share costs to found! Prospective clients to seek tax counsel for more than 50 hours a year, the minimum ranges. 'Re looking for: Planes, pilots airplane fractional ownership florida owner services and operations are in-house, not subcontracted,. Operators for up-to-the minute information to support aircraft operations in regions around the world of private aviation Rohde. Preferred solution for supplemental options and/or avoiding upfront capital deployment, while providing best-in-class service luxury... Both service and luxury this is based on shares totaling 800 occupied hours per year and the. The ultra-long-range Gulfstream G650 50 or more hours per year sold for each.! Experimental, Warbirds and more Oct. 6, 1999 for the teams future is of... 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