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. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. You will pay the following fees: Initial purchase. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. People Also Ask (PAA) Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. 2001 and 2002 Cessna Citation 560 XL aircraft 1/3 ownership for sale in Fort Lauderdale, FL professionally managed, professionally flown, aircraft are on engine programs, aircraft will be operated . 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. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. This fee covers your hourly operational costs for each hour flown. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. 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 user is allowed 75-100 hours of usage per calendar year. Responsive. 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. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. 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. Will I have the same crew for each flight? Tax Benefits are available from fractional jet ownership as depreciation deductions. The cuts are part of its previously announced . 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. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. What are the costs associated with fractional plane ownership? Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. With SkyShareUSA, these fees can be completely ELIMINATED. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. How many people do I typically travel with? And after, we can help with scheduling, maintenance and even handle the money! DiamondShare Availability. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. 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. . There are several key considerations that factor into fractional jet ownership. For fractional share airplanes in Orlando, FL, browse our . Hangared in Venice FL. Do I predominately fly for personal or business reasons? Potentially. Instead, fractional jet ownership falls under FAR 91 Sub Part K. Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . 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. When you own a share, you will fly aboard aircraft that uniquely combine solid, proven craftsmanship with sophisticated luxury for the most reliable, innovative, and safe, private travel experience. 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. 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. 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. Asset purchase - this upfront cost covers your share of the aircraft. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. 1999 Cessna Citation Jet available for 50% co-ownership. Fractional ownership can start to make sense if you fly more than 50 hours a year. 2023 ShareMyAircraft.com All Rights Reserved | But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. Saint Charles, Illinois, USA. I really liked the fact that I could ask for exactly who I wanted. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Welcome to the Intelligent Private Flying Solution. . A portion of a share purchase can be sold back to the provider at the end of the contract. The AAP model is said to represent hassle-free, turnkey . 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. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. 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. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. 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. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Essex Aviation recommends that prospective fractional jet ownership clients consider the following before making a decision: There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model. You've disabled JavaScript in your web browser. This varies depending on the aircraft type and size of the share. 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. 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. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. 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. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. The PlaneSense Fractional Program. Privacy Policy Call Listing Broker Scott MacDonald Toll Free8882804900 . 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. This article gives an overview of the agreements and documents you will sign as a fractional owner. 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. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single 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. It is dividing the use and expenses of an aircraft into smaller pieces. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. 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. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. 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. term of 60 months Min. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. In fact, you may never fly in your own aircraft. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. 1/2 Fractional Ownership: Call For Availability. FlightRules: IFR This field is for validation purposes and should be left unchanged. 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. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Am I able to fly over my allotted hours for the year? The Intelligent Choice in Private Aviation. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. 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. 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. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. With one call or online booking, our full-service concierge team takes care of the rest. These extensive fees can double your monthly Direct Operating Costs with other companies. 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. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. 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. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. 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 Registration #: N245WB. Serial Number: 1DK245. 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. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. This feature increases the availability to all owners. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. Total Time: 0. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. 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. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. . 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! 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. Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. What types of fractional aircraft ownership shares are available? SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. It was so easy to use - I loved making and posting a flyer. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. term of 30 months. See how companies of all sizes use aircraft to help their businesses succeed. Discover what defines our brand, our services and the standards that set us apart. 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. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. It was easy to request this. High/Low/Average 1 . Will my direct operating cost per hour increase as my hours purchased increases? Services; Co-Ownership Vs. Partnership; . Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. 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. In some cases, the tax exemptions are customized to suit your interest and your tax situation. 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. 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. Safety and security are essential traveling companions. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. Interior recently restored in beautiful cream with gray accents. What is Fractional Aircraft Ownership? 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. 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. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. 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. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. It made the difference in my flying! Essex Aviation is not a brokerage firm and does not list aircraft for sale. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. I was never once disappointed. However, figuring out the true cost of flight hours can be tricky. As some of the most rigorously flight-trained and experienced pilots in the industry, the pilots of SkyShareUSA's fleet exceed the highest levels of professionalism, proficiency, and flying expertise required by the Federal Aviation Regulations, Part 135. Practical. 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. 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