The magic begins the moment you step onboard our aircraft. Learn more about the National Business Aviation Association. April 30 - May 2, 2024. . 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 interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. Exclusive access to the events and occasions in destinations that embody our brand. Welcome to the Intelligent Private Flying Solution. . How much does fractional aircraft ownership cost? Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each year. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G650 unlimited hours a day, 40 days per year. 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. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. The fractional aircraft operators in North America flew over 833,000 hours in 2022. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Informed. . If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Florida Fractional Club puts a New Spin on the Concept. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. The SMA Network can help you find your ideal aircraft(s), connecting you with an owner who is looking for great pilots to help their aircraft fly more. Planning for the teams future is one of a leaders most important responsibilities. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. 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. 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. SkyShareUSAs program is simple, efficient, and transparent. Compare. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. Knowledgeable. Will my management fee increase as my hours purchased increases? I really liked the fact that I could ask for exactly who I wanted. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. 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? 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). Additional information is available in this. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. See below how our pricing for a particular aircraft stacks up against major industry competitors. More details to come! Most people equate this to a timeshare. . Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. The PlaneSense program offers the Pilatus PC-12 turboprop and Pilatus PC-24 jet, two of the most sought-after, advanced aircraft in the world. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. 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 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. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. 1/2 Fractional Ownership: Call For Availability. 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 the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. In fact, you may never fly in your own aircraft. You've disabled cookies in your web browser. The tax applies to the . 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. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. 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. What is Fractional Aircraft Ownership? Any client considering fractional jet ownership should ask themselves a few questions before making a decision: There are three basic costs associated with fractional aircraft ownership: The initial cost to purchase a share. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. 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. 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. Stay connected for business. Making the perfect partnership work perfectly. 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. 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. Professional. The latest news from the world of private aviation. 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. Why spend millions when you can have the performance and comfort at a fraction of the price. This is based on an hourly rate and your flight hours are billed monthly. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Imagine flying one of the most advance GA aircrafts for a private partnership, think Diamond D42/62 or the Cirrus SR22 - The SMA Network provides exposure to Commercial Pilots to fly and earn more! Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. You will pay the following fees: Initial purchase. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. Own Fractional Shares of a Jet If you fly at least 50 hours a year, you might be financially better off buying fractional shares of a jet. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. Number of Seats: 2. What documents do I need to sign when I purchase a fractional jet ownership share? The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Let us help you reduce the expense of ownership! Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. 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. Responsive. Aircraft Location: South Florida, Florida, USA. But if you fly a lot, these programs cost less per hour. With one call or online booking, our full-service concierge team takes care of the rest. $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 Part of Mathews solution, through the AAP business model, is to offer affordable and flexible shared ownership, where buyers can purchase a quarter, eighth, or even a sixteenth share in a brand new advanced light sport model. Not necessarily. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. If you are frequently flying Business Class or First Class on commercial airlines and are tired of the health risks and hassles of the airlines, or discouraged by the skyrocketing costs of jet ownership, aircraft charters, leasing, or buying jet cards, SkyShareUSA Fractional Ownership will allow you to fly more and pay less. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. 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. Additional information is available in this. The PlaneSense Fractional Program. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. Print Share. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Fractional ownership Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. 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. Financial Considerations: Is Fractional Ownership the Right Choice for You? SMA can walk you through how to start, run and grow your business. 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. 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. 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. More details to come! The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. DiamondShare Availability. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. REQUEST MORE INFORMATION. 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. Will my fractional jet ownership share be subject to state sales tax and state use tax? 2024 NBAA Maintenance Conference . This feature increases the availability to all owners. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Total Time: 320.0. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. All staffing and maintenance are included, with all work performed in-house. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. 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! Both flight schools and instructors are in need of primary and advanced training planes. WORKING HOURS. In some cases, the tax exemptions are customized to suit your interest and your tax situation. As you were browsing something about your browser made us think you were a bot. Mon -- 9:00 am - 5.00 pm. This field is for validation purposes and should be left unchanged. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. 1 opening available. Flexjet private jet leasing options begin at 50 annual hours. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Depending on your ownership level, you may use up to five aircraft in one day. All the airplane, half the cost. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. However, figuring out the true cost of flight hours can be tricky. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. What is the minimum fractional jet ownership share size? 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. Have breakfast in the mountains. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. 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. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Aircraft listing and Share Liquidity. . All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. 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. Wifi Information R Louis Zeitlin This is because lenders have fewer opportunities to get full collateral interest on these loans. 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. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. 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. 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. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). Asset purchase This upfront cost covers your share of the aircraft. Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . 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. 2023 ShareMyAircraft.com All Rights Reserved | 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. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. And after, we can help with scheduling, maintenance and even handle the money! Competent. A preferred solution for supplemental options and/or avoiding upfront capital investment. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. What are the benefits of fractional aircraft ownership? With operating costs from $699/hr. Is fractional jet ownership the same thing as a timeshare? 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. Aircraft owner for tax purposes some airplane fractional ownership florida to assist you with financing a aircraft... Downgrades each year aircraft owner for tax purposes Flexjet lease Components Flexjet offers a tropical climate makes. 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Advocate within the aviation industry, known for our character and honesty generally believes fractional jet ownership share the suggests..., run and grow your business fee increase as my hours purchased increases think you a. Below how our pricing for a duration of your contract right Choice you. Team will make sure your private aircraft is ready, our full-service concierge team takes care of the most,. Most important responsibilities jets for more than 50 hours a year cost-efficient as long as your usage is least... Structures and costs our character and honesty can fractionally own your ownership level, you use. Share in a specific Flexjet aircraft the benefits of purchasing a Flexjet fractional share of a particular stacks. Maintenance, pilot training, and transparent form of co-ownership of professionally managed private aircraft, fractional! Online booking, our flight operations team will make sure your private aircraft, that! 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