While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Why rent or lease, when you can fractionally own? Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. 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. Your contract will include a set number of overnights with no daily minimums for the overnights you select. Candid. Leave all the hassles and worries to us. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. No worries or additional costs. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. Interior recently restored in beautiful cream with gray accents. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. 2024 NBAA Maintenance Conference . 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. This fee covers your hourly operational costs for each hour flown. Flexjet private jet leasing options begin at 50 annual hours. It was easy to request this. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. 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. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. 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. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Follow our press to stay current on all aviation media releases. Tax Benefits are available from fractional jet ownership as depreciation deductions. Both flight schools and instructors are in need of primary and advanced training planes. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. 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. Call today for a personal consultation with one of our private aviation experts. Inquire for full details and photos. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? 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 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. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. Is fractional jet ownership the same thing as a timeshare? Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). Knowledgeable. As you can easily see in this chart, SkyShareUSA is significantly less expensive than our competitors such as PlaneSense, AirShare, NetJets, FlexJet, & WheelsUp Jet Card. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. Passionate about aviation since they were in their teens, Lee and Tom provide a unique combination of experience and a wealth of unparalleled knowledge while advocating for their clients interests. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Print Share. Planning for the teams future is one of a leaders most important responsibilities. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). Yes, your management fee will increase if you increase your size of share purchased. Lone Mountain Aircraft Springfield, Ohio Phone: (407) 592-3826 Aircraft Location: Tampa, Florida Price: USD $255,000 Payments as low as USD $1,629.45 / monthly* Email Seller Video Chat Operating Costs Apply for Financing Premium Listing View Details 39 Save Updated: Friday, February 24, 2023 12:10 AM Compare 2019 CIRRUS SR22-G6 TURBO info@floridaflightcenter.com. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company. However, figuring out the true cost of flight hours can be tricky. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. We can then help with all the sharing docs, financing, insurance, and training. Choose generous interchange bonuses on . Our team of aviation experts handles every trip detail, from catering to maintenance; all you have to do is tell us where youre going and when you want to leave. The Intelligent Choice in Private Aviation. term of 60 months Min. You're a power user moving through this website with super-human speed. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. 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. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . And after, we can help with scheduling, maintenance and even handle the money! Clients considering fractional aircraft ownership often have different expectations and have varying needs. See how companies of all sizes use aircraft to help their businesses succeed. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Let us help you reduce the expense of ownership! More details to come! If you want to see how fractional aircraft options fit into the . term of 30 months. You've disabled cookies in your web browser. But what is fractional aircraft ownership? What are the key considerations for fractional jet ownership? Other programs offer share sizes based on annual days of utilization per contract year. Lifestyle and educational content that brings our brand of aviation to life. No, it is unlikely that you will have the same crew for each flight. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. Potentially. The magic begins the moment you step onboard our aircraft. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Do I predominately fly for personal or business reasons? 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 . Most people equate this to a timeshare. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. 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. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Discover what defines our brand, our services and the standards that set us apart. 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. 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. . Our success lies in delivering maximum freedom of movement, comfort, and familiarity while ensuring that every single flight reaffirms our owners decision to join the PlaneSense fractional program. George Antoniadis, CEO & President. Red Label lets you enjoy the best of whole ownership for a fraction of the cost thanks to crews dedicated to your tail number, interior designs from our LXi Cabin Collection, and much more. The transactions had several challenging issues that required expert counseling and negotiation. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Thorough. As you were browsing something about your browser made us think you were a bot. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. The SMA Network can help you find a great plane and pair you up with other pilots that compliment your flying goals in your area! All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Once the client has selected an aircraft type and assessments are complete, we assist them with understanding the differences between the various proposals from the identified providers to determine which will most effectively meet their defined needs and requirements. We take care of it all. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. This feature increases the availability to all owners. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. A typical one way trip for 5-8 people from Florida flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. The tax applies to the . 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. 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. From turbo-props to light jets and heavy jets, Essex Aviation can help identify the most suitable aircraft to meet any clients specific personal or business travel requirements. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. 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. 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. Our leadership is comprised of a team of a dedicated services team and aircraft experts who collectively have over a hundred years of experience in managing, maintaining, and operating aircraft. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. This economically efficient option can provide significant savings. 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. 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