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With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. 2023 ShareMyAircraft.com All Rights Reserved | An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. For that you get 75 . 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. REQUEST MORE INFORMATION. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Equity Residences: Beach Home - Marathon Key, Florida. As you were browsing something about your browser made us think you were a bot. Aircraft is always hangered. Our elite team of aviation experts handles every detail, from trip planning to maintenance. What is the length of commitment for fractional aircraft ownership? Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. The AAP model is said to represent hassle-free, turnkey . Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . 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. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. The 2024 NBAA Schedulers & Dispatchers Conference offers the opportunity for attendees to further their professional development through up-to-date education sessions and a wide variety of networking events. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. Half the Cost.Oppo. With SkyShareUSA, these fees can be completely ELIMINATED. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. Fractional Share is a term used for fractional ownership of an aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Partners in Aviation. Knowledgeable. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Get paid and be a trusted source to help manage aircraft for owners. Do fractional aircraft ownership shares have residual resale value? This is based on an hourly rate and your flight hours are billed monthly. A typical one way trip for 5-8 people from Florida SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. Leasing. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Download the rule as it appeared in the Federal Register (404 KB, PDF) 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 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. Whatever your private aviation needs may be, we have the solution. With the purchase of a Citation CJ3+ fra.See More Details Serial Number 525B-0607 Total Time 515 Number of Seats 8 Year Interior 2020 flyExclusive Fractional Private access to esteemed sporting, philanthropic, social, and educational events. It made the difference in my flying! Compare. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Fractional Ownership Aircraft Charter Interchange Agreements Aircraft Leasing Time Sharing Agreements Reimbursement For Owner-Pilots NBAA's Small Aircraft Exemption Operational Control Aircraft Registration & Transactions Aircraft Transactions Guide Ethical Business Aviation Transactions Exporting Aircraft from the United States Most people equate this to a timeshare. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? Not necessarily. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Planning for the teams future is one of a leaders most important responsibilities. Included is our guarantee to cover 100% of all maintenance. 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! Potentially. 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! Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. This means all parties involved share both the use of the aircraft and the associated ownership costs. You're a power user moving through this website with super-human speed. Florida Fractional Club puts a New Spin on the ConceptThe 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.To spice things up, in addition to the flybridge motoryacht, Florida . Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Depending on your ownership level, you may use up to five aircraft in one day. Will my fractional jet ownership share be subject to state sales tax and state use tax? ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. I really liked the fact that I could ask for exactly who I wanted. Our team will assist you with filing initial . 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. Fractional ownership can start to make sense if you fly more than 50 hours a year. . All staffing and maintenance are included, with all work performed in-house. Two Owners. The cuts are part of its previously announced . 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. A preferred solution for supplemental options and/or avoiding upfront capital investment. Our comprehensive combination of aircraft volume purchasing, sales, maintenance, and refurbishment including avionics, interiors, and exteriors under one roof allows us to provide Fractional Ownership at a fraction of the cost of other fractional providers and jetcard programs. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. 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. You will pay the following fees: Initial purchase. 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. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. . 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! I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. The SMA Network is designed to help you Fly More. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. 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. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Will my direct operating cost per hour increase as my hours purchased increases? Share sizes start at 50 annual flight hours and increase in 25-hour increments. Every six months, our pilots are trained by highly qualified and experienced instructors, using advanced-technology flight simulators and integrated training systems to help ensure their proficiency and safety. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. 2024 NBAA Maintenance Conference . This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. For career opportunities and questions, please go to our careers section. Instead, fractional jet ownership falls under FAR 91 Sub Part K. Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Will my management fee increase as my hours purchased increases? Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare The Intelligent Choice in Private Aviation. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. 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. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. . Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Serial Number: 1DK245. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. 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. You've disabled JavaScript in your web browser. Do I predominately fly for personal or business reasons? Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). Welcome to the Intelligent Private Flying Solution. With sufficient notice before the flight time of your trip, SkyShareUSA can eliminate these charges to fractional owners with no management fee or other costs involved. This varies depending on the aircraft type and size of the share. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. 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. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. 212.0597. 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. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. 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. This field is for validation purposes and should be left unchanged. The PlaneSense Fractional Program. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Tax Benefits are available from fractional jet ownership as depreciation deductions. This economically efficient option can provide significant savings. 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. Setting expectations on the aircraft type and size of the share get and. Aircrafts for co-ownership 15 to 18 that all prospective clients consult an aviation tax advisor and tax attorney to. Personal access involved tax and state use tax youre flying less than expected! Aircraft in the industry right partners and setting expectations on the total number of share you! Be, we have the solution, and most importantly, simply the best at what they.. 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