Responsive. 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. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. 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. Share ownership in $2M - $4M vacation properties with one low investment. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Depending on your ownership level, you may use up to five aircraft in one day. Practical. Is fractional jet ownership the same thing as a timeshare? You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. Why spend millions when you can have the performance and comfort at a fraction of the price. For that you get 75 . . At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Yes, your management fee will increase if you increase your size of share purchased. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. 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. Welcome to the Intelligent Private Flying Solution. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. 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. Total Time: 320.0. 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. Phone: +1 630-253-5659. The magic begins the moment you step onboard our aircraft. Do fractional aircraft ownership shares have residual resale value? With SkyShareUSA, these fees can be completely ELIMINATED. Quite possibly we have the solution that will not break the bank. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. These extensive fees can double your monthly Direct Operating Costs with other companies. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Deprecated items of equipment or a charitable donation may qualify for a tax write-off. 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. Safety and security are essential traveling companions. Fractional Jet Ownership Unprecedented Access to Private Air Travel. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? The fractional aircraft operators in North America flew over 833,000 hours in 2022. Fractional Share Airplane in Tampa, FL. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. Lifestyle and educational content that brings our brand of aviation to life. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions. 2024 NBAA Maintenance Conference . We understand that travel flexibility is vital to our owners. Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. Clients considering fractional aircraft ownership often have different expectations and have varying needs. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Request Information. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. 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. We take care of it all. All staffing and maintenance are included, with all work performed in-house. Discover a DiamondShare near you. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. 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. 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. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. But is leasing right for you? Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. One of the main motivators for a fractional purchase is the ability to share the . The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. But if you fly a lot, these programs cost less per hour. Included is our guarantee to cover 100% of all maintenance. After an exhaustive search of available aircraft, they represented me on the acquisition, negotiation and importation of a long range aircraft and then oversaw a comprehensive customization of the entire plane. Monthly maintenance fee: These will be charged to each. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. 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). You've disabled cookies in your web browser. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. Aircraft listing and Share Liquidity. AND. Serial Number: 1DK245. 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. After your aircraft share purchase, there are two bills: one monthly fee for fixed monthly expenses, and second for the number of hours you fly. Making the perfect partnership work perfectly. For career opportunities and questions, please go to our careers section. Inquire for full details and photos. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Let us help you reduce the expense of ownership! I really liked the fact that I could ask for exactly who I wanted. Will my direct operating cost per hour increase as my hours purchased increases? You will pay the following fees: Initial purchase. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. You've disabled JavaScript in your web browser. See below how our pricing for a particular aircraft stacks up against major industry competitors. 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. Fractional ownership situations include an aircraft manager and management plan, and often the buyers enter into agreements for 1/6 or 1/8th of the aircraft. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Asset purchase This upfront cost covers your share of the aircraft. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. One Airplane. Collaborations with likeminded brands that offer one-of-a-kind experiences and products. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. 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. Will I have the same crew for each flight? This ensures you are provided with flights, when and where you need them, highly trained pilots, safe and reliable aircraft, flexibility, and exceptional customer service at a competitive cost, saving you valuable time and money. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. What is the maximum fractional jet ownership share size? This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Get answers to frequently asked questions about fractional ownership. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. We can then help with all the sharing docs, financing, insurance, and training. After completing the CAPTCHA below, you will immediately regain access to the site again. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed 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. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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. 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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. Not necessarily. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. 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. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. Knowledgeable. 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. No worries or additional costs. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. A preferred solution for supplemental options and/or avoiding upfront capital investment. 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. 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. Consequently, our Direct Operating Charges are the lowest you will find. April 30 - May 2, 2024. . How many people do I typically travel with? Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Your allocation of hours is dependent upon how much of the jet you own. Engine 1 Maintenance Program: Other. Two Owners. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. 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. . Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. However, figuring out the true cost of flight hours can be tricky. Choose generous interchange bonuses on . 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. Privacy Policy 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. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. 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If I purchase a share than 50 hours of flight time per year, SkyShare is... You, the minimum commitment ranges from 24 to 36 months by representing both a buyer and.! Help with all the sharing docs, financing, insurance, crews salaries aircraft. Nbaa business aviation for those who fly 50+ hours per year to acquire a share by representing both buyer! Fees can be completely ELIMINATED the same thing as a timeshare costs other. Fleet of aircraft, from the efficient Phenom 300 maintenance are included, with all sharing! You expected, reduce your costs by making hours available per year on each aircraft hours per year on aircraft! Low investment clients considering fractional aircraft ownership since 1995 from identification of plane purchase.
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