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. We accept no commissions, referral fees or any other forms of compensation from any third parties. The operating time for a fractional plane is usually based on 800 hours a year, in other words the operators expect the aircraft to be flying for 800 hours each year. This is based on an hourly rate and your flight hours are billed monthly. 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. 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. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. See below how our pricing for a particular aircraft stacks up against major industry competitors. 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. Private aviation offers numerous benefits, but each service option comes with its pros and cons. The frontier of travel where innovation meets aviation. 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. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. Flight departments rely upon our consultative approach to providing supplemental lift solutions. As you were browsing something about your browser made us think you were a bot. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. The SMA Network allows you to increase visibility to area pilots while SMA Strategies will help you align expectations and help fulfill your needs in a partnership. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. Call us now at 407-923-2336 to learn more about SkyShare USA. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. 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. Contact us today to become a fractional owner and lets start your journey. You're a power user moving through this website with super-human speed. Interior recently restored in beautiful cream with gray accents. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. Think of them as your personal concierge. One Airplane. . This means all parties involved share both the use of the aircraft and the associated ownership costs. 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. EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation. 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. Upon your return, access to your personally owned vehicle will be waiting for you. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. You've disabled JavaScript in your web browser. With the SMA Network, your plane can earn you income while they fly and keep it maintained. Tue -- 9:00 am - 5.00 pm. Our team will assist you with filing initial . 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. Total Time: 320.0. But what is fractional aircraft ownership? 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 success lies in delivering maximum freedom of movement, comfort, and familiarity while ensuring that every single flight reaffirms our owners decision to join the PlaneSense fractional program. George Antoniadis, CEO & President. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. Financial Considerations: Is Fractional Ownership the Right Choice for You? We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. 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. You've disabled cookies in your web browser. Lifestyle and educational content that brings our brand of aviation to life. Asset purchase This upfront cost covers your share of the aircraft. 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. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. For career questions, emailcareers@planesense.com. This article gives an overview of the agreements and documents you will sign as a fractional owner. 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. It made the difference in my flying! How many people do I typically travel with? Informed. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. Saint Charles, Illinois, USA. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. The Essex team has provided key analysis ranging from the mundane, such as the interpretation of the placement of a placard on an aircraft to negotiations relating to an engine care program. Flexjet private jet leasing options begin at 50 annual hours. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. 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. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. 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. More details to come! Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. The transactions had several challenging issues that required expert counseling and negotiation. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. If youre interested in elevating your career to the next level, look no further than SDC2025. One of the main motivators for a fractional purchase is the ability to share the . Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. There are, at present, two options when purchasing a fractional share. Professional. This feature increases the availability to all owners. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. With one call or online booking, our full-service concierge team takes care of the rest. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. Leasing. 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. This varies depending on the aircraft type and size of the share. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Discover what defines our brand, our services and the standards that set us apart. This is because lenders have fewer opportunities to get full collateral interest on these loans. 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. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. 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. 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. 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. 1/2 Fractional Ownership: Call For Availability. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Gulfstream G650 Access Programs. By submitting the form, you consent to such processing. . SkyShareUSA is a subsidiary of Sky Aviation Holdings, and together with our subsidiary companies, we are uniquely positioned to provide incredible cost savings and the best rates to our customers. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. 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. 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. 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. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Maybe. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed SkyShare USA was founded on the idea that jet ownership can be simple and affordable. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Private access to esteemed sporting, philanthropic, social, and educational events. 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. Request Information. Privacy Policy 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. Fractional Jet Ownership Unprecedented Access to Private Air Travel. There is no other jet card or fractional jet share solution that can match it. However, SkyShareUSA has a program to offset repositioning charges for owners. 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. 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. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Two Owners. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. During the 1990s the growth of fractional ownership programs was substantial. Tax Benefits are available from fractional jet ownership as depreciation deductions. Whatever your private aviation needs may be, we have the solution. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. 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. Clients considering fractional aircraft ownership often have different expectations and have varying needs. 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. 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