SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. 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. No worries or additional costs. With our new Global Access Program, we unveil an industry first: dynamic pricing. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. 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 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. The frontier of travel where innovation meets aviation. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Fractional aircraft share programs are long-lasting relationships. Fractional Jet Ownership Unprecedented Access to Private Air Travel. 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. Welcome to the Intelligent Private Flying Solution. 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. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. I was never once disappointed. Yes, your management fee will increase if you increase your size of share purchased. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. 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. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. Browse a wide selection of new and used Aircraft for fractional ownership near you at Aviation Trader Australia, the leading aircraft marketplace in Australia / Asia & Pacific. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. What types of fractional aircraft ownership shares are available? The user is allowed 75-100 hours of usage per calendar year. These extensive fees can double your monthly Direct Operating Costs with other companies. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Efficient., Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. We have your aircraft ready for you today! In some cases, the tax exemptions are customized to suit your interest and your tax situation. Think of them as your personal concierge. Registration #: N245WB. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. Imagine the Fun you can have with this plane. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Private access to esteemed sporting, philanthropic, social, and educational events. 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. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. The transactions had several challenging issues that required expert counseling and negotiation. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. There are several key considerations that factor into fractional jet ownership. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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. We are committed to protecting the privacy of our clients. 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. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. DiamondShare Availability. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. We continue to be very happy with the relationship., Essex Aviation facilitated an end-of-lease process for a large aircraft and assisted us with structuring a subsequent lease extension. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. Am I able to fly over my allotted hours for the year? Interior recently restored in beautiful cream with gray accents. 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. How much does fractional aircraft ownership cost? With one call or online booking, our full-service concierge team takes care of the rest. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. 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! Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed FL 33547 United States Telephone: . 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). The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. AND. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. 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. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. More details to come! 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. 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. 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. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. 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. . If youre interested in elevating your career to the next level, look no further than SDC2025. Will my management fee increase as my hours purchased increases? . Florida Fractional Club puts a New Spin on the Concept. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Lee and Tom are key partners in all aspects of family office aviation matters., John Castrucci, Family Office Executive & Founder, I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. 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! Fractional Share Airplane in Tampa, FL. 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. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. 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. It was easy to request this. SkyShareUSAs program is simple, efficient, and transparent. Most people equate this to a timeshare. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. Thorough. 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! Your allocation of hours is dependent upon how much of the jet you own. You're a power user moving through this website with super-human speed. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Half the Cost.Oppo. 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. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Financial Considerations: Is Fractional Ownership the Right Choice for You? 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. By submitting the form, you consent to such processing. Competent. We can then help with all the sharing docs, financing, insurance, and training. There is no other jet card or fractional jet share solution that can match it. 2024 NBAA Maintenance Conference . 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. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. 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. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. Get paid and be a trusted source to help manage aircraft for owners. . 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. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. We understand that travel flexibility is vital to our owners. 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. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable 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. Share ownership in $2M - $4M vacation properties with one low investment. What documents do I need to sign when I purchase a fractional jet ownership share? 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. Clients considering fractional aircraft ownership often have different expectations and have varying needs. But if you fly a lot, these programs cost less per hour. With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Up to date maintenance and is always kept in a hangar when not in use. Fractional ownership can start to make sense if you fly more than 50 hours a year. The FAA's 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). If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. The newer days-per-year model enables owners to fly as many hours as they need per day with the only limitation being standard crew duty times. Is Fractional Ownership the Right Choice for You? Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. The AAP model is said to represent hassle-free, turnkey . Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. After completing the CAPTCHA below, you will immediately regain access to the site again. Leasing. 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. Get answers to frequently asked questions about fractional ownership. Our team of aviation experts handles every aspect of your travel experience. 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. Planning for the teams future is one of a leaders most important responsibilities. With the SMA Network, your plane can earn you income while they fly and keep it maintained. 1/2 Fractional Ownership: Call For Availability. 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. We accept no commissions, referral fees or any other forms of compensation from any third parties. The magic begins the moment you step onboard our aircraft. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. This fee covers your hourly operational costs for each hour flown. Why rent or lease, when you can fractionally own? 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. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. Asset purchase - this upfront cost covers your share of the aircraft. Call us now at 407-923-2336 to learn more about SkyShare USA. We take care of it all. Practical. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Size Rankings + 1.877.356.5823 The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. VisionAir is a total ownership solution that goes beyond fractional ownership and charter services to offer full ownership, which means extended privacy and a consistent world-class experience. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. 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. 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. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. Thank you. Let us help you reduce the expense of ownership! Traditional share sizes are based on annual flight hours per contract, per year. . Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. 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. You enjoy all the benefits of your private jet, while we handle the rest! With fractional aircraft ownership, you purchase a share of a specific aircraft type to be utilized for a defined number of annual allotted flight hours. April 30 - May 2, 2024. . Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. Not necessarily. Your allocation of hours is dependent upon how much of the jet you own. High/Low/Average 1 . Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. 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. 1/2 ownership.160hp GNC355 Full IFR. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Professional. This is because lenders have fewer opportunities to get full collateral interest on these loans. 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. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. 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. Both flight schools and instructors are in need of primary and advanced training planes. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. The tax applies to the . 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. Additional information is available in this. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? 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