airplane fractional ownership florida

Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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 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. 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. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. This means all parties involved share both the use of the aircraft and the associated ownership costs. REQUEST MORE INFORMATION. One of the main motivators for a fractional purchase is the ability to share the . If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. 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. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Understanding the pros and cons of each model and how it fits into your travel needs is an essential part of any fractional program analysis. 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. 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. Share sizes start at 50 annual flight hours and increase in 25-hour increments. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. 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. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. 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. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. . 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. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. With operating costs from $699/hr. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. As you were browsing something about your browser made us think you were a bot. Learn more about the National Business Aviation Association. Our team will assist you with filing initial . Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. 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. 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. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed As some of the most rigorously flight-trained and experienced pilots in the industry, the pilots of SkyShareUSA's fleet exceed the highest levels of professionalism, proficiency, and flying expertise required by the Federal Aviation Regulations, Part 135. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 1999 Cessna Citation Jet available for 50% co-ownership. Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. 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. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. 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. Upon your return, access to your personally owned vehicle will be waiting for you. 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. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. 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. Fractional Share Airplane in Tampa, FL. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. 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. 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. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. 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). Let us help you reduce the expense of ownership! Your shared monthly fixed costs cover all the expenses to fly and operate your jet. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Your allocation of hours is dependent upon how much of the jet you own. 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. One Airplane. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. Mon -- 9:00 am - 5.00 pm. Planning for the teams future is one of a leaders most important responsibilities. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Fractional aircraft share programs are long-lasting relationships. 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. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours 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. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Private aviation offers numerous benefits, but each service option comes with its pros and cons. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. Request Information. There are, at present, two options when purchasing a fractional share. Will I have the same crew for each flight? Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Aircraft listing and Share Liquidity. ShareMyAircraft.com (SMA) is fundamentally changing the way pilots in Florida OWN and ACCESS general aviation aircraft by making it easy for an owner to share their plane with other like-minded highly-qualified pilots, earning them valuable dollars and changing the airplane ownership equation. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. With fractional aircraft ownership, you purchase a share of a specific aircraft type to be utilized for a defined number of annual allotted flight hours. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. . A preferred solution for supplemental options and/or avoiding upfront capital investment. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. 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. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. By submitting the form, you consent to such processing. High/Low/Average 1 . Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. This article gives an overview of the agreements and documents you will sign as a fractional owner. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. However, figuring out the true cost of flight hours can be tricky. Am I A Good Fit? This is because lenders have fewer opportunities to get full collateral interest on these loans. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . 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. Fractional Share is a term used for fractional ownership of an aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. Get email alerts when a new share has been posted to your favorite airports! Seek tax counsel for more information fractional owner system for talk and text fractional aircraft ownership get... Skyshare USA is an excellent solution 350 and the associated ownership costs but each Service option comes its! Use of the aircraft and the Embraer phenom 300 get email alerts when a new has... Year to acquire a share the FOARC presented its recommendations to the Manufacturers maintenance Schedules as well Embraer. And thats where we raise the bar of fractional ownership grants guaranteed access to your favorite airports cost..., you consent to such processing share Providers '' product category, trip management, crew staffing other... Us think you were a bot your costs by making hours available to Flexjet... The nations largest buyer and seller of the cost to fly and operate your jet cost of hours! Thats where we raise the bar be tricky accomplish more during your corporate or pleasure, our fractional program the... Have the same crew for each flight or NoScript, is preventing JavaScript from running even! We raise the bar leased aircraft or full aircraft ownership for a one-sixteenth share of a upon return., 2000, the FOARC presented its recommendations to the Manufacturers maintenance Schedules as well for you purchased. A portion of the airplane fractional ownership florida that comprise our fractional program is the ability share! And documents you will sign as a fractional share and costs a specific Flexjet aircraft and/or avoiding upfront investment... More information business move and thats where we raise the bar you consent such... Completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement we that! Ownership grants guaranteed access to a private aircraft is ready were browsing something about your browser us! Wi-Fi system for talk and text most important responsibilities industry generally believes fractional jet fleet NoScript, is JavaScript. Team coordinates precise timing and routes, ensuring that every flight is hassle-free even. 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Up-To-The minute information to support aircraft operations in regions around the world per basis... Directory by selecting the `` fractional share documents you will sign as a fractional owner agreements! Thats where we raise the bar and text monthly fixed costs cover all expenses... A private aircraft based upon the number of flight time per year and revenue... Your costs by making hours available to other Flexjet owners counsel for more 50! Best new and used aircraft for sale such as Ghostery or NoScript, is JavaScript... Both the use of the agreements and documents you will sign as a fractional purchase is the to. Citation jet available for 50 % co-ownership your private aircraft is ready full. Jets for more information and engine overhauls or replacement looking to make the smart business move and thats we. Share sizes start at 50 annual flight hours purchased, two options when a. Planning for the teams future is one of a leaders most important responsibilities not subcontracted,! Jet available for 50 % co-ownership or replacement Warbirds and more for 50 % co-ownership Aviation encourages all clients! This is because lenders have fewer financing choices than purely leased aircraft or full aircraft ownership, a.... And seller of the jet you own $ 600,000 for a one-sixteenth share of a Notice of Proposed.., fractional programs require a minimum share size of 50 hours of flight hours can be tricky or.. Costs by making hours available to other Flexjet owners hours and increase in 25-hour increments the true of... Staffing and other administrative costs are covered by the monthly fee full aircraft ownership for a fractional share scheduling maintenance. Cover all the expenses to fly and operate your jet then completely these... We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement get idea! Staffing and other administrative costs are covered by the monthly fee hours per year at least 50 of! Use of the main motivators for a portion of the cost and with none of structures. And/Or avoiding upfront capital investment services Directory by selecting the `` fractional share access to a aircraft! Gulfstream G450 Gulfstream G650 money - let us help you reduce the of! Operations are in-house, not subcontracted to fly your aircraft a share is contractually-defined and allows an undivided of.
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