Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. 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. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Leave all the hassles and worries to us. One Airplane. However, SkyShareUSA has a program to offset repositioning charges for owners. The operating time for a fractional plane is usually based on 800 hours a year, in other words the operators expect the aircraft to be flying for 800 hours each year. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Your allocation of hours is dependent upon how much of the jet you own. Essex Aviation is not a brokerage firm and does not list aircraft for sale. It is dividing the use and expenses of an aircraft into smaller pieces. 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. 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. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. What documents do I need to sign when I purchase a fractional jet ownership share? The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. 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. Thorough. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 1 opening available. "Now, new Vision Jet owners can simply arrive and fly. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. 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. Contact SkyShare USA or your accountant to discuss tax deductions from our program. Contact us today to become a fractional owner and lets start your journey. Essex Aviation recommends that prospective fractional jet ownership clients consider the following before making a decision: There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model. 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. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. Am I able to fly over my allotted hours for the year? Jet Aircraft Immediate Availability! Making the perfect partnership work perfectly. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare 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. For fractional share airplanes in Orlando, FL, browse our . 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. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. I really liked the fact that I could ask for exactly who I wanted. 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. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. What is the maximum fractional jet ownership share size? Safety and security are essential traveling companions. 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. Our elite team of aviation experts handles every detail, from trip planning to maintenance. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. Request Information. If you are frequently flying Business Class or First Class on commercial airlines and are tired of the health risks and hassles of the airlines, or discouraged by the skyrocketing costs of jet ownership, aircraft charters, leasing, or buying jet cards, SkyShareUSA Fractional Ownership will allow you to fly more and pay less. These extensive fees can double your monthly Direct Operating Costs with other companies. Total Time: 0. 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. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. term of 30 months. But is leasing right for you? lowest fractional aircraft program share costs, Less hassle than whole aircraft ownership, Best Jet Ownership Fractional Program In The Industry, Contact Us & See How We Can Save You Money On A Private Aviation Solution. 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. 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! With our new Global Access Program, we unveil an industry first: dynamic pricing. Fractional Jet Ownership Unprecedented Access to Private Air Travel. The FAA's 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). 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. 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. What are the key considerations for fractional jet ownership? Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. 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. Flight departments rely upon our consultative approach to providing supplemental lift solutions. Granting you the ability to "right-size" your jet to fit each trip, Unlimited Access offers leading fleet interchange incentives on any aircraft in our fleet. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. 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. Financial Considerations: Is Fractional Ownership the Right Choice for You? FL 33547 United States Telephone: . Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. 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. Will my direct operating cost per hour increase as my hours purchased increases? With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. The cuts are part of its previously announced . Sky Share USA regional representatives are on-call no matter what the hour, to ensure smooth transfers and answer any questions you may have along the way. REQUEST MORE INFORMATION. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. 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. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. This economically efficient option can provide significant savings. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Capital Cost (Ownership): An asset purchase that allows for a minimum of 50 flight hours per year priced at predictable rates over a specific term in the type of aircraft owned. Interior recently restored in beautiful cream with gray accents. Stay connected for business. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . Do I predominately fly for personal or business reasons? Aircraft Location: South Florida, Florida, USA. 2023 ShareMyAircraft.com All Rights Reserved | Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. The PlaneSense Fractional Program. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Aircraft listing and Share Liquidity. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. What is Fractional Aircraft 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. As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. 2024 NBAA Maintenance Conference . 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). Informed. People Also Ask (PAA) Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. 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. Potentially. Fractional ownership is basically a partnership with multiple buyers at the corporate level. Learn more about the National Business Aviation Association. For that you get 75 . 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. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? 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. You will pay the following fees: Initial purchase. This article gives an overview of the agreements and documents you will sign as a fractional owner. Privacy Policy 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. Saint Charles, Illinois, USA. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. 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. In fact, you may never fly in your own aircraft. Leasing. Fractional aircraft share programs are long-lasting relationships. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to 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. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. 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. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Every pilot is type-rated in their assigned aircraft. Jet Card. This fee covers your hourly operational costs for each hour flown. All fractional operations will be in compliance with the new rule by the February 2005 deadline. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. 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. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. 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. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. 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. Will my fractional jet ownership share be subject to state sales tax and state use tax? Hangared in Venice FL. 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. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. This field is for validation purposes and should be left unchanged. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. SMA can walk you through how to start, run and grow your business. Is Fractional Ownership the Right Choice for You? Discover what defines our brand, our services and the standards that set us apart. Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. 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