I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. SMA can walk you through how to start, run and grow your business. 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. 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. WORKING HOURS. Aircraft listing and Share Liquidity. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Choose generous interchange bonuses on . With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. Personal data will be processed, stored, and used in accordance with the terms set out in our privacy policy. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Florida Fractional Club puts a New Spin on the Concept. Your allocation of hours is dependent upon how much of the jet you own. 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. Half the Cost.Oppo. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Competent. 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. It is dividing the use and expenses of an aircraft into smaller pieces. Get answers to frequently asked questions about fractional ownership. 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. One Airplane. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. All staffing and maintenance are included, with all work performed in-house. You've disabled cookies in your web browser. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. 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. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. 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. FlightRules: IFR Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. 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. . 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. "Now, new Vision Jet owners can simply arrive and fly. 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. This fee covers your hourly operational costs for each hour flown. There is a significant amount of paperwork involved when purchasing a fractional jet ownership share but the primary documents youll sign are a purchase agreement, a management agreement, an ownership agreement and a dry lease exchange agreement. What is the minimum fractional jet ownership share size? With the purchase of a Citation CJ3+ fra.See More Details Serial Number 525B-0607 Total Time 515 Number of Seats 8 Year Interior 2020 flyExclusive Fractional Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. 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. 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. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Will I have the same crew for each flight? 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. 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. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. 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. DiamondShare Opportunity. 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 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. Stay connected for business. What is the length of commitment for fractional aircraft ownership? Collaborations with likeminded brands that offer one-of-a-kind experiences and products. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. What documents do I need to sign when I purchase a fractional jet ownership share? 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. Designed for those who fly 50 or more hours per year, fractional ownership provides access to multiple cabin sizes equipped for a variety of needs and mission types. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Inquire for full details and photos. 2023 ShareMyAircraft.com All Rights Reserved | Private aviation offers numerous benefits, but each service option comes with its pros and cons. We provide high-net-worth individuals, corporations and family offices with the insight and expertise they need to confidently navigate the purchase or lease of a fractional share. With fractional, there are minimum and maximum contract periods. More details to come! No worries or additional costs. 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. The SMA Network is designed to help you Fly More. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Knowledgeable. Discover a DiamondShare near you. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. 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. 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. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. 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). Aircraft Location: South Florida, Florida, USA. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. We accept no commissions, referral fees or any other forms of compensation from any third parties. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the Compare. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. Registration #: N245WB. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Depending on your ownership level, you may use up to five aircraft in one day. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. The 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. Will my direct operating cost per hour increase as my hours purchased increases? It was easy to request this. Fractional ownership Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. Leasing. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . We have your aircraft ready for you today! For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Flight departments rely upon our consultative approach to providing supplemental lift solutions. The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. 1999 Cessna Citation Jet available for 50% co-ownership. 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. Quite possibly we have the solution that will not break the bank. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. Let us help you reduce the expense of ownership! Do fractional aircraft ownership shares have residual resale value? The AAP model is said to represent hassle-free, turnkey . You've disabled JavaScript in your web browser. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. 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Of fractional shares for luxury travel is exclusive access to a fleet aircraft! One-Of-A-Kind experiences and products you with financing a fractional jet ownership by matching airplane owners and aircrafts for co-ownership your...
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