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. Two Owners. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. Asset purchase - this upfront cost covers your share of the aircraft. 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. However, SkyShareUSA has a program to offset repositioning charges for owners. The magic begins the moment you step onboard our aircraft. The user is allowed 75-100 hours of usage per calendar year. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. Call us now at 407-923-2336 to learn more about SkyShare USA. Leasing. Choose generous interchange bonuses on . 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. Call us today at 407-923-2336 and speak with one of our aviation specialists to learn how you can save over 50% compared to private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. Am I A Good Fit? As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Financial Considerations: Is Fractional Ownership the Right Choice for You? Think of them as your personal concierge. 1/2 ownership.160hp GNC355 Full IFR. It made the difference in my flying! Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. 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. This economically efficient option can provide significant savings. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. This means all parties involved share both the use of the aircraft and the associated ownership costs. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. The Essex team has provided key analysis ranging from the mundane, such as the interpretation of the placement of a placard on an aircraft to negotiations relating to an engine care program. Private access to esteemed sporting, philanthropic, social, and educational events. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. Also, my friends who flew my plane, posted comments which helped a great deal as people viewing my listing got a sense of my plane (and me) before meeting me. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. The SMA Network is designed to help you Fly More. 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. Once the client has selected a provider, Essex will provide ongoing representation during the review, including the negotiation of terms, final contracting and closing on the share. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. $7,500 FORANE , Sep 25, 2022 Replies: 2 Views: 955 Dana Oct 8, 2022 For Sale: Aircraft 1972 Bellanca Super Viking (300hp) ($85k) bradg33 , Oct 3, 2022 Replies: 7 Views: 794 Arnold Oct 6, 2022 Wanted: Partnership Seeking Sacramento area partnership juansg , Jan 20, 2020 The 2024 NBAA Schedulers & Dispatchers Conference offers the opportunity for attendees to further their professional development through up-to-date education sessions and a wide variety of networking events. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. You're a power user moving through this website with super-human speed. Imagine flying one of the most advance GA aircrafts for a private partnership, think Diamond D42/62 or the Cirrus SR22 - The SMA Network provides exposure to Commercial Pilots to fly and earn more! Tax Benefits are available from fractional jet ownership as depreciation deductions. 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. 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. If you want to see how fractional aircraft options fit into the . Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. 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). 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. 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. 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. 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. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. info@floridaflightcenter.com. Total Time: 0. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Lifestyle and educational content that brings our brand of aviation to life. 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. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). As you were browsing something about your browser made us think you were a bot. Fractional shares can especially be cost effective if you plan to stay at your destination for a long period of time, since you only pay for your occupied flight time, not the positioning flights. With fractional, there are minimum and maximum contract periods. Unique to Flexjet, Versatility Plus allows you to customize your annual flight hours to align with the actual number of flight hours you need each year. 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. 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. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. 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. The tax applies to the . 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. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. This is based on an hourly rate and your flight hours are billed monthly. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. With our new Global Access Program, we unveil an industry first: dynamic pricing. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. A portion of a share purchase can be sold back to the provider at the end of the contract. 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! Half the Cost.Oppo. Call today for a personal consultation with one of our private aviation experts. 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. You've disabled cookies in your web browser. term of 60 months Min. 2013 Daher Kodiak 100 available for 50% co-ownership.Total Time: 1,200Engine Hours: 1,200Propeller Hours: 1,200PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. Informed. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. 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. "Now, new Vision Jet owners can simply arrive and fly. Upon your return, access to your personally owned vehicle will be waiting for you. 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. 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. 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. Total Time: 320.0. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 2024 NBAA Maintenance Conference . FlightRules: IFR Save the date and make plans to attend the biggest and most productive event of the year for business aviation. We can then help with all the sharing docs, financing, insurance, and training. 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. 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. Will my fractional jet ownership share be subject to state sales tax and state use tax? 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. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. 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. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . 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. Why spend millions when you can have the performance and comfort at a fraction of the price. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. The Intelligent Choice in Private Aviation. Depending on your ownership level, you may use up to five aircraft in one day. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Saint Charles, Illinois, USA. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Practical. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Fractional ownership is basically a partnership with multiple buyers at the corporate level. . You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. If you are frequently flying Business Class or First Class on commercial airlines and are tired of the health risks and hassles of the airlines, or discouraged by the skyrocketing costs of jet ownership, aircraft charters, leasing, or buying jet cards, SkyShareUSA Fractional Ownership will allow you to fly more and pay less. Costs for the duration of your yearly allotment need to find you for their Transition, Recurrent Primary. Fit into the consultation with one of our private aviation experts are significantly lower exposure! And comfort at a fixed hourly rate purchase agreement for your fractional share have... Are strictly adhered to by every member of Essex aviation ownership the Right Choice for you outcome., Lee Tom... Tax benefits are available from fractional jet ownership share be subject to state sales tax state... 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