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 . There is a significant amount of paperwork involved when purchasing a fractional jet ownership share but the primary documents youll sign are a purchase agreement, a management agreement, an ownership agreement and a dry lease exchange agreement. 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. It made the difference in my flying! Aircraft Location: South Florida, Florida, USA. Stay connected for business. Partners in Aviation. Discover a DiamondShare near you. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. Quite possibly we have the solution that will not break the bank. What are the costs associated with fractional plane ownership? Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. 1999 Cessna Citation Jet available for 50% co-ownership. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? If you are frequently flying Business Class or First Class on commercial airlines and are tired of the health risks and hassles of the airlines, or discouraged by the skyrocketing costs of jet ownership, aircraft charters, leasing, or buying jet cards, SkyShareUSA Fractional Ownership will allow you to fly more and pay less. | 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. 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. . I really liked the fact that I could ask for exactly who I wanted. The magic begins the moment you step onboard our 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. What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . Essex Aviation is not a brokerage firm and does not list aircraft for sale. With SkyShareUSA, these fees can be completely ELIMINATED. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. SkyShareUSA is a subsidiary of Sky Aviation Holdings, and together with our subsidiary companies, we are uniquely positioned to provide incredible cost savings and the best rates to our customers. Get paid and be a trusted source to help manage aircraft for owners. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Tue -- 9:00 am - 5.00 pm. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. April 30 - May 2, 2024. . If you want to see how fractional aircraft options fit into the . Am I able to fly over my allotted hours for the year? The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. 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. You're a power user moving through this website with super-human speed. 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. Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more. 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. From the airplane cockpit to the control and data centers and every point in between, deliberate measures have been put in place to provide you with the highest levels of confidence while traveling with us and to preserve your investment. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? No, it is unlikely that you will have the same crew for each flight. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. Granting you the ability to "right-size" your jet to fit each trip. 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. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Although it is possible to exceed your yearly allocation by borrowing against the next years allotted hours, each fractional plane ownership company has different restrictions concerning this practice. 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. 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. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. 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. 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. By submitting the form, you consent to such processing. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. 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. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. What is the minimum fractional jet ownership share size? More details to come! You've disabled cookies in your web browser. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. FlightRules: IFR Tax and Financing Ramifications of Fractional Aircraft Ownership, Managing Aircraft Fractional Ownership Under FAR Part 91, Subpart K: Ten Reasons Not To Charter, Fractional Ownership: Understanding the Insurance, Operator and Management Company Responsibilities: Business Effects of Adoption of Part 91, Subpart K, Download the notice as it appeared in the Federal Register, Download the rule as it appeared in the Federal Register, Fractional Ownership Aviation Rulemaking Committee, Fractional Aircraft Ownership Grows As Added Programs Drive Value Perception, NBAAs Frequently Asked Questions About Fractional Ownership. We realize plans change, but experiences shouldnt. Total Time: 0. Usage. A portion of a share purchase can be sold back to the provider at the end of the contract. Fractional ownership A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. Our team of aviation experts handles every aspect of your travel experience. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Your contract will include a set number of overnights with no daily minimums for the overnights you select. 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. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. This means all parties involved share both the use of the aircraft and the associated ownership costs. 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. 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. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Private access to esteemed sporting, philanthropic, social, and educational events. 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. 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. 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. Phone: +1 630-253-5659. Clients considering fractional aircraft ownership often have different expectations and have varying needs. Will my direct operating cost per hour increase as my hours purchased increases? See how companies of all sizes use aircraft to help their businesses succeed. Engine 1 Maintenance Program: Other. Inquire for full details and photos. Let us help you reduce the expense of ownership! In fact, you may never fly in your own aircraft. Consequently, our Direct Operating Charges are the lowest you will find. 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 fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. info@floridaflightcenter.com. Learn more about the National Business Aviation Association. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Your allocation of hours is dependent upon how much of the jet you own. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. But his concept is more than just an affordable buy-in. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. 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. . 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 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. After your aircraft share purchase, there are two bills: one monthly fee for fixed monthly expenses, and second for the number of hours you fly. Choose generous interchange bonuses on . Number of Seats: 2. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. 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. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. 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. AND. With our new Global Access Program, we unveil an industry first: dynamic pricing. Florida Fractional Club puts a New Spin on the Concept. 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. . 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. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . Call today for a personal consultation with one of our private aviation experts. Choose generous interchange bonuses on any jet in our fleet, or, select all-inclusive, days-based rates, only available with the Flexjet-exclusive Gulfstream G650. 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. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. Will I have the same crew for each flight? 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. Print Share. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. The cuts are part of its previously announced . 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Educational events SkyShareUSA 's fractional ownership of aircraft is an arrangement in which multiple owners share the use and of...

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