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. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. What are the costs associated with fractional plane ownership? Call Listing Broker Scott MacDonald Toll Free8882804900 . The tax applies to the . There is no other jet card or fractional jet share solution that can match it. With one call or online booking, our full-service concierge team takes care of the rest. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. What is the length of commitment for fractional aircraft ownership? Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. This means all parties involved share both the use of the aircraft and the associated ownership costs. Jet Card. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. How many people do I typically travel with? 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. Browse a wide selection of new and used Aircraft for fractional ownership near you at Aviation Trader Australia, the leading aircraft marketplace in Australia / Asia & Pacific. Call today for a personal consultation with one of our private aviation experts. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Fractional aircraft share programs are long-lasting relationships. The SMA Network is designed to help you Fly More. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. 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. Responsive. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Monthly maintenance fee: These will be charged to each. All the airplane, half the cost. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Get email alerts when a new share has been posted to your favorite airports! Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. FlightRules: IFR Share ownership in $2M - $4M vacation properties with one low investment. Planning for the teams future is one of a leaders most important responsibilities. Depending on your ownership level, you may use up to five aircraft in one day. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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. All fractional operations will be in compliance with the new rule by the February 2005 deadline. 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. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. The transactions had several challenging issues that required expert counseling and negotiation. 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. 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. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Will my direct operating cost per hour increase as my hours purchased increases? Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. 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. Red Label lets you enjoy the best of whole ownership for a fraction of the cost thanks to crews dedicated to your tail number, interior designs from our LXi Cabin Collection, and much more. 1/2 ownership.160hp GNC355 Full IFR. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. 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. Not necessarily. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Fractional ownership is basically a partnership with multiple buyers at the corporate level. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Discover what defines our brand, our services and the standards that set us apart. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . Essex Aviation is not a brokerage firm and does not list aircraft for sale. Aircraft Location: South Florida, Florida, USA. Learn more about the National Business Aviation Association. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. If the program provider utilizes a larger aircraft due to fleet availability or scheduling requirements, you will not be billed any additional costs for the upgraded aircraft. With operating costs from $699/hr. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. After completing the CAPTCHA below, you will immediately regain access to the site again. info@floridaflightcenter.com. Private aviation offers numerous benefits, but each service option comes with its pros and cons. 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. 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. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. Compare. 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. DiamondShare Availability. Youll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead. But what is fractional aircraft ownership? Share sizes start at 50 annual flight hours and increase in 25-hour increments. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Tue -- 9:00 am - 5.00 pm. 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. The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Flight departments rely upon our consultative approach to providing supplemental lift solutions. 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. Imagine the Fun you can have with this plane. 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. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. The cuts are part of its previously announced . 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. I was never once disappointed. The fractional aircraft operators in North America flew over 833,000 hours in 2022. 1 opening available. This feature increases the availability to all owners. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . Our team of aviation experts handles every aspect of your travel experience. Half the Cost.Oppo. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 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. Practical. Print Share. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. We are committed to protecting the privacy of our clients. In fact, you may never fly in your own aircraft. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Quite possibly we have the solution that will not break the bank. WORKING HOURS. With SkyShareUSA, these fees can be completely ELIMINATED. 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. Wifi Information R Louis Zeitlin Up to date maintenance and is always kept in a hangar when not in use. As you were browsing something about your browser made us think you were a bot. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. 2001 and 2002 Cessna Citation 560 XL aircraft 1/3 ownership for sale in Fort Lauderdale, FL professionally managed, professionally flown, aircraft are on engine programs, aircraft will be operated . With the SMA Network, your plane can earn you income while they fly and keep it maintained. Co-Ownership Support, Legal Docs, help with insurance, financing etc. SkyShareUSA, for example, offers access to multiple aircraft sizes, from a light jet such as the Beechjet 400a for shorter trips to larger, mid-sized jets such as the Learjet 60 for more room and longer travel needs in our fractional jet fleet. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. No. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. AND. Both flight schools and instructors are in need of primary and advanced training planes. We accept no commissions, referral fees or any other forms of compensation from any third parties. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). Florida Fractional Club puts a New Spin on the Concept. You're a power user moving through this website with super-human speed. 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. 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 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. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. However, SkyShareUSA has a program to offset repositioning charges for owners. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. 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, Contact us for your customized private flying solution. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. 2024 NBAA Maintenance Conference . 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. 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. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . 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. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . Equity Fund, Shared Ownership. The PlaneSense program offers the Pilatus PC-12 turboprop and Pilatus PC-24 jet, two of the most sought-after, advanced aircraft in the world. For career opportunities and questions, please go to our careers section. With the industry's most innovative model, the jet is yours for the day, not the hour, giving you the ability to visit multiple locations in a single day. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. The Pilatus PC-12 Fractional Ownership Program | PlaneSense Pilatus PC-12 Turboprop The Pilatus PC-12 has been an integral part of the PlaneSense fleet since 1995, giving the team more operational experience than any other program. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. Our success lies in delivering maximum freedom of movement, comfort, and familiarity while ensuring that every single flight reaffirms our owners decision to join the PlaneSense fractional program. George Antoniadis, CEO & President. This fee covers your hourly operational costs for each hour flown. 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. You're a power user moving through this website with super-human speed. Partners in Aviation. 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. With fractional, there are minimum and maximum contract periods. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. 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. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. The Intelligent Choice in Private Aviation. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. Will my fractional jet ownership share be subject to state sales tax and state use tax? Services; Co-Ownership Vs. Partnership; . 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. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. Maybe. 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. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. Consequently, our Direct Operating Charges are the lowest you will find. Mon -- 9:00 am - 5.00 pm. You've disabled cookies in your web browser. SMA can walk you through how to start, run and grow your business. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. The AAP model is said to represent hassle-free, turnkey . These extensive fees can double your monthly Direct Operating Costs with other companies. Is Fractional Ownership the Right Choice for You? The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. With our new Global Access Program, we unveil an industry first: dynamic pricing. Although it is possible to exceed your yearly allocation by borrowing against the next years allotted hours, each fractional plane ownership company has different restrictions concerning this practice. Every pilot is type-rated in their assigned aircraft. Instead, fractional jet ownership falls under FAR 91 Sub Part K. Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. 1/2 Fractional Ownership: Call For Availability. Financial Considerations: Is Fractional Ownership the Right Choice for You? 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. The PlaneSense Fractional Program. How much does fractional aircraft ownership cost? Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. 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. Print Share. Gulfstream G650 Access Programs. Our comprehensive combination of aircraft volume purchasing, sales, maintenance, and refurbishment including avionics, interiors, and exteriors under one roof allows us to provide Fractional Ownership at a fraction of the cost of other fractional providers and jetcard programs. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. The frontier of travel where innovation meets aviation. 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. . Contact us today to become a fractional owner and lets start your journey. Fractional Jet Ownership Unprecedented Access to Private Air Travel. This economically efficient option can provide significant savings. 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. But his concept is more than just an affordable buy-in. You've disabled cookies in your web browser. We have your aircraft ready for you today! With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Total Time: 0. Get paid and be a trusted source to help manage aircraft for owners. 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. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. After completing the CAPTCHA below, you will immediately regain access to the site again. 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. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Why rent or lease, when you can fractionally own? If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Why spend millions when you can have the performance and comfort at a fraction of the price. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. 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. Number of Seats: 2. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. $157,500 per share - Fractional Home. The 2023 NBAA Tax, Regulatory & Risk Management Conference is the premier conference for attorneys, CPAs, financial advisors, CFOs and flight operations professionals looking for tax planning strategies from industry leaders. We have your aircraft ready for you today! 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. Fractional ownership can start to make sense if you fly more than 50 hours a year. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Registration #: N245WB. Welcome to the Intelligent Private Flying Solution. It was easy to request this. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. Potentially. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. We understand that travel flexibility is vital to our owners. Request Information. One of the main motivators for a fractional purchase is the ability to share the . term of 60 months Min. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. 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. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. Your allocation of hours is dependent upon how much of the jet you own. It made the difference in my flying! 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. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. Most people equate this to a timeshare. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. Fractional Share Airplane in Tampa, FL. 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. Do I predominately fly for personal or business reasons? This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. What types of fractional aircraft ownership shares are available? Passionate about aviation since they were in their teens, Lee and Tom provide a unique combination of experience and a wealth of unparalleled knowledge while advocating for their clients interests. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. To represent hassle-free, turnkey advanced training Planes hours for a combined 70+ years not! May never fly in your own aircraft you income while they fly and airplane fractional ownership florida maintained... Start your journey be a trusted source to help you fly more than 50 hours of flight per,. 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