Think of them as your personal concierge. 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. $157,500 per share - Fractional Home. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Total Time: 320.0. Download the rule as it appeared in the Federal Register (404 KB, PDF) Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Yes, your management fee will increase if you increase your size of share purchased. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. Let the SMA Network help you find the perfect private rental, ownership opportunity, or potential partners at your local airport to co-own a new or used aircraft. Interior recently restored in beautiful cream with gray accents. This rate also includes direct expenses associated with maintenance, standard catering, and engine operation, Fuel Component Adjustment - Added to the base hourly rate to account for fluctuations in the cost of fuel, which varies monthly, However, pricing varies based on timing and varies across operators, Designed for those with minimal travel needs, No fees for repositioning, catering, or de-icing, Typically offers more experienced pilots and crews, Aircraft are often younger and more advanced, You select aircraft and receive guaranteed access, One point of contact + expert operations team, Providers own their aircraft and employ their own pilots, No need to involve more than one provider for long trips, Minimal cabin restrictions (pets allowed on board), VIP access to events, resorts, and product offerings, None of the risks, restrictions, and responsibilities associated with whole ownership, Much smaller upfront capital deployment + fixed costs, Repositioning, catering, and de-icing fees are covered, Ability to upgrade or downgrade aircraft for specific trips, Option to utilize more than one aircraft simultaneously, No maintenance downtime or need for supplemental lift, Option to sell share back to the provider at end of term, Depreciation deductions applicable to a capital asset, Provider handles all crew scheduling, aircraft maintenance, insurance, regulatory compliance, hiring and training, storage and parking. FL 33547 United States Telephone: . Stay connected for business. Partners in Aviation. 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! Professional. The SMA Network can help you find a great plane and pair you up with other pilots that compliment your flying goals in your area! If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. NBAAs 2023 White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Although fractional aircraft ownership companies will always try to have you fly on the specific aircraft model you own, on some occasions it may be necessary to utilize a different model, one that either meets or exceeds the aircraft model type you currently own. 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. Tue -- 9:00 am - 5.00 pm. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. The frontier of travel where innovation meets aviation. Engine 1 Maintenance Program: Other. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. 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. Imagine the Fun you can have with this plane. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Included is our guarantee to cover 100% of all maintenance. 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. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. 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. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Share sizes start at 50 annual flight hours and increase in 25-hour increments. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. 2023 National Business Aviation Association, Flight Department Administration Resources, Single Pilot and Small Aircraft Operators Resources and Benefits, Digital Membership Certificates & Plaques, Benefits for Aviation Vendors and Suppliers, Carriage of Elected Officials and Candidates, Exporting Aircraft from the United States, U.S.-Registered Foreign Civil Aircraft (Part 375), Non-Business Use of Employer-Provided Aircraft, International Standard for Business Aircraft Operations (IS-BAO), International Standard for Business Aircraft Handlers (IS-BAH), Communications, Navigation & Surveillance (CNS), Cockpit Voice Recorders (CVRs) / Flight Data Recorders (FDRs), Minimum Navigation Performance Specifications (MNPS), Reduced Vertical Separation Minima (RVSM), Automatic Dependent Surveillance-Broadcast (ADS-B), Traffic Alert and Collision Avoidance System (TCAS), Terrain Awareness and Warning Systems (TAWS)/Ground Proximity Warning System (GPWS), Sustainable Flight Department Accreditation Program, European Union Emissions Trading Scheme (ETS), Airframe and Powerplant Inspection Authorization, Forum for Enhanced Reliability and Maintainability Standards (FERMS), Security Risk Assessment for Business Aviation, Best Practices for Business Aviation Security, NBAA Humanitarian Emergency Response Operator (HERO) Database, Approval Checklist and Guidance for Potential PDP Providers, Business Aircraft Scheduler Certificate Program, Young Professionals in Business Aviation (YoPro), Business Aviation Essential to Local Economies and National Interest, Minimizing the Industrys Environmental Impact, Building Relationships with Elected Officials, Regional Business Aviation Groups Directory, Regional Business Aviation Groups Library, 2023 NBAA PDP Course: Strategic Planning That Really Works, 2023 European Business Aviation Convention & Exhibition (EBACE2023), 2023 NBAA Business Aviation Taxes Seminar, 2023 NBAA Tax, Regulatory & Risk Management Conference, 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE), 2024 NBAA Schedulers & Dispatchers Conference (SDC2024), 2024 NBAA International Operators Conference, 2024 European Business Aviation Convention & Exhibition (EBACE2024), 2025 NBAA Schedulers & Dispatchers Conference (SDC2025), 2025 European Business Aviation Convention & Exhibition (EBACE2025), 2026 NBAA International Operators Conference (IOC2026), 2026 European Business Aviation Convention & Exhibition (EBACE2026), 2027 European Business Aviation Convention & Exhibition (EBACE2027), Overview of Fractional Rule & Part 135 Changes, The New World of Subpart K Compared with Part 135. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. What are the benefits of fractional aircraft ownership? 2023 ShareMyAircraft.com All Rights Reserved | 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. April 30 - May 2, 2024. . 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. 1999 Cessna Citation Jet available for 50% co-ownership. We have your aircraft ready for you today! Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. Wifi Information R Louis Zeitlin As you were browsing something about your browser made us think you were a bot. As you were browsing something about your browser made us think you were a bot. 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. What is the minimum fractional jet ownership share size? 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. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. 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. One of the main motivators for a fractional purchase is the ability to share the . Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Fractional aircraft share programs are long-lasting relationships. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Your allocation of hours is dependent upon how much of the jet you own. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Yes, however, fractional shares tend to depreciate more due to their high level of annual utilization, resulting in lower residual values. 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. Whatever your private aviation needs may be, we have the solution. 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. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. You've disabled cookies in your web browser. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. 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. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Leasing. What documents do I need to sign when I purchase a fractional jet ownership share? 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. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. You will pay the following fees: Initial purchase. 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. Lifestyle and educational content that brings our brand of aviation to life. We accept no commissions, referral fees or any other forms of compensation from any third parties. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Welcome to the Intelligent Private Flying Solution. Safety and security are essential traveling companions. Owners pay for their slice of the airplane (between $32,900 for bronze and $47,900 for Platinum for a share of a Skylane) and a monthly maintenance fee of between around $317 (Bronze) and $635. 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. Understanding the pros and cons of each model and how it fits into your travel needs is an essential part of any fractional program analysis. 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. Get answers to frequently asked questions about fractional ownership. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. During the 1990s the growth of fractional ownership programs was substantial. Aircraft partnerships (AKA Fractional Aircraft Ownerships). A preferred solution for supplemental options and/or avoiding upfront capital investment. The Intelligent Choice in Private Aviation. term of 60 months Min. Your contract will include a set number of overnights with no daily minimums for the overnights you select. 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. You're a power user moving through this website with super-human speed. This feature increases the availability to all owners. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. 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. Practical. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. If the SMA Network doesnt have the plane you are looking for, we can help you form your own partnership to CO-OWN a new or used plane. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. 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. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Florida Fractional Club puts a New Spin on the Concept. 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. 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. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. The fractional aircraft operators in North America flew over 833,000 hours in 2022. Choose generous interchange bonuses on . We have your aircraft ready for you today! 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. Is fractional jet ownership the same thing as a timeshare? 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. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. . Fractional Ownership Aircraft Charter Interchange Agreements Aircraft Leasing Time Sharing Agreements Reimbursement For Owner-Pilots NBAA's Small Aircraft Exemption Operational Control Aircraft Registration & Transactions Aircraft Transactions Guide Ethical Business Aviation Transactions Exporting Aircraft from the United States Leave all the hassles and worries to us. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. All staffing and maintenance are included, with all work performed in-house. The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! How much does fractional aircraft ownership cost? There is no other jet card or fractional jet share solution that can match it. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. DiamondShare Opportunity. Two Owners. Privacy Policy Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. . 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. Your hours available to other owners within the Versatility Plus pool, cleaning, and charter programs s range! 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