Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. Every pilot is type-rated in their assigned aircraft. The SMA Network is designed to help you Fly More. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. 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. consult an aviation tax advisor and tax attorney, Whether a specific aircraft type meets the majority of their travel requirements, Whether they fly for business or personal reasons. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. 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. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. 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. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. No worries or additional costs. This is because lenders have fewer opportunities to get full collateral interest on these loans. FL 33547 United States Telephone: . 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. 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! 1 opening available. There are, at present, two options when purchasing a fractional share. 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. 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. We realize plans change, but experiences shouldnt. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. Included is our guarantee to cover 100% of all maintenance. Essex Aviation recommends that prospective fractional jet ownership clients consider the following before making a decision: There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. Partners in Aviation. People Also Ask (PAA) 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. Leasing. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. 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. 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. 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 jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. As you can easily see in this chart, SkyShareUSA is significantly less expensive than our competitors such as PlaneSense, AirShare, NetJets, FlexJet, & WheelsUp Jet Card. DiamondShare Opportunity. You enjoy all the benefits of your private jet, while we handle the rest! It made the difference in my flying! 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. No. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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 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. I was never once disappointed. Choose generous interchange bonuses on . The SMA Network allows you to increase visibility to area pilots while SMA Strategies will help you align expectations and help fulfill your needs in a partnership. Fractional ownership Call us today at 407-923-2336 and speak with one of our aviation specialists to learn how you can save over 50% compared to private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. Learn more about the National Business Aviation Association. How many people do I typically travel with? Aircraft partnerships (AKA Fractional Aircraft Ownerships). REQUEST MORE INFORMATION. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. You will pay the following fees: Initial purchase. Personal data will be processed, stored, and used in accordance with the terms set out in our privacy policy. We understand that travel flexibility is vital to our owners. This article gives an overview of the agreements and documents you will sign as a fractional owner. Do I predominately fly for personal or business reasons? This economically efficient option can provide significant savings. If you want to see how fractional aircraft options fit into the . I really liked the fact that I could ask for exactly who I wanted. 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. 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. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners. Share ownership in $2M - $4M vacation properties with one low investment. After completing the CAPTCHA below, you will immediately regain access to the site again. One of the main motivators for a fractional purchase is the ability to share the . Your contract will include a set number of overnights with no daily minimums for the overnights you select. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. 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. As you were browsing something about your browser made us think you were a bot. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. Print Share. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Contact us today to become a fractional owner and lets start your journey. Your allocation of hours is dependent upon how much of the jet you own. 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. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. These extensive fees can double your monthly Direct Operating Costs with other companies. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. We take care of it all. 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! Private aviation offers numerous benefits, but each service option comes with its pros and cons. 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. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. Fractional ownership can start to make sense if you fly more than 50 hours a year. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. 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. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. 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. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. What are the benefits of fractional aircraft ownership? SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. High/Low/Average 1 . Will I have the same crew for each flight? Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. Collaborations with likeminded brands that offer one-of-a-kind experiences and products. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. Planning for the teams future is one of a leaders most important responsibilities. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. 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. Sma Strategies can walk you through best practice on agreements, scheduling and even handling money! 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