The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Yes, your management fee will increase if you increase your size of share purchased. 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. Number of Seats: 2. This article gives an overview of the agreements and documents you will sign as a fractional owner. 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. Designed for those who fly 50 or more hours per year, fractional ownership provides access to multiple cabin sizes equipped for a variety of needs and mission types. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. 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. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. . See More. More details to come! As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. FlightRules: IFR That slice of an SR22 pie costs $71,900, with a $760 monthly management fee and hourly operating cost, including the current fuel price adjustment, of around $90 per hour. By using our facilities and our own Certified Technicians, we save millions of dollars over time, and we pass these savings on to our owners. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. FL 34243, United States +19413763500 +19542901357. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. Asset purchase - this upfront cost covers your share of the aircraft. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. 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. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Aircraft Location: South Florida, Florida, USA. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Will my direct operating cost per hour increase as my hours purchased increases? 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. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Particularly, parties will divide an expensive asset into shares, thus allowing each owner to receive an interest in the asset for a fraction of the price. 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. If your aircraft type doesn't suit you for . Registration #: N245WB. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. A preferred solution for supplemental options and/or avoiding upfront capital investment. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, PlaneSense, and AirSprint.Alternatively, owners can join together to purchase their own aircraft, independently of a larger management company. The Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. 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. By submitting the form, you consent to such processing. 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. As you were browsing something about your browser made us think you were a bot. 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. 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. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. What are the costs associated with fractional plane ownership? 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. 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. Our leadership is comprised of a team of a dedicated services team and aircraft experts who collectively have over a hundred years of experience in managing, maintaining, and operating aircraft. Granting you the ability to "right-size" your jet to fit each trip. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. What is the minimum fractional jet ownership share size? 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. It made the difference in my flying! $157,500 per share - Fractional Home. 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. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Mon -- 9:00 am - 5.00 pm. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. This means all parties involved share both the use of the aircraft and the associated ownership costs. 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. 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. 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. SkyShareUSAs program is simple, efficient, and transparent. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Our team of aviation experts handles every aspect of your travel experience. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. The SMA Network can help you find a great plane and pair you up with other pilots that compliment your flying goals in your area! AND. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. 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. DiamondShare Availability. 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. Your contract will include a set number of overnights with no daily minimums for the overnights you select. 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. 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 SkyShare USA was founded on the idea that jet ownership can be simple and affordable. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. We accept no commissions, referral fees or any other forms of compensation from any third parties. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. Get email alerts when a new share has been posted to your favorite airports! Fractional Share Airplane in Tampa, FL. Monthly maintenance fee: These will be charged to each. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. Practical. 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. This varies depending on the aircraft type and size of the share. Our team assists clients in comparing options based on their specific needs and desires, starting with a technical and financial analysis to ensure that the right aircraft and aviation utilization models are considered. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Candid. Jet Card. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. 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. Welcome to the Intelligent Private Flying Solution. Most people equate this to a timeshare. Imagine the Fun you can have with this plane. 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 With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. 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. Aircraft partnerships (AKA Fractional Aircraft Ownerships). The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. Whatever your private aviation needs may be, we have the solution. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. A typical one way trip for 5-8 people from Florida We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. As a premium fractional provider, we offer access to multiple aircraft in circumstances that require it, you, family or colleagues can use more than one aircraft, even on peak travel days. 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. 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. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. 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. See how companies of all sizes use aircraft to help their businesses succeed. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 212.0597. 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. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. You've disabled cookies in your web browser. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. With operating costs from $699/hr. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. 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. "Now, new Vision Jet owners can simply arrive and fly. 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. 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. You're a power user moving through this website with super-human speed. Fractional ownership is best for those who typically utilize air travel for 15 or more trips per year and allows you to buy or lease a share in the Challenger 350 and Phenom 300, the best super midsize and light jets in private aviation. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. What are the key considerations for fractional jet ownership? Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. If the program provider utilizes a larger aircraft due to fleet availability or scheduling requirements, you will not be billed any additional costs for the upgraded aircraft. Your allocation of hours is dependent upon how much of the jet you own. It was easy to request this. Thorough. 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. 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. Other programs offer share sizes based on annual days of utilization per contract year. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. The FAAs final rule Regulation of Fractional Aircraft Ownership Programs and On-Demand Operations sets regulatory standards for fractional ownership operations (Part 91, Subpart K) and updates requirements for on-demand charter operations (Part 135). The fractional aircraft operators in North America flew over 833,000 hours in 2022. No. . Wifi Information R Louis Zeitlin Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Fractional ownership Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. 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. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each year. 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