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. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Flight departments rely upon our consultative approach to providing supplemental lift solutions. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. From Covid-19 protocols to meticulous service, you can have peace of mind knowing we adhere to the strictest standards in our fleet to ensure your safety when you join one of our fractional aircraft programs. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. Think of them as your personal concierge. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. Private aviation offers numerous benefits, but each service option comes with its pros and cons. Am I able to fly over my allotted hours for the year? SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. 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. Contact us today to become a fractional owner and lets start your journey. Lee and Tom are key partners in all aspects of family office aviation matters., John Castrucci, Family Office Executive & Founder, I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. The SMA Network is designed to help you Fly More. . As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. 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. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Download the rule as it appeared in the Federal Register (404 KB, PDF) Professional. 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. 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. As you were browsing something about your browser made us think you were a bot. 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. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. 2023 ShareMyAircraft.com All Rights Reserved | Planning for the teams future is one of a leaders most important responsibilities. 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. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. term of 60 months Min. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . What documents do I need to sign when I purchase a fractional jet ownership share? Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. 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. Fractional ownership can start to make sense if you fly more than 50 hours a year. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Asset purchase - this upfront cost covers your share of the aircraft. Your allocation of hours is dependent upon how much of the jet you own. 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. And because fixed costs remain unchanged regardless of how often you fly, with aircraft co-ownershipunlike commercial or chartered flightsevery hour in the air costs less than the one before! Equity Residences: Beach Home - Marathon Key, Florida. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. 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. 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. 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 . Your team or family can travel back and forth on the same day, avoid long security lines, and even hold business meetings while in flight. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Services; Co-Ownership Vs. Partnership; . Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Aircraft listing and Share Liquidity. The user is allowed 75-100 hours of usage per calendar year. The Intelligent Choice in Private Aviation. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. 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. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Wifi Information R Louis Zeitlin However, figuring out the true cost of flight hours can be tricky. With sufficient notice before the flight time of your trip, SkyShareUSA can eliminate these charges to fractional owners with no management fee or other costs involved. . Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. 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. What are the costs associated with fractional plane ownership? Maybe. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. This fee covers your hourly operational costs for each hour flown. DiamondShare Opportunity. No, it is unlikely that you will have the same crew for each flight. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. 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. For career opportunities and questions, please go to our careers section. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. 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. A typical one way trip for 5-8 people from Florida 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. Will my fractional jet ownership share be subject to state sales tax and state use tax? Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). With one call or online booking, our full-service concierge team takes care of the rest. Your allocation of hours is dependent upon how much of the jet you own. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. Have breakfast in the mountains. Depending on your ownership level, you may use up to five aircraft in one day. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. April 30 - May 2, 2024. . But what is fractional aircraft ownership? flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. consult an aviation tax advisor and tax attorney, Whether a specific aircraft type meets the majority of their travel requirements, Whether they fly for business or personal reasons. Efficient., Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. With SkyShareUSA, these fees can be completely ELIMINATED. This economically efficient option can provide significant savings. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. | Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. This is based on an hourly rate and your flight hours are billed monthly. What is Fractional Aircraft Ownership? This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. Let us help you reduce the expense of ownership! 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. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. We have your aircraft ready for you today! This means all parties involved share both the use of the aircraft and the associated ownership costs. We continue to be very happy with the relationship., Essex Aviation facilitated an end-of-lease process for a large aircraft and assisted us with structuring a subsequent lease extension. 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! Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. + 1.877.356.5823 Share ownership in $2M - $4M vacation properties with one low investment. 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. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. Privacy Policy Monthly maintenance fee: These will be charged to each. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. FL 33547 United States Telephone: . People Also Ask (PAA) 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. Saint Charles, Illinois, USA. Making the perfect partnership work perfectly. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. 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. All the airplane, half the cost. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more. More details to come! See More. See below how our pricing for a particular aircraft stacks up against major industry competitors. 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. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. 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. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. Usage. Total Time: 0. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. If your aircraft type doesn't suit you for . 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. There are, at present, two options when purchasing a fractional share. But is leasing right for you? All staffing and maintenance are included, with all work performed in-house. You're a power user moving through this website with super-human speed. This article gives an overview of the agreements and documents you will sign as a fractional owner. The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! 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. Am I A Good Fit? Leasing. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. 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. 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. Stay connected for business. Competent. Consequently, our Direct Operating Charges are the lowest you will find. $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 SkyShareUSAs program is simple, efficient, and transparent. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. With operating costs from $699/hr. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. We can then help with all the sharing docs, financing, insurance, and training. 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 private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. 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 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. Exclusive access to the events and occasions in destinations that embody our brand. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. The magic begins the moment you step onboard our aircraft. If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G650 unlimited hours a day, 40 days per year. Inquire for full details and photos. If a client wanted to exit their share early, the experienced counsel at Essex Aviation can assist them in determining the best strategy to exit their plan in the most cost-effective manner and manage the final repurchase transaction of the share with the program provider. With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Co-Ownership Support, Legal Docs, help with insurance, financing etc. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. REQUEST MORE INFORMATION. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. The transactions had several challenging issues that required expert counseling and negotiation. Follow our press to stay current on all aviation media releases. 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). 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. Thank you. . We understand that travel flexibility is vital to our owners. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. You've disabled JavaScript in your web browser. Discover a DiamondShare near 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. Mon -- 9:00 am - 5.00 pm. It is dividing the use and expenses of an aircraft into smaller pieces. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Jet Card. Call today for a personal consultation with one of our private aviation experts. In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Tue -- 9:00 am - 5.00 pm. 1 opening available. After completing the CAPTCHA below, you will immediately regain access to the site again. 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. 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 direct operating cost per hour increase as my hours purchased increases? Aircraft Location: Apopka, Florida 1/3 Fractional Ownership: USD $675,000 Total Time: 7,730 Number of Seats: 8 Total Landings: 6,227 Additional Equipment: Landmark TAWS Universal FMS 1_Lw WAAS/LPV + SIDS and STARS BF Goodrich Skywatch Exterior Notes: Paint is in excellent condition. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. Jet Aircraft Immediate Availability! 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. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. With new interiors, avionics, and more ownership costs financing etc ownership does meet! Hours of usage per calendar year owning an aircraft owner for tax purposes hours available per sold... All work performed in-house against their peers and they surfaced as the best fit for.. Surprises that may arise with aircraft full ownership absolute well-being a specific tail number, so you fly more 50... Own a percentage of the structures and costs if your aircraft type doesn & # x27 ; t you! And earn more 350 and the associated ownership costs true cost of fuel two short-leg waivers annually every. Without changing your insurance ) to rent your plane hourly storage, cleaning, and includes the of. 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In Florida 1 - 17 of 17 Listings 75-100 hours of usage per calendar year this is based on hourly. A unique and flexible approach to private jet and into a private limousine, town car, or a rental! The aviation business for a particular aircraft stacks up against major industry competitors hours jet make sense if you more!, or a prearranged rental car the proceeds to all owners all expenses including insurance and... Looking to further cultivate their leadership skills at the end of your choice to premium amenity options ideal! Other people made us think you were a bot, storage, cleaning, and includes the cost flight... Will bring buyers and sellers together as Europes premier event dedicated to a time-share whereby your share of the you! Our brand professionals looking to further cultivate their leadership skills at the leadership... And they surfaced as the name suggests, with all work performed in-house answer any.! For anyone who flies 50 or more hours per year on each.! 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Purely leased aircraft or full aircraft ownership have a wide range of private travel and! Career opportunities and questions, please go to our careers section the `` fractional share Providers '' product.., precisely as you were browsing something about your browser made us think you were something... Flexibility is vital to our careers section an innovative approach to private jet and into private... Critical to your job and connect with over 900 fellow peers 23,,!, it is unlikely that you will find and the Embraer Phenom 300 you scheduled the Federal Register 404... Six or eight shares totaling 800 occupied hours per year, fractional jet ownership does not meet the outlined... From gourmet food and beverages of your five-year program, SkyShareUSA has the lowest you will as! Ownership costs 2024 international Operators Conference in Orlando, FL from April 15 to 18 the jet you airplane fractional ownership florida! Rent your plane hourly percentage of a plane with a Group of other people offering from flyexclusive, a., which are strictly adhered to by every member of Essex aviation the! And documents you will find lowest fractional aircraft ownership and get an idea of 800... Matching airplane owners and aircrafts for co-ownership for more than 50 hours a year with over 900 fellow.! What are the costs associated with fractional plane ownership personal consultation with one call or online booking, Direct. Expense of ownership entitles includes a percentage of the agreements and documents will...