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. Potentially. Fractional aircraft share programs are long-lasting relationships. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. 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. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. Aircraft Location: South Florida, Florida, USA. Our team of aviation experts handles every aspect of your travel experience. 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. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. 2023 National Business Aviation Association, Flight Department Administration Resources, Single Pilot and Small Aircraft Operators Resources and Benefits, Digital Membership Certificates & Plaques, Benefits for Aviation Vendors and Suppliers, Carriage of Elected Officials and Candidates, Exporting Aircraft from the United States, U.S.-Registered Foreign Civil Aircraft (Part 375), Non-Business Use of Employer-Provided Aircraft, International Standard for Business Aircraft Operations (IS-BAO), International Standard for Business Aircraft Handlers (IS-BAH), Communications, Navigation & Surveillance (CNS), Cockpit Voice Recorders (CVRs) / Flight Data Recorders (FDRs), Minimum Navigation Performance Specifications (MNPS), Reduced Vertical Separation Minima (RVSM), Automatic Dependent Surveillance-Broadcast (ADS-B), Traffic Alert and Collision Avoidance System (TCAS), Terrain Awareness and Warning Systems (TAWS)/Ground Proximity Warning System (GPWS), Sustainable Flight Department Accreditation Program, European Union Emissions Trading Scheme (ETS), Airframe and Powerplant Inspection Authorization, Forum for Enhanced Reliability and Maintainability Standards (FERMS), Security Risk Assessment for Business Aviation, Best Practices for Business Aviation Security, NBAA Humanitarian Emergency Response Operator (HERO) Database, Approval Checklist and Guidance for Potential PDP Providers, Business Aircraft Scheduler Certificate Program, Young Professionals in Business Aviation (YoPro), Business Aviation Essential to Local Economies and National Interest, Minimizing the Industrys Environmental Impact, Building Relationships with Elected Officials, Regional Business Aviation Groups Directory, Regional Business Aviation Groups Library, 2023 NBAA PDP Course: Strategic Planning That Really Works, 2023 European Business Aviation Convention & Exhibition (EBACE2023), 2023 NBAA Business Aviation Taxes Seminar, 2023 NBAA Tax, Regulatory & Risk Management Conference, 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE), 2024 NBAA Schedulers & Dispatchers Conference (SDC2024), 2024 NBAA International Operators Conference, 2024 European Business Aviation Convention & Exhibition (EBACE2024), 2025 NBAA Schedulers & Dispatchers Conference (SDC2025), 2025 European Business Aviation Convention & Exhibition (EBACE2025), 2026 NBAA International Operators Conference (IOC2026), 2026 European Business Aviation Convention & Exhibition (EBACE2026), 2027 European Business Aviation Convention & Exhibition (EBACE2027), Overview of Fractional Rule & Part 135 Changes, The New World of Subpart K Compared with Part 135. The fractional aircraft operators in North America flew over 833,000 hours in 2022. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. What are the benefits of fractional aircraft ownership? Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Informed. You've disabled cookies in your web browser. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. Do I predominately fly for personal or business reasons? Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. Their process was comprehensive and thorough. Additional information is available in this. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). 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. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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. Share sizes start at 50 annual flight hours and increase in 25-hour increments. Let the SMA Network help you find the perfect private rental, ownership opportunity, or potential partners at your local airport to co-own a new or used 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. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. High/Low/Average 1 . The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . With the SMA Network, your plane can earn you income while they fly and keep it maintained. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. What are the costs associated with fractional plane ownership? Monthly maintenance fee: These will be charged to each. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? Below youll find just a few of the benefits of purchasing a Flexjet fractional share. What is Fractional Aircraft Ownership? Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. | If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Will my fractional jet ownership share be subject to state sales tax and state use tax? Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. You've disabled JavaScript in your web browser. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. 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. Am I able to fly over my allotted hours for the year? Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. 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 share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. Share ownership in $2M - $4M vacation properties with one low investment. 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 . Upon your return, access to your personally owned vehicle will be waiting for you. Asset purchase This upfront cost covers your share of the aircraft. . We have your aircraft ready for you today! You're a power user moving through this website with super-human speed. Registration #: N245WB. You will pay the following fees: Initial purchase. 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. 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. Tax Benefits are available from fractional jet ownership as depreciation deductions. A solid plan makes it easier to navigate todays uncertain world and when priorities change or a crisis happens, a well-crafted plan will help keep the team on track. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. info@floridaflightcenter.com. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Will my management fee increase as my hours purchased increases? Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. 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. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Also, my friends who flew my plane, posted comments which helped a great deal as people viewing my listing got a sense of my plane (and me) before meeting me. Is fractional jet ownership the same thing as a timeshare? 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. 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. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. For that you get 75 . $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 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. It is dividing the use and expenses of an aircraft into smaller pieces. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Stay connected for business. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. I really liked the fact that I could ask for exactly who I wanted. More details to come! This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. This is because lenders have fewer opportunities to get full collateral interest on these loans. 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. 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. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. 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. Fractional ownership 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. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. The majority of the cost of fractional ownership can be broken down into five parts: With fractional jet ownership, you get the benefits of owning an aircraft without the headache that comes with managing it. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. See below how our pricing for a particular aircraft stacks up against major industry competitors. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . Aircraft For Fractional Ownership 1 - 25 of 65 Listings. DiamondShare Availability. 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. FL 33547 United States Telephone: . Print Share. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. What types of fractional aircraft ownership shares are available? 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. 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. 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. . There are several key considerations that factor into fractional jet ownership. For fractional share airplanes in Orlando, FL, browse our . 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. We invite you to read more about our unique business model and discover why SkyShareUSA is the most revolutionary and intelligent choice in the Fractional Jet Ownership Industry. Get paid and be a trusted source to help manage aircraft for owners. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. 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. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. 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. 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 initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. 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. Repositioning fees of flight hours (the cost of returning a specific plane to its home base also known as Empty Leg Flights) can be a costly factor. Usage. Discover a DiamondShare near you. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. No worries or additional costs. Gulfstream G650 Access Programs. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 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. How much does fractional aircraft ownership cost? Professional. 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). Traditional share sizes are based on annual flight hours per contract, per year. You're a power user moving through this website with super-human speed. No. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. Equity Fund, Shared Ownership. Get answers to frequently asked questions about fractional ownership. Think of them as your personal concierge. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Monthly Management Fee - Covers the indirect expenses associated with operating your aircraft, including pilot training, insurance, cabin support, trip management, crew provisions, and other administrative costs, Hourly Rate - Charged for each hour an aircraft is in flight, plus 2/10 taxi time. Contact SkyShare USA or your accountant to discuss tax deductions from our program. The Intelligent Choice in Private Aviation. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. Total Time: 320.0. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. Practical. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Wifi Information R Louis Zeitlin There is no other jet card or fractional jet share solution that can match it. Let us help you reduce the expense of ownership! Fractional Share Airplane in Tampa, FL. Mon -- 9:00 am - 5.00 pm. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. The user is allowed 75-100 hours of usage per calendar year. 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 1 opening available. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Maximum tax on fractional aircraft ownership interests.The maximum tax imposed under this chapter, including any discretionary sales surtax under s. 212.055, is limited to $300 on the sale or use in this state of a fractional ownership interest in aircraft pursuant to a fractional aircraft ownership program. 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. 1999 Cessna Citation Jet available for 50% co-ownership. After completing the CAPTCHA below, you will immediately regain access to the site again. Number of Seats: 2. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. We understand that travel flexibility is vital to our owners. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. 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. 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. Asset purchase - this upfront cost covers your share of the aircraft. Own Fractional Shares of a Jet If you fly at least 50 hours a year, you might be financially better off buying fractional shares of a jet. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. 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! PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. By submitting the form, you consent to such processing. Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each year. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. 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. Do fractional aircraft ownership shares have residual resale value? You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. "Now, new Vision Jet owners can simply arrive and fly. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. 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. Your contract will include a set number of overnights with no daily minimums for the overnights you select. Welcome to the Intelligent Private Flying Solution. The transactions had several challenging issues that required expert counseling and negotiation. Both flight schools and instructors are in need of primary and advanced training planes. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. If youre flying more than you expected, you may also purchase hours from other Flexjet owners, as well as buy hours in any other aircraft type. Essex Aviation is not a brokerage firm and does not list aircraft for sale. We have your aircraft ready for you today! The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. With SkyShareUSAs fractional jet programs you get a larger aircraft fractional share (20% vs 12.5%) with a comparable or less fixed monthly expense and reduced direct operating cost which makes us the best deal on the market for fractional jet ownership! 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. Contact us today to become a fractional owner and lets start your journey. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. 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. 2024 NBAA Maintenance Conference . Services; Co-Ownership Vs. Partnership; . 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. Any client considering fractional jet ownership should ask themselves a few questions before making a decision: There are three basic costs associated with fractional aircraft ownership: The initial cost to purchase a share. This article gives an overview of the agreements and documents you will sign as a fractional owner. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. 1/2 Fractional Ownership: Call For Availability. 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. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Have breakfast in the mountains. 1/2 ownership.160hp GNC355 Full IFR. Partners in Aviation. 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