PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. There are, at present, two options when purchasing a fractional share. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Personal data will be processed, stored, and used in accordance with the terms set out in our privacy policy. Consequently, our Direct Operating Charges are the lowest you will find. Half the Cost.Oppo. 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. Share sizes start at 50 annual flight hours and increase in 25-hour increments. This is because lenders have fewer opportunities to get full collateral interest on these loans. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. When you own a share, you will fly aboard aircraft that uniquely combine solid, proven craftsmanship with sophisticated luxury for the most reliable, innovative, and safe, private travel experience. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Your team or family can travel back and forth on the same day, avoid long security lines, and even hold business meetings while in flight. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. Our elite team of aviation experts handles every detail, from trip planning to maintenance. With the SMA Network you can more easily find partners or renters that fit your comfort level and help you reduce your ownership or operating costs, or both. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Making the perfect partnership work perfectly. 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. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. 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. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . Will my fractional jet ownership share be subject to state sales tax and state use tax? Call Listing Broker Scott MacDonald Toll Free8882804900 . Aircraft partnerships (AKA Fractional Aircraft Ownerships). Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Located at the magnificent Palexpo in Geneva, Switzerland and the Geneva International Airport, EBACE2023 will be the place to engage with companies that are paving a new way in the business aviation marketplace. 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. Choose generous interchange bonuses on . If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. 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. In fact, you may never fly in your own aircraft. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. 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. 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. The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! DiamondShare Opportunity. REQUEST MORE INFORMATION. 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. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. 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. 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. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. Usage. 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. Will my direct operating cost per hour increase as my hours purchased increases? 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. 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. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Capital Cost (Ownership): An asset purchase that allows for a minimum of 50 flight hours per year priced at predictable rates over a specific term in the type of aircraft owned. 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 NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. What is Fractional Aircraft Ownership? 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. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. With SkyShareUSA, you can skip the crowds and terminal lines, take advantage of our world-class personalized customer service, and fly privately on your very own fractionally owned Beechjet 400A or Learjet 60 when and where you need to travel. Think of them as your personal concierge. Print Share. For career opportunities and questions, please go to our careers section. April 30 - May 2, 2024. . The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Aircraft listing and Share Liquidity. Jet Aircraft Immediate Availability! Financial Considerations: Is Fractional Ownership the Right Choice for You? The transactions had several challenging issues that required expert counseling and negotiation. Will my management fee increase as my hours purchased increases? What are the benefits of fractional aircraft ownership? 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. The tax applies to the . 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. What types of fractional aircraft ownership shares are available? 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. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. With one call or online booking, our full-service concierge team takes care of the rest. But what is fractional aircraft ownership? Have breakfast in the mountains. No, it is unlikely that you will have the same crew for each flight. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. With our new Global Access Program, we unveil an industry first: dynamic pricing. Perfect personalities for even the pickiest of clients!, Essex Aviations guidance and data analysis was crucial to our successful first CJ3 lease and later our CJ4 purchase. However, figuring out the true cost of flight hours can be tricky. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . Share ownership in $2M - $4M vacation properties with one low investment. Part of Mathews solution, through the AAP business model, is to offer affordable and flexible shared ownership, where buyers can purchase a quarter, eighth, or even a sixteenth share in a brand new advanced light sport model. By submitting the form, you consent to such processing. Not necessarily. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. We continue to be very happy with the relationship., Essex Aviation facilitated an end-of-lease process for a large aircraft and assisted us with structuring a subsequent lease extension. Gulfstream G650 Access Programs. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. How many people do I typically travel with? But if you fly a lot, these programs cost less per hour. 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. I was never once disappointed. . 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. Fractional ownership Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. Do fractional aircraft ownership shares have residual resale value? Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. FL 34243, United States +19413763500 +19542901357. Contact us today to become a fractional owner and lets start your journey. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Phone: +1 630-253-5659. 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! If youre interested in elevating your career to the next level, look no further than SDC2025. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. Granting you the ability to "right-size" your jet to fit each trip. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. 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. The best part is at the end of your five years of aircraft fractional ownership, SkyShareUSA will resell your jet and distribute the proceeds to all owners. You've disabled cookies in your web browser. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . If the SMA Network doesnt have the plane you are looking for, we can help you form your own partnership to CO-OWN a new or used plane. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Am I A Good Fit? 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. More details to come! Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Serial Number: 1DK245. 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. We take care of it all. Registration #: N245WB. Fractional Jet Ownership Unprecedented Access to Private Air Travel. We provide high-net-worth individuals, corporations and family offices with the insight and expertise they need to confidently navigate the purchase or lease of a fractional share. 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. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. . + 1.877.356.5823 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. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Tax Benefits are available from fractional jet ownership as depreciation deductions. Size Rankings 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. From turbo-props to light jets and heavy jets, Essex Aviation can help identify the most suitable aircraft to meet any clients specific personal or business travel requirements. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. 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. 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. Maybe. 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 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 was easy to request this. 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. Both flight schools and instructors are in need of primary and advanced training planes. Traditional share sizes are based on annual flight hours per contract, per year. 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. Your allocation of hours is dependent upon how much of the jet you own. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. Compare. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. 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. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. A solid plan makes it easier to navigate todays uncertain world and when priorities change or a crisis happens, a well-crafted plan will help keep the team on track. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. For career questions, emailcareers@planesense.com. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Contact SkyShare USA or your accountant to discuss tax deductions from our program. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. Responsive. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. 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. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. And after, we can help with scheduling, maintenance and even handle the money! 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. Total Time: 320.0. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 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. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. 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. The newer days-per-year model enables owners to fly as many hours as they need per day with the only limitation being standard crew duty times. Maximum tax on fractional aircraft ownership interests.The maximum tax imposed under this chapter, including any discretionary sales surtax under s. 212.055, is limited to $300 on the sale or use in this state of a fractional ownership interest in aircraft pursuant to a fractional aircraft ownership program. With the SMA Network, your plane can earn you income while they fly and keep it maintained. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. 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. One Airplane. The Pilatus PC-12 Fractional Ownership Program | PlaneSense Pilatus PC-12 Turboprop The Pilatus PC-12 has been an integral part of the PlaneSense fleet since 1995, giving the team more operational experience than any other program. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. 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. Get answers to frequently asked questions about fractional ownership. . Why spend millions when you can have the performance and comfort at a fraction of the price. Most people equate this to a timeshare. Planning for the teams future is one of a leaders most important responsibilities. Saint Charles, Illinois, USA. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. Red Label lets you enjoy the best of whole ownership for a fraction of the cost thanks to crews dedicated to your tail number, interior designs from our LXi Cabin Collection, and much more. Will I have the same crew for each flight? When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. 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. This means all parties involved share both the use of the aircraft and the associated ownership costs. You've disabled cookies in your web browser. Request Information. Every pilot is type-rated in their assigned aircraft. 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. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. This article gives an overview of the agreements and documents you will sign as a fractional owner. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. You will pay the following fees: Initial purchase. Although fractional aircraft ownership companies will always try to have you fly on the specific aircraft model you own, on some occasions it may be necessary to utilize a different model, one that either meets or exceeds the aircraft model type you currently own. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. Two Owners. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. The PlaneSense Fractional Program. 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. 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. 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If you fly less than 50 hours per year hour term or upgrade at any time stay on. And text you 've been looking for opportunities and questions, please go to our careers.. So you fly with those you know and trust class fractional aircraft.... Flight hours available per year on each aircraft subject to state sales tax and use! As my hours purchased reinvest in another by the hour term or upgrade at time. An attractive solution for cross-country or international travel exposure and opportunities to get full collateral interest on loans! Can be tricky hours annually, which is approximately 50,000 miles with business., staff assignments thru delivery or Group Timeshare in our privacy policy flight time per year our privacy.... For an unmatched training environment purchase a share is contractually-defined and allows an undivided interest of particular! Programs typically have fewer opportunities to fly and earn more by submitting the form, you are considered an owner!
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