You've disabled cookies in your web browser. 2024 NBAA Maintenance Conference . After completing the CAPTCHA below, you will immediately regain access to the site again. 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. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. 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. Phone: +1 630-253-5659. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. See how companies of all sizes use aircraft to help their businesses succeed. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. . Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. 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. Not necessarily. FL 34243, United States +19413763500 +19542901357. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 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. Yes, your management fee will increase if you increase your size of share purchased. With fractional, there are minimum and maximum contract periods. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Am I A Good Fit? 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. Fractional ownership is basically a partnership with multiple buyers at the corporate level. As you were browsing something about your browser made us think you were a bot. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. 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. Why spend millions when you can have the performance and comfort at a fraction of the price. 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. 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. Total Time: 320.0. The Essex team has provided key analysis ranging from the mundane, such as the interpretation of the placement of a placard on an aircraft to negotiations relating to an engine care program. 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. 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. 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 We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. 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. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. You're a power user moving through this website with super-human speed. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. During the 1990s the growth of fractional ownership programs was substantial. Do I predominately fly for personal or business reasons? As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. With our new Global Access Program, we unveil an industry first: dynamic pricing. Fractional Jet Ownership Unprecedented Access to Private Air Travel. The fractional aircraft operators in North America flew over 833,000 hours in 2022. A preferred solution for supplemental options and/or avoiding upfront capital investment. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. Do fractional aircraft ownership shares have residual resale value? Informed. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . This is based on an hourly rate and your flight hours are billed monthly. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. 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! No worries or additional costs. 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. Fractional ownership can start to make sense if you fly more than 50 hours a year. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. For career questions, emailcareers@planesense.com. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare 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. 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. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Engine 1 Maintenance Program: Other. FL 33547 United States Telephone: . Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Imagine the Fun you can have with this plane. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. 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 transactions had several challenging issues that required expert counseling and negotiation. 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. It is dividing the use and expenses of an aircraft into smaller pieces. Hangared in Venice FL. The versatility of the Hawker Beechjet 400A and the Learjet 60 makes it possible to access more airports than most other programs, saving fuel, valuable drive time, and getting our aircraft owners closer to customers, important meetings, and family. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Your allocation of hours is dependent upon how much of the jet you own. Services; Co-Ownership Vs. Partnership; . 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. Granting you the ability to "right-size" your jet to fit each trip, Unlimited Access offers leading fleet interchange incentives on any aircraft in our fleet. Get paid and be a trusted source to help manage aircraft for owners. "Now, new Vision Jet owners can simply arrive and fly. Private access to esteemed sporting, philanthropic, social, and educational events. REQUEST MORE INFORMATION. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. Both flight schools and instructors are in need of primary and advanced training planes. Fractional ownership is best for those who typically utilize air travel for 15 or more trips per year and allows you to buy or lease a share in the Challenger 350 and Phenom 300, the best super midsize and light jets in private aviation. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Let us help you reduce the expense of ownership! 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. 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. People Also Ask (PAA) If a client wanted to exit their share early, the experienced counsel at Essex Aviation can assist them in determining the best strategy to exit their plan in the most cost-effective manner and manage the final repurchase transaction of the share with the program provider. Will I have the same crew for each flight? All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. DiamondShare Opportunity. The PlaneSense Fractional Program. Share ownership in $2M - $4M vacation properties with one low investment. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. 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. Is fractional jet ownership the same thing as a timeshare? Partners in Aviation. . High/Low/Average 1 . SkyShareUSAs program is simple, efficient, and transparent. Safety and security are essential traveling companions. You're a power user moving through this website with super-human speed. Please feel free to give us a call at 407-923-2336 to discuss what options are available. With the SMA Network, your plane can earn you income while they fly and keep it maintained. Lone Mountain Aircraft Springfield, Ohio Phone: (407) 592-3826 Aircraft Location: Tampa, Florida Price: USD $255,000 Payments as low as USD $1,629.45 / monthly* Email Seller Video Chat Operating Costs Apply for Financing Premium Listing View Details 39 Save Updated: Friday, February 24, 2023 12:10 AM Compare 2019 CIRRUS SR22-G6 TURBO 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. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Get email alerts when a new share has been posted to your favorite airports! 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 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). The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Two Owners. Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. Co-Ownership Support, Legal Docs, help with insurance, financing etc. By using our facilities and our own Certified Technicians, we save millions of dollars over time, and we pass these savings on to our owners. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Flexjet private jet leasing options begin at 50 annual hours. Learn more about the National Business Aviation Association. Quite possibly we have the solution that will not break the bank. WORKING HOURS. Jet Card. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . Print Share. $157,500 per share - Fractional Home. . The SMA Network is designed to help you Fly More. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Our elite team of aviation experts handles every detail, from trip planning to maintenance. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. No, it is unlikely that you will have the same crew for each flight. Jet Aircraft Immediate Availability! We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. Leasing. Professional. 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