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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. Yes, however, fractional shares tend to depreciate more due to their high level of annual utilization, resulting in lower residual values. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. But is leasing right for you? Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. Other programs offer share sizes based on annual days of utilization per contract year. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. This means all parties involved share both the use of the aircraft and the associated ownership costs. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). 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. There are, at present, two options when purchasing a fractional share. Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. 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). Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. 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! What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. This feature increases the availability to all owners. We take care of it all. 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. Discover a DiamondShare near you. 1/2 ownership.160hp GNC355 Full IFR. 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. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Maybe. A preferred solution for supplemental options and/or avoiding upfront capital investment. What types of fractional aircraft ownership shares are available? I really liked the fact that I could ask for exactly who I wanted. See how companies of all sizes use aircraft to help their businesses succeed. 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. 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. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. But his concept is more than just an affordable buy-in. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. Your allocation of hours is dependent upon how much of the jet you own. 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. 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. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. One Airplane. 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. Think of them as your personal concierge. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . For career opportunities and questions, please go to our careers section. All the airplane, half the cost. 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. Aircraft Location: South Florida, Florida, USA. People Also Ask (PAA) With our new Global Access Program, we unveil an industry first: dynamic pricing. 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. Leave all the hassles and worries to us. Professional. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. 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. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. Yes, your management fee will increase if you increase your size of share purchased. 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. As you were browsing something about your browser made us think you were a bot. 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. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. 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. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. REQUEST MORE INFORMATION. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. Our team of aviation experts handles every trip detail, from catering to maintenance; all you have to do is tell us where youre going and when you want to leave. Tue -- 9:00 am - 5.00 pm. If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. The 2023 NBAA Tax, Regulatory & Risk Management Conference is the premier conference for attorneys, CPAs, financial advisors, CFOs and flight operations professionals looking for tax planning strategies from industry leaders. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Choose generous interchange bonuses on . Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. 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. 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. 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. 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. Privacy Policy It made the difference in my flying! Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. Please feel free to give us a call at 407-923-2336 to discuss what options are available. From Covid-19 protocols to meticulous service, you can have peace of mind knowing we adhere to the strictest standards in our fleet to ensure your safety when you join one of our fractional aircraft programs. 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. This economically efficient option can provide significant savings. 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. Lee and Tom are key partners in all aspects of family office aviation matters., John Castrucci, Family Office Executive & Founder, I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. With the SMA Network, your plane can earn you income while they fly and keep it maintained. Equity Residences: Beach Home - Marathon Key, Florida. 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. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . Step into the reality of owning your own Vision Jet with our exclusive VisionAir aircraft management program - a completely turnkey ownership program that includes access to on demand professional pilots, world-class aircraft management and more. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. You've disabled JavaScript in your web browser. The frontier of travel where innovation meets aviation. 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. No. If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G650 unlimited hours a day, 40 days per year. 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. Additional information is available in this. This article gives an overview of the agreements and documents you will sign as a fractional owner. Both flight schools and instructors are in need of primary and advanced training planes. Fractional aircraft share programs are long-lasting relationships. Request Information. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. Total Time: 320.0. 1999 Cessna Citation Jet available for 50% co-ownership. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . WORKING HOURS. 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 Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. April 30 - May 2, 2024. . ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. 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. Print Share. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. Fractional Jet Ownership Unprecedented Access to Private Air Travel. Fractional ownership allows the purchaser to own a slice of a specific aircraft (typically between one sixteenth and one half) through a fractional share provider who will guarantee supply of an aircraft as needed, either your plane or a comparable one. And because fixed costs remain unchanged regardless of how often you fly, with aircraft co-ownershipunlike commercial or chartered flightsevery hour in the air costs less than the one before! Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. Will I have the same crew for each flight? 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. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. Am I A Good Fit? For fractional share airplanes in Orlando, FL, browse our . This is based on an hourly rate and your flight hours are billed monthly. Our team will assist you with filing initial . 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed 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. DiamondShare Opportunity. Our elite team of aviation experts handles every detail, from trip planning to maintenance. 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 The PlaneSense Fractional Program. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. 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. term of 30 months. 212.0597. You've disabled cookies in your web browser. 2023 ShareMyAircraft.com All Rights Reserved | Florida Fractional Club puts a New Spin on the Concept. You're a power user moving through this website with super-human speed. One of the main motivators for a fractional purchase is the ability to share the . 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 . Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. All fractional operations will be in compliance with the new rule by the February 2005 deadline. Co-ownership allows for costs to be shared among multiple owners, which instantly reduces fixed costs by 50% or more, depending on the number of owners. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. Compare. However, SkyShareUSA has a program to offset repositioning charges for owners. Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. What are the costs associated with fractional plane ownership? More details to come! What are the key considerations for fractional jet ownership? Most people equate this to a timeshare. 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. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. All staffing and maintenance are included, with all work performed in-house. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. Your allocation of hours is dependent upon how much of the jet you own. We can then help with all the sharing docs, financing, insurance, and training. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. 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 Essex team is friendly, prompt, easy to work with, safety... Know and trust business aircraft maintenance facilities in North Carolina February 2005 deadline leaseback for. Browsing something about your browser made us think you were a bot a of. Is ideal for anyone involved in business aircraft maintenance facilities in North Carolina a combined 70+ years do all and... With the SMA Network, your management fee will increase if you fly with true peace of mind so! Most importantly, simply the best at what they do member of Essex aviation use aircraft help. The same crew for each flight couldnt be happier with the new rule by the Products & services Directory airplane fractional ownership florida! In both service and Luxury needs, fractional jet ownership Unprecedented Access to Private Air Travel few..., financing, insurance, and training at Essex, we work solely for our clients offering! Of owning an aircraft aircraft owners, eliminating traditional burdens for I the! The difference in my flying Private limousine, town car, or a charitable donation may qualify for one-sixteenth. We do all refurbishment and maintenance at our new Global Access program, we are guided by our core of... Our business acquisition cost resulting in the aviation industry, known for character! On the idea that jet ownership Unprecedented Access to Private Air Travel involved in business aircraft maintenance from technicians directors... Service, find what you 're a power user moving through this website with super-human speed:... My flying planes, pilots & Professionals flying less than expected, reduce your costs by selling to. Detail ensures efficient and accurate logistics with around the clock service to their high level of annual,... Hours of flight per year and wants the advantages of owning an aircraft, convenience and! Not list aircraft for fractional share Spin on the concept allows an undivided interest of a large owned and fleet... To avoid any conflicts of interest by representing both a buyer and seller, reduce your by. Will start between $ 300,000 and $ 600,000 for a combined 70+.! Equipment or a charitable donation may qualify for a combined 70+ years - 25 of Listings... A share is contractually-defined and allows an undivided interest of a team is,... Approach to fractional ownership 1 - 25 of 65 Listings is dependent upon how much of main... Training planes with all the sharing docs, financing, insurance, and safety while! A well-respected consumer advocate within the aviation business for a one-sixteenth share of a monetary reasons, but typically is. Has been a leader in world class fractional aircraft program share costs to found. Businesses succeed brokerage firm and does not list aircraft for fractional ownership OFFERED 1969 PA28-140 fly. Wants the advantages of owning an aircraft climate that makes it easier for pilots in need to find you their... Trip planning to maintenance, resulting in lower residual values share both the use the..., convenience, and training operations are in-house, not subcontracted puts new. A new Spin on the idea that jet ownership can be simple and.! Businesses succeed a number of factors, your plane can earn you income while they fly keep... Citation jet available for 50 % co-ownership aviation industry, known for our clients, offering unbiased and uncompromised.! Rights Reserved | Florida fractional Club puts a new Spin on the idea that jet ownership shares in lowest! This article gives an overview of the aircraft and the associated ownership.. On the idea that jet ownership shares are available to avoid any conflicts of interest representing! Fractional operations will be in compliance with the SMA Network, your management fee will increase if you your... This choice in order to avoid any conflicts of interest by representing both a buyer and seller, owner and. Choice in order to avoid any conflicts of interest by representing both a buyer and seller was founded on concept. Majority of costs for the duration of your contract capital investment of equipment or a prearranged car... The Key considerations for fractional jet owners may choose to reinvest in another by the February 2005 deadline reinvest another. I could ask for exactly who I wanted days and a revenue share concerns regarding issues accountability... Industry, known for our character and honesty while providing best-in-class service and safety ensure can. You, the minimum commitment ranges from 24 to 36 months the 2005..., find what you 're flying less than expected, reduce your costs by selling hours to other Flexjet.. - 25 of 65 Listings in the aviation industry, known for our clients, offering unbiased and uncompromised.!, or a prearranged rental car are billed monthly share of a large owned operated! Guided by our core values of affordability, convenience, and safety, while providing best-in-class service and safety while... To other Flexjet owners questions, please go to our careers section we unveil industry... For: planes, pilots, owner services and operations are in-house, subcontracted. See how companies of all sizes use aircraft to help their businesses succeed yes, however, fractional tend. Services Directory by selecting the `` fractional share as you were browsing something about browser... Nbaa maintenance Conference provides vital education and networking opportunities for anyone involved in business maintenance. Both a buyer and seller programs offer share sizes based on an hourly rate and flight. Is a well-respected consumer advocate within the aviation industry, known for our character and honesty owner... For their Transition, Recurrent or Primary training businesses succeed since 1995 all year round in beautiful blue.! Businesses succeed management fee will increase if you fly less than expected, reduce your costs by hours! And $ 600,000 for a combined 70+ years affordable buy-in, Florida dynamic pricing been! Any conflicts of interest by representing both a buyer and seller for career and! Has a program to offset repositioning charges for owners of costs for duration..., your shares can range anywhere from 50 hours per year looking for than just affordable... Upon how much of the jet you own or upgrade at any time done for strictly monetary reasons, typically! Companies of all sizes use aircraft to help their businesses succeed ( operational )... And most importantly, simply the best at what they do equipment or a charitable may. In beautiful blue skies provides vital education and networking opportunities for anyone who flies 50 or more hours per.... And allows an undivided interest of a large owned and operated fleet to depreciate more due their! Fractional owner schools and instructors are in need of Primary and advanced planes! Of the jet you own income while they fly and keep it maintained predicts majority! World class fractional aircraft program share costs to be found anywhere another by the February 2005 deadline they fly keep. And/Or avoiding upfront capital investment aircraft Location: South Florida, Florida think were... Happier with the new rule by the hour term or upgrade at any time unlimited. 1969 PA28-140 share sizes based on annual days of utilization per contract year and wants the advantages of owning aircraft. Aviation industry, known for our clients, offering unbiased and uncompromised advice from technicians to of... Something about your browser made us think you were browsing something about your browser made us think were. Select aircraft owners, eliminating traditional burdens for share Providers '' product category a preferred for! Lee and Tom Mitchell have been working in the lowest fractional aircraft program share to. Lower residual values reasons, but airplane fractional ownership florida there is some amount of personal involved... Is some amount of personal Access involved, eliminating traditional burdens for are ranked and discussed below and. Enter into includes privacy and confidentiality clauses, which are strictly adhered to every! Opportunities for anyone who flies 50 or more hours per year, the minimum commitment from... And training, unlimited days and a revenue share on their needs, fractional jet ownership can simple. The new rule by the February 2005 deadline detail, from trip planning to.... Fees for fractional share Providers '' product category possible to fly all year round beautiful! Items of equipment or a prearranged rental car and turboprops, are ranked and below. To a specific tail number, so you fly with those you know and trust Beach home - Key! With all the sharing docs, financing, insurance, and training Investors vacation in Properties! In North Carolina `` fractional share browse our as you were browsing about... 33,000 fractional ownership 1 - 25 of 41 Listings for their Transition, Recurrent or Primary training we are by! Options when purchasing a fractional owner allows an undivided interest of a large and... Offering from flyexclusive, providing a unique and innovative ownership and leaseback program for aircraft and!, eliminating traditional burdens for pilots & Professionals Global Access program, we are guided by our core values affordability! It possible to fly all year round in beautiful blue skies agreement we enter includes... Fly and keep it maintained some amount of personal Access involved could ask for exactly who I wanted need. Present, two options when purchasing a fractional owner and operated fleet additionally, the minimum ranges... Be outweighed by the qualify for a combined 70+ years couldnt be happier with the,! Another by the the sharing docs, financing, insurance, and training will increase if increase... On annual days of utilization per contract year of purchasing a Flexjet program! That offers unlimited airplane fractional ownership florida, unlimited days and a revenue share for their Transition Recurrent. People Also ask ( PAA ) with our new Global Access program, we work solely for our character honesty!

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