April 30 - May 2, 2024. . But what is fractional aircraft ownership? 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. Aircraft is always hangered. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. During the 1990s the growth of fractional ownership programs was substantial. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. . You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. 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. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. AND. And after, we can help with scheduling, maintenance and even handle the money! Compare. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. 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 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). Aircraft Location: South Florida, Florida, USA. With operating costs from $699/hr. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. Will my direct operating cost per hour increase as my hours purchased increases? Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. After completing the CAPTCHA below, you will immediately regain access to the site again. Tue -- 9:00 am - 5.00 pm. 1/2 Fractional Ownership: Call For Availability. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. Stay connected for business. All staffing and maintenance are included, with all work performed in-house. More details to come! 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. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. The latest news from the world of private aviation. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 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. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. Hangared in Venice FL. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. Fractional aircraft share programs are long-lasting relationships. . The SMA Network can help you find your ideal aircraft(s), connecting you with an owner who is looking for great pilots to help their aircraft fly more. SkyShareUSAs program is simple, efficient, and transparent. 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. We accept no commissions, referral fees or any other forms of compensation from any third parties. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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. 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. What is Fractional Aircraft Ownership? 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. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. 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. By submitting the form, you consent to such processing. Is fractional jet ownership the same thing as a timeshare? Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. 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. 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 Ownership or Group Timeshare in our program means ownership of an aircraft. 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! Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Will I have the same crew for each flight? An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. 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. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. 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. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. REQUEST MORE INFORMATION. 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. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . We can then help with all the sharing docs, financing, insurance, and training. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? 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. With fractional, there are minimum and maximum contract periods. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. 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. As you were browsing something about your browser made us think you were a bot. Your allocation of hours is dependent upon how much of the jet you 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. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare The PlaneSense Fractional Program. 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. 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. 1/2 ownership.160hp GNC355 Full IFR. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. SMA can walk you through how to start, run and grow your business. 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. Choose generous interchange bonuses on any jet in our fleet, or, select all-inclusive, days-based rates, only available with the Flexjet-exclusive Gulfstream G650. 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. Informed. 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. Collaborations with likeminded brands that offer one-of-a-kind experiences and products. If you want to see how fractional aircraft options fit into the . Clients considering fractional aircraft ownership often have different expectations and have varying needs. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Consequently, our Direct Operating Charges are the lowest you will find. Fractional ownership can start to make sense if you fly more than 50 hours a year. What documents do I need to sign when I purchase a fractional jet ownership share? Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. Partners in Aviation. 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. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. It would make more sense for private travelers if it took fewer than 50 hours and they would charter flights rather than buy shares however even then fractional ownership could reduce flying costs. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. 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. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . But if you fly a lot, these programs cost less per hour. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Potentially. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. Planning for the teams future is one of a leaders most important responsibilities. 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. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Am I able to fly over my allotted hours for the year? Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. 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. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. Am I A Good Fit? This is because lenders have fewer opportunities to get full collateral interest on these loans. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. 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. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. Fractional ownership is basically a partnership with multiple buyers at the corporate level. term of 60 months Min. The Intelligent Choice in Private Aviation. 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