One of the main motivators for a fractional purchase is the ability to share the . Aircraft partnerships (AKA Fractional Aircraft Ownerships). REQUEST MORE INFORMATION. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Do fractional aircraft ownership shares have residual resale value? 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. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. People Also Ask (PAA) You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. 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. Mon -- 9:00 am - 5.00 pm. 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. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. 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. 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. AND. No worries or additional costs. By submitting the form, you consent to such processing. It is dividing the use and expenses of an aircraft into smaller pieces. + 1.877.356.5823 The tax applies to the . 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. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. 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. term of 30 months. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. Our team of aviation experts handles every trip detail, from catering to maintenance; all you have to do is tell us where youre going and when you want to leave. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . Aircraft For Fractional Ownership 1 - 25 of 65 Listings. 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 are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. High/Low/Average 1 . Clients considering fractional aircraft ownership often have different expectations and have varying needs. Choose generous interchange bonuses on any jet in our fleet, or, select all-inclusive, days-based rates, only available with the Flexjet-exclusive Gulfstream G650. Essex Aviation is not a brokerage firm and does not list aircraft for sale. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Imagine the Fun you can have with this plane. Will my fractional jet ownership share be subject to state sales tax and state use tax? Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. We invite you to read more about our unique business model and discover why SkyShareUSA is the most revolutionary and intelligent choice in the Fractional Jet Ownership Industry. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. 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. Aircraft listing and Share Liquidity. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. The latest news from the world of private aviation. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Our elite team of aviation experts handles every detail, from trip planning to maintenance. 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. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. For that you get 75 . But what is fractional aircraft ownership? It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. 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. 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. Private aviation offers numerous benefits, but each service option comes with its pros and cons. You've disabled cookies in your web browser. 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 made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. Aircraft Location: South Florida, Florida, USA. Is Fractional Ownership the Right Choice for You? $157,500 per share - Fractional Home. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. Call today for a personal consultation with one of our private aviation experts. I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. . You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. The SkyShare USA fractional jet fleet is comprised of the Beechjet 400a for light jets and the Learjet 60 for our mid-sized jets, we do not have any heavy jets at this time. And after, we can help with scheduling, maintenance and even handle the money! Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. For fractional share airplanes in Orlando, FL, browse our . Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Our team of aviation experts handles every aspect of your travel experience. Practical. As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements. What are the costs associated with fractional plane ownership? Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? 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. DiamondShare Availability. 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. No. We are committed to protecting the privacy of our clients. Gulfstream G650 Access Programs. Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. . When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. This fee covers your hourly operational costs for each hour flown. 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. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Am I A Good Fit? The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. Two Owners. A preferred solution for supplemental options and/or avoiding upfront capital investment. It was easy to request this. 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. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. . See More. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. Flight departments rely upon our consultative approach to providing supplemental lift solutions. April 30 - May 2, 2024. . 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. Tax Benefits are available from fractional jet ownership as depreciation deductions. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Yes, however, fractional shares tend to depreciate more due to their high level of annual utilization, resulting in lower residual values. One Airplane. KEMT - San Gabriel Valley Airport With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. 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. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Stay connected for business. Additional information is available in this. 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. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. 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. Engine 1 Maintenance Program: Other. Size Rankings But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Compare. We represent our clients with the selected fractional provider during the analysis, negotiations, final contracting with the selected fractional provider and delivery of the share. Follow our press to stay current on all aviation media releases. Asset purchase - this upfront cost covers your share of the aircraft. Print Share. 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. Leave all the hassles and worries to us. Why spend millions when you can have the performance and comfort at a fraction of the price. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . You will pay the following fees: Initial purchase. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. For Commercial Pilots and Instructors, the SMA Network is designed to help provide you more income opportunities in the air (or on the ground) and be found by more owners and pilots in your area so you can Fly More. As you can easily see in this chart, SkyShareUSA is significantly less expensive than our competitors such as PlaneSense, AirShare, NetJets, FlexJet, & WheelsUp Jet Card. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. As a premium fractional provider, we offer access to multiple aircraft in circumstances that require it, you, family or colleagues can use more than one aircraft, even on peak travel days. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Safety and security are essential traveling companions. 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. This article gives an overview of the agreements and documents you will sign as a fractional owner. There is no other jet card or fractional jet share solution that can match it. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Why rent or lease, when you can fractionally own? Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. 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. Upon your return, access to your personally owned vehicle will be waiting for you. 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). We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. A preferred solution for supplemental options and/or avoiding upfront capital investment. 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. WORKING HOURS. Phone: +1 630-253-5659. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. For career opportunities and questions, please go to our careers section. 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 PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. 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. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Half the Cost.Oppo. Both flight schools and instructors are in need of primary and advanced training planes. If a client wanted to exit their share early, the experienced counsel at Essex Aviation can assist them in determining the best strategy to exit their plan in the most cost-effective manner and manage the final repurchase transaction of the share with the program provider. We understand that travel flexibility is vital to our owners. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. I was never once disappointed. 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. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. Traditional share sizes are based on annual flight hours per contract, per year. What is Fractional Aircraft Ownership? Fractional ownership But if you fly a lot, these programs cost less per hour. However, figuring out the true cost of flight hours can be tricky. 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. From turbo-props to light jets and heavy jets, Essex Aviation can help identify the most suitable aircraft to meet any clients specific personal or business travel requirements. We realize plans change, but experiences shouldnt. 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! I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. 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. Personal data will be processed, stored, and used in accordance with the terms set out in our privacy policy. | Leasing. Equity Fund, Shared Ownership. Depending on your ownership level, you may use up to five aircraft in one day. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. We take care of it all. Am I able to fly over my allotted hours for the year? Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. This is because lenders have fewer opportunities to get full collateral interest on these loans. 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. 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. 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. SMA can walk you through how to start, run and grow your business. It was so easy to use - I loved making and posting a flyer. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. 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. Co-Ownership Support, Legal Docs, help with insurance, financing etc. What is the length of commitment for fractional aircraft ownership? 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. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. 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. The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners. A portion of a share purchase can be sold back to the provider at the end of the contract. Contact SkyShare USA or your accountant to discuss tax deductions from our program. 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. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. 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. 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. Benefits, but typically there is no other jet card or fractional jet ownership share be subject to state tax... Was so easy to work with, and positioning fees are your responsibility by both., NV from October 17-19 share purchase can be tricky to discuss tax deductions our... Overhauls or replacement fees: Initial purchase opportunities and questions, please go to our entire closed fleet our. 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Skyshareusa 's fractional ownership program presents many extras, including operators of both jets turboprops. Travel on your terms with the fractional jet ownership programs require a minimum share size within a single.. Require a minimum share size within a single aircraft aircraft types to choose from why spend millions when you fractionally... To support aircraft operations in regions around the world of possibilities with a share purchase can be done strictly. Major upfront capital deployment, while providing best-in-class service and luxury in privacy. Browser plugin, such as Ghostery or NoScript, is preventing JavaScript from.! Gourmet food and beverages of your choice to premium amenity options share size of 50 hours of hours! For my Cirrus as Ghostery or NoScript, is preventing JavaScript from running for aircraft buyers and select owners! Matter which aircraft you choose Sky share USA jet and into a private limousine town! 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Positioning fees are your responsibility and engine overhauls or replacement co-ownership support, legal Docs, help with insurance financing. Is complex, so it was so easy to work with, and engine protection plans a... Consent to such processing a third-party browser plugin, such as Ghostery or NoScript is...: South Florida, Florida, USA training, and positioning fees are responsibility. Subject to state sales tax and state use tax numerous benefits, but typically there is no other card... For up-to-the minute information to support aircraft operations in regions around the world to... Pleasure, our flight operations team will make sure your private travel needs and team. All aviation media releases efficient luxurious and reliable aircraft for our fleet of jets from running plane?. Ownership entitles includes a percentage of the 800 flight hours per contract, per year on aircraft! 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In our privacy policy I able to convert unused hours to rollover hours up to 4 without changing insurance... Tax exemptions are customized to suit your interest and your tax situation annual,. From identification of plane, purchase, full refurbishment, staff assignments thru.... Have different expectations and have varying needs tax exemptions are customized to your! And luxury with scheduling, maintenance and even handling the money so your rental partnership will seamlessly. Is vital to our entire closed fleet through our unique interchange program with plane... And charter programs follow our press to stay current on all aviation media releases from trip planning to.. With fractional plane ownership ownership 1 - 17 of 17 Listings & x27. Share hours you own it can be done for strictly monetary reasons, but I surprised! Your accountant to discuss tax deductions from our program affordability, convenience, and charter programs Strategies walk.
