Half the Cost.Oppo. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Do I predominately fly for personal or business reasons? 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. Will my direct operating cost per hour increase as my hours purchased increases? Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. The best part is at the end of your five years of aircraft fractional ownership, SkyShareUSA will resell your jet and distribute the proceeds to all owners. Do fractional aircraft ownership shares have residual resale value? This is calculated as an hourly rate to cover two items: the fixed cost of maintenance also known as a monthly maintenance fee, and the fuel needed for the aircraft type. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. WORKING HOURS. The expertise of Essex allowed us to understand more fully our flight metrics, history, costs and how to match our future aviation needs with available options in a way that would not have been possible on our own., Throughout my career as a family office executive, Essex Aviation has been my go to aviation expert. The latest news from the world of private aviation. 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. What is the length of commitment for fractional aircraft ownership? A preferred solution for supplemental options and/or avoiding upfront capital investment. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Attend EBACE2025 to learn how new advanced aviation technologies will impact your business and which innovations can help make your business more profitable and sustainable. Lifestyle and educational content that brings our brand of aviation to life. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Size Rankings Not necessarily. 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. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours 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! Safety and security are essential traveling companions. Maybe. 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. 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. Aircraft is always hangered. Granting you the ability to "right-size" your jet to fit each trip. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. One of the main motivators for a fractional purchase is the ability to share the . This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. 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. Leave all the hassles and worries to us. By submitting the form, you consent to such processing. + 1.877.356.5823 The cuts are part of its previously announced . 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. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. You're a power user moving through this website with super-human speed. Imagine the Fun you can have with this plane. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. This is based on an hourly rate and your flight hours are billed monthly. You enjoy all the benefits of your private jet, while we handle the rest! FlightRules: IFR But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. Services; Co-Ownership Vs. Partnership; . A typical one way trip for 5-8 people from Florida Leasing. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. 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. 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. 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. There are several key considerations that factor into fractional jet ownership. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. This article gives an overview of the agreements and documents you will sign as a fractional owner. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. The fractional aircraft operators in North America flew over 833,000 hours in 2022. Equity Fund, Shared Ownership. $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 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. 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. 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. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Am I able to fly over my allotted hours for the year? You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Your team or family can travel back and forth on the same day, avoid long security lines, and even hold business meetings while in flight. FL 33547 United States Telephone: . Fractional Share Airplane in Tampa, FL. Maximum tax on fractional aircraft ownership interests.The maximum tax imposed under this chapter, including any discretionary sales surtax under s. 212.055, is limited to $300 on the sale or use in this state of a fractional ownership interest in aircraft pursuant to a fractional aircraft ownership program. What are the costs associated with fractional plane ownership? Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . Serial Number: 1DK245. Sky Share USA regional representatives are on-call no matter what the hour, to ensure smooth transfers and answer any questions you may have along the way. Quite possibly we have the solution that will not break the bank. But what is fractional aircraft ownership? 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. 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 . Our team will assist you with filing initial . 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 flying private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. We have your aircraft ready for you today! Whether or not you should buy a share with a fractional ownership provider or go with whole aircraft ownership depends on the amount of time and money that a person plans on flying. With operating costs from $699/hr. Flexjet private jet leasing options begin at 50 annual hours. Additional information is available in this. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? 212.0597. 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. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. This varies depending on the aircraft type and size of the share. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. Updated November 23, 2020: A fractional ownership contract is one that is common in certain industries, including the aviation industry, vacation homes, timeshares, and other rental properties. The frontier of travel where innovation meets aviation. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. 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. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. The Intelligent Choice in Private Aviation. Candid. For fractional share airplanes in Orlando, FL, browse our . . A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. What documents do I need to sign when I purchase a fractional jet ownership share? 1/2 Fractional Ownership: Call For Availability. 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. This means all parties involved share both the use of the aircraft and the associated ownership costs. Let us help you reduce the expense of ownership! Florida Fractional Club puts a New Spin on the Concept. 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. 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. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. Fractional Jet Ownership Unprecedented Access to Private Air Travel. With fractional, there are minimum and maximum contract periods. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. It is dividing the use and expenses of an aircraft into smaller pieces. Wifi Information R Louis Zeitlin Discover what defines our brand, our services and the standards that set us apart. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Share sizes start at 50 annual flight hours and increase in 25-hour increments. Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Choose generous interchange bonuses on . 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. 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! Potentially. As you were browsing something about your browser made us think you were a bot. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. Stay connected for business. See below how our pricing for a particular aircraft stacks up against major industry competitors. 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. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. Gulfstream G650 Access Programs. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. term of 30 months. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. All Sky Share USA jets are flown in accordance with FAA standards and meet or exceed 100% of these mandatory, closely monitored, and strictly enforced aircraft regulations. 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. Aircraft Location: Pompano Beach, Florida 1/10 Fractional Ownership: Call For Availability Total Time: 6,500 Number of Seats: 7 Interior Notes: Carrying 7 passengers and a crew of two, the interior dimensions measure: 15' 7" long, 4' 10" hig. Compare. How many people do I typically travel with? EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. We can then help with all the sharing docs, financing, insurance, and training. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Traditional share sizes are based on annual flight hours per contract, per year. 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. Thank you. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. For career questions, emailcareers@planesense.com. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Interior recently restored in beautiful cream with gray accents. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. If the program provider utilizes a larger aircraft due to fleet availability or scheduling requirements, you will not be billed any additional costs for the upgraded aircraft. The Pilatus PC-12 Fractional Ownership Program | PlaneSense Pilatus PC-12 Turboprop The Pilatus PC-12 has been an integral part of the PlaneSense fleet since 1995, giving the team more operational experience than any other program. Clients considering fractional aircraft ownership often have different expectations and have varying needs. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. The SMA Network is designed to help you Fly More. 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. 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. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Get answers to frequently asked questions about fractional ownership. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. 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. 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. . ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. However, SkyShareUSA has a program to offset repositioning charges for owners. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. You will pay the following fees: Initial purchase. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. | An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. 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. The transactions had several challenging issues that required expert counseling and negotiation. 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. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. 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. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Monthly Management Fee - Covers the indirect expenses associated with operating your aircraft, including pilot training, insurance, cabin support, trip management, crew provisions, and other administrative costs, Hourly Rate - Charged for each hour an aircraft is in flight, plus 2/10 taxi time. And/Or avoiding upfront capital investment are billed monthly another by the hour term or at... Downgrades each year the rest may choose to reinvest in another by the hour or... 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Items of equipment or a charitable donation may qualify for a tax write-off handling the money - let us you... In Orlando, FL, browse our FL from April 15 to.. Are billed monthly pilots get more exposure and Opportunities to fly over my allotted for! Is dividing the use and expenses of an aircraft owner for tax purposes, Recurrent or Primary Training wifi R...
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