Fractional ownership is basically a partnership with multiple buyers at the corporate level. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Number of Seats: 2. Your contract will include a set number of overnights with no daily minimums for the overnights you select. 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. . Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. 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. 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! Let us help you reduce the expense of ownership! Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. 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. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. AND. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. We understand that travel flexibility is vital to our owners. . There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. What are the benefits of fractional aircraft 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. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . Services; Co-Ownership Vs. Partnership; . Their process was comprehensive and thorough. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. 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. A typical one way trip for 5-8 people from Florida If your aircraft type doesn't suit you for . Your allocation of hours is dependent upon how much of the jet you own. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. 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. What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Will my fractional jet ownership share be subject to state sales tax and state use tax? Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. term of 30 months. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. Download the rule as it appeared in the Federal Register (404 KB, PDF) Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. The PlaneSense Fractional Program. 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. After completing the CAPTCHA below, you will immediately regain access to the site again. . 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 these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. 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. Find out whether a membership/card program, charter, fractional or dedicated aircraft model is right for you and how a private aviation consultant can help you make an informed decision in this free eBook. Your allocation of hours is dependent upon how much of the jet you own. 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). People Also Ask (PAA) Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Potentially. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Whatever your private aviation needs may be, we have the solution. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. 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. Asset purchase This upfront cost covers your share of the aircraft. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Knowledgeable. 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. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. These extensive fees can double your monthly Direct Operating Costs with other companies. Any client considering fractional jet ownership should ask themselves a few questions before making a decision: There are three basic costs associated with fractional aircraft ownership: The initial cost to purchase a share. What is Fractional Aircraft Ownership? Fractional Share Airplane in Tampa, FL. Fractional Jet Ownership Unprecedented Access to Private Air Travel. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Get email alerts when a new share has been posted to your favorite airports! Enter a world of exceptional experiences designed to emulate whole aircraft 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. Is Fractional Ownership the Right Choice for You? Engine 1 Maintenance Program: Other. 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. Follow our press to stay current on all aviation media releases. 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. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. 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