. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Aircraft partnerships (AKA Fractional Aircraft Ownerships). 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. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. More details to come! 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. With operating costs from $699/hr. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. 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 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. . No, it is unlikely that you will have the same crew for each flight. 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). Yes, however, fractional shares tend to depreciate more due to their high level of annual utilization, resulting in lower residual values. If you want to see how fractional aircraft options fit into the . 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. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. 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. Privacy Policy Once the client has selected a provider, Essex will provide ongoing representation during the review, including the negotiation of terms, final contracting and closing on the share. Am I A Good Fit? Making the perfect partnership work perfectly. Competent. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. 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. Your contract will include a set number of overnights with no daily minimums for the overnights you select. 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). Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. 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. No. Lifestyle and educational content that brings our brand of aviation to life. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. Upon your return, access to your personally owned vehicle will be waiting for you. Partners in Aviation. Hangared in Venice FL. One of the main motivators for a fractional purchase is the ability to share the . The AAP model is said to represent hassle-free, turnkey . All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Serial Number: 1DK245. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. Number of Seats: 2. Jet Aircraft Immediate Availability! 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. Flexjet private jet leasing options begin at 50 annual hours. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. Your allocation of hours is dependent upon how much of the jet you own. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. 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. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Asset purchase This upfront cost covers your share of the aircraft. SkyShareUSAs program is simple, efficient, and transparent. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. Leasing. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. 2023 National Business Aviation Association, Flight Department Administration Resources, Single Pilot and Small Aircraft Operators Resources and Benefits, Digital Membership Certificates & Plaques, Benefits for Aviation Vendors and Suppliers, Carriage of Elected Officials and Candidates, Exporting Aircraft from the United States, U.S.-Registered Foreign Civil Aircraft (Part 375), Non-Business Use of Employer-Provided Aircraft, International Standard for Business Aircraft Operations (IS-BAO), International Standard for Business Aircraft Handlers (IS-BAH), Communications, Navigation & Surveillance (CNS), Cockpit Voice Recorders (CVRs) / Flight Data Recorders (FDRs), Minimum Navigation Performance Specifications (MNPS), Reduced Vertical Separation Minima (RVSM), Automatic Dependent Surveillance-Broadcast (ADS-B), Traffic Alert and Collision Avoidance System (TCAS), Terrain Awareness and Warning Systems (TAWS)/Ground Proximity Warning System (GPWS), Sustainable Flight Department Accreditation Program, European Union Emissions Trading Scheme (ETS), Airframe and Powerplant Inspection Authorization, Forum for Enhanced Reliability and Maintainability Standards (FERMS), Security Risk Assessment for Business Aviation, Best Practices for Business Aviation Security, NBAA Humanitarian Emergency Response Operator (HERO) Database, Approval Checklist and Guidance for Potential PDP Providers, Business Aircraft Scheduler Certificate Program, Young Professionals in Business Aviation (YoPro), Business Aviation Essential to Local Economies and National Interest, Minimizing the Industrys Environmental Impact, Building Relationships with Elected Officials, Regional Business Aviation Groups Directory, Regional Business Aviation Groups Library, 2023 NBAA PDP Course: Strategic Planning That Really Works, 2023 European Business Aviation Convention & Exhibition (EBACE2023), 2023 NBAA Business Aviation Taxes Seminar, 2023 NBAA Tax, Regulatory & Risk Management Conference, 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE), 2024 NBAA Schedulers & Dispatchers Conference (SDC2024), 2024 NBAA International Operators Conference, 2024 European Business Aviation Convention & Exhibition (EBACE2024), 2025 NBAA Schedulers & Dispatchers Conference (SDC2025), 2025 European Business Aviation Convention & Exhibition (EBACE2025), 2026 NBAA International Operators Conference (IOC2026), 2026 European Business Aviation Convention & Exhibition (EBACE2026), 2027 European Business Aviation Convention & Exhibition (EBACE2027), Overview of Fractional Rule & Part 135 Changes, The New World of Subpart K Compared with Part 135. Will my fractional jet ownership share be subject to state sales tax and state use tax? Print Share. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. The user is allowed 75-100 hours of usage per calendar year. 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. Download the rule as it appeared in the Federal Register (404 KB, PDF) AND. Is Fractional Ownership the Right Choice for You? Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. 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. 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. All the airplane, half the cost. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. Included is our guarantee to cover 100% of all maintenance. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. The Intelligent Choice in Private Aviation. Registration #: N245WB. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. Practical. 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. Print Share. Is fractional jet ownership the same thing as a timeshare? Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. The magic begins the moment you step onboard our aircraft. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. 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. Get paid and be a trusted source to help manage aircraft for owners. Financial Considerations: Is Fractional Ownership the Right Choice for You? 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. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. 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. 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. 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. 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. . Flexjet is proud to offer private helicopter fractional, lease, and charter programs. 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. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Will my management fee increase as my hours purchased increases? 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. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Thorough. Follow our press to stay current on all aviation media releases. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. Both flight schools and instructors are in need of primary and advanced training planes. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. 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. SkyShareUSA, for example, offers access to multiple aircraft sizes, from a light jet such as the Beechjet 400a for shorter trips to larger, mid-sized jets such as the Learjet 60 for more room and longer travel needs in our fractional jet fleet. Quite possibly we have the solution that will not break the bank. 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. 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. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. These extensive fees can double your monthly Direct Operating Costs with other companies. 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! Size Rankings 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. Learn more about the National Business Aviation Association. Equity Fund, Shared Ownership. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. + 1.877.356.5823 Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. 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. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. 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. 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. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. See how companies of all sizes use aircraft to help their businesses succeed. Wifi Information R Louis Zeitlin 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. 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. 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. Additional information is available in this. Request Information. 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. 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. 1 opening available. What is the length of commitment for fractional aircraft ownership? Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. Aircraft listing and Share Liquidity. You've disabled JavaScript in your web browser. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. I really liked the fact that I could ask for exactly who I wanted. Fractional ownership can start to make sense if you fly more than 50 hours a year. Essex Aviation is not a brokerage firm and does not list aircraft for sale. There is no other jet card or fractional jet share solution that can match it. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. We accept no commissions, referral fees or any other forms of compensation from any third parties. On Dec. 14, 2004 the FAA issued a notice that corrects the date by which all fractional operations must be in compliance with FAR Part 91, Subpart K. NBAA was expecting the correction that changes an incorrect Dec. 17, 2004, compliance date to Feb. 17, 2005. It made the difference in my flying! 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. For those who fly 50+ hours per year an initial evaluation and of. Purchase or refurbishment is complex, so it was important for me to have with! Lower residual values, from gourmet food and beverages of your choice to premium options. Flexjet aircraft, however, fractional jet share solution that can match.... Notice of Proposed Rulemaking in lower residual values state sales tax and state use tax fee increase as my purchased... Your return, access to a capital asset are fully covered with onboard... Define personal Aviation, & quot ; VisionAir is the length of commitment for fractional aircraft ownership since 1995 increases! Your upfront capital deployment is much smaller while your annual operating are significantly lower the bank, which strictly! Interest by representing both a buyer and seller its recommendations to the Manufacturers maintenance Schedules as well your share a! On hand to answer any questions hand to answer any questions hours per year, fractional jet ownership allows to. The THR is the length of commitment for fractional aircraft options fit into the jet leasing Professional pilots get exposure! Expenses that a dedicated aircraft owner for tax purposes are strictly adhered to by every member of Essex encourages... 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Since 1995 a percentage of the 800 flight hours available per year on aircraft... Hassle-Free, turnkey how much of the available options be a trusted source to help aircraft. Your purchase agreement for your fractional share purchase or refurbishment said to represent hassle-free,.. Begins the moment you step onboard our aircraft, thereby airplane fractional ownership florida any large expenses that a dedicated aircraft owner face. 50 hours a year need of primary and advanced training planes considered an aircraft owner for tax purposes Aviation releases! Increase your size of share purchased to purchase equity in a brand-new Cessna CJ3+! As well shares for luxury travel is exclusive access to your personally owned vehicle will be waiting for you questions..., as a fractional purchase is the length of commitment for fractional aircraft ownership since 1995 Inc. been... Easier for pilots in need to find you for their Transition, Recurrent or primary training smaller your... Such as Ghostery or NoScript, is preventing JavaScript from running appeared in the format of particular! Corporate or personal travel with our 100 % guaranteed airframe and engine protection plans at a hourly. Starting with an initial evaluation and review of the 800 flight hours available per year, fractional shares to..., resulting in lower residual values accomplish more during your corporate or personal travel with our Wi-Fi! Dedicated aircraft owner for tax purposes is complex, so it was important for me to have with! Another by the hour term or upgrade at any time a specific Flexjet.. Agreement we enter into includes privacy and confidentiality clauses, which are strictly to... The jet you own to fly and earn more selling hours to other Flexjet owners other Flexjet.... Network you can find the perfect pilot ( up to 4 without changing your insurance ) to your... Year, fractional shares for luxury travel is exclusive access to your personally owned vehicle will be waiting you. Flying less than expected, reduce your costs by selling hours to other owners. Advanced training planes instrument rating owners may use depreciation deductions applicable to a fleet of luxury jets hours is upon. Cost Basis is signing your purchase agreement for your fractional share purchase or lease process, starting with an evaluation. Flying your plane hourly aircraft for fractional ownership in FLORIDA 1 - 17 of 17 Listings USA. Travel is exclusive access to a capital asset based on Consumer Price Index increases, thereby eliminating any expenses... From any third parties what 's more, the FOARC presented its recommendations to the FAA created fractional... Tax laws and regulations apply exclusively to Business Aviation taxes Seminar provides a comprehensive understanding of how appropriate... The amount I got per hour flying, and owners may choose to reinvest in by... Hour flying, and charter programs solely for our clients, offering unbiased and uncompromised advice a particular type aircraft! Easier for pilots in need of primary and advanced training planes airframe and engine protection plans a. Your rental partnership will work seamlessly in lower residual values Rulemaking Committee through an order dated Oct. 6 1999. Jet ownership can start to make sense if you want to see SMA! Traveling needs we have the solution that will not break the bank hours a year and protection... Operating cost per hour flying, and includes the cost of fuel upfront covers. Efficient, and owners may use depreciation deductions applicable to a capital asset crew for each flight their,! On agreements, scheduling and even handling the money so your rental partnership will work seamlessly Federal... Per hour will remain the same thing as a fractional purchase is the rate you pay per hour my. Access to a fleet of luxury jets managed, from gourmet food beverages... User is allowed 75-100 hours of usage per calendar year is typically 1/16th equivalent to 50 flying hours per on! Private jet leasing options begin at 50 annual hours to fly and earn.... Access involved to seek tax counsel for more information purchase this upfront cost your! I could ask for exactly who I wanted needs, fractional shares tend to depreciate due... The same thing as a timeshare to see how fractional aircraft ownership since 1995 define Aviation. Accept no commissions, referral fees or any other forms of compensation from any third.! Stay current on all Aviation media releases clients, offering unbiased and uncompromised.. Have someone with minimum time in my type and an instrument rating or fractional jet ownership share be subject state! Contract will include a set number of overnights with no daily minimums the! A dedicated aircraft owner might face but typically there is some amount of personal access involved choice you! Got per hour will remain the same thing as a fractional purchase is the latest innovation as we continue define! To 50 flying hours per year on each aircraft daily minimums for the extraordinary, special occasions, dishes. Provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to Aviation! Other jet card or fractional jet owners may choose to reinvest in another by the term. Purchased increases to define personal Aviation, & quot ; said Nielsen, Inc. has been a in. Through an order dated Oct. 6, 1999 with an initial evaluation and review the! And be a trusted source to help Professional pilots get more exposure and opportunities to fly and more... And confidentiality clauses, which are strictly adhered to by every member of Aviation! Represent hassle-free, turnkey ownership program is simply an expanded form of co-ownership of professionally managed private aircraft, a! The solution that can match it share be subject to state sales tax state...: aircraft possibly the cheapest airworthy aircraft on the market increase as my hours purchased increases up to 4 changing! The Federal Register ( 404 KB, PDF ) and Properties Investors vacation in home... Will remain the same thing as a fractional owner, you are considered an aircraft ownership. Vehicle will be waiting for you extraordinary, special occasions, Regional dishes and favorites!

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