The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Co-ownership allows for costs to be shared among multiple owners, which instantly reduces fixed costs by 50% or more, depending on the number of owners. Aircraft Location: South Florida, Florida, USA. FL 33547 United States Telephone: . Our experienced, personalized concierge service ensures everything from your flight times, hotel accommodations, transportation, as well as every other aspect of your trip is planned, coordinated, and confirmed by your dedicated team. The PlaneSense fractional aircraft ownership program allows you all the luxury and benefits of private aircraft ownership without the hassle of managing the operations of an aircraft. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Fractional ownership can start to make sense if you fly more than 50 hours a year. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. Saint Charles, Illinois, USA. 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. The Second Cost Basis is one low, monthly Fixed Monthly Fee that covers all expenses such as aircraft management, crew, insurance, hangar rental, cleaning, and more. Will my direct operating cost per hour increase as my hours purchased increases? We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. 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. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. Fractional Share is a term used for fractional ownership of an aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. During the 1990s the growth of fractional ownership programs was substantial. It would make more sense for private travelers if it took fewer than 50 hours and they would charter flights rather than buy shares however even then fractional ownership could reduce flying costs. If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. 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. Asset purchase - this upfront cost covers your share of the aircraft. Additional information is available in this. Follow our press to stay current on all aviation media releases. Up to date maintenance and is always kept in a hangar when not in use. But is leasing right for you? $157,500 per share - Fractional Home. Monthly maintenance fee: These will be charged to each. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. 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. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. 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. 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. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. 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. 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). 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. We are committed to protecting the privacy of our clients. 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. You've disabled cookies in your web browser. All the airplane, half the cost. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Call Listing Broker Scott MacDonald Toll Free8882804900 . ShareMyAircraft.com (SMA) is fundamentally changing the way pilots in Florida OWN and ACCESS general aviation aircraft by making it easy for an owner to share their plane with other like-minded highly-qualified pilots, earning them valuable dollars and changing the airplane ownership equation. A typical one way trip for 5-8 people from Florida All staffing and maintenance are included, with all work performed in-house. 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! This economically efficient option can provide significant savings. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. We can then help with all the sharing docs, financing, insurance, and training. The majority of the cost of fractional ownership can be broken down into five parts: With fractional jet ownership, you get the benefits of owning an aircraft without the headache that comes with managing it. 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. Have breakfast in the mountains. Granting you the ability to "right-size" your jet to fit each trip, Unlimited Access offers leading fleet interchange incentives on any aircraft in our fleet. 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. 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. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. . 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 FAAs 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). What are the costs associated with fractional plane ownership? Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. 1999 Cessna Citation Jet available for 50% co-ownership. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. Our team of aviation experts handles every aspect of your travel experience. Should a client decide that fractional aircraft ownership isnt the right option for their situation, or should their needs change, there are a number of other private aviation options available that Essex can offer guidance on, such as: Most fractional share contracts are in place for three to five years. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. 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. 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. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. 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. . For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. SMA can walk you through how to start, run and grow your business. With our new Global Access Program, we unveil an industry first: dynamic pricing. It was easy to request this. WORKING HOURS. Fractional ownership Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. For that you get 75 . Your allocation of hours is dependent upon how much of the jet you own. More details to come! But if you fly a lot, these programs cost less per hour. From the airplane cockpit to the control and data centers and every point in between, deliberate measures have been put in place to provide you with the highest levels of confidence while traveling with us and to preserve your investment. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. What is the length of commitment for fractional aircraft ownership? By submitting the form, you consent to such processing. 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 A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Candid. 1 opening available. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. There are several key considerations that factor into fractional jet ownership. Imagine the Fun you can have with this plane. No, it is unlikely that you will have the same crew for each flight. Professional. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. 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. Private access to esteemed sporting, philanthropic, social, and educational events. These extensive fees can double your monthly Direct Operating Costs with other companies. Other programs offer share sizes based on annual days of utilization per contract year. Download the rule as it appeared in the Federal Register (404 KB, PDF) Tue -- 9:00 am - 5.00 pm. It was so easy to use - I loved making and posting a flyer. Gulfstream G650 Access Programs. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. Equity Residences: Beach Home - Marathon Key, Florida. 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. Thorough. Exclusive access to the events and occasions in destinations that embody our brand. 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. Interior recently restored in beautiful cream with gray accents. If your aircraft type doesn't suit you for . Number of Seats: 2. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. 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. A solid plan makes it easier to navigate todays uncertain world and when priorities change or a crisis happens, a well-crafted plan will help keep the team on track. 2024 NBAA Maintenance Conference . Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. The fractional aircraft operators in North America flew over 833,000 hours in 2022. 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. Is Fractional Ownership the Right Choice for You? NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. With one call or online booking, our full-service concierge team takes care of the rest. How much does fractional aircraft ownership cost? 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. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Welcome to the Intelligent Private Flying Solution. With SkyShareUSA, you can skip the crowds and terminal lines, take advantage of our world-class personalized customer service, and fly privately on your very own fractionally owned Beechjet 400A or Learjet 60 when and where you need to travel. Partners in Aviation. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. 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. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. 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