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. 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. 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! info@floridaflightcenter.com. Repositioning fees of flight hours (the cost of returning a specific plane to its home base also known as Empty Leg Flights) can be a costly factor. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Choose generous interchange bonuses on . Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. See how companies of all sizes use aircraft to help their businesses succeed. 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 can then help with all the sharing docs, financing, insurance, and training. Welcome to the Intelligent Private Flying Solution. 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. 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. Serial Number: 1DK245. You've disabled JavaScript in your web browser. Your contract will include a set number of overnights with no daily minimums for the overnights you select. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. 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. 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. 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. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. Will I have the same crew for each flight? We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. 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). . Tax Benefits are available from fractional jet ownership as depreciation deductions. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. DiamondShare Opportunity. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. 1 opening available. SkyShareUSAs program is simple, efficient, and transparent. Call Listing Broker Scott MacDonald Toll Free8882804900 . Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. 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. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. There are, at present, two options when purchasing a fractional share. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. Hangared in Venice FL. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. 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. Upon your return, access to your personally owned vehicle will be waiting for you. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Attend EBACE2025 to learn how new advanced aviation technologies will impact your business and which innovations can help make your business more profitable and sustainable. 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. Number of Seats: 2. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. No, it is unlikely that you will have the same crew for each flight. Print Share. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. Why rent or lease, when you can fractionally own? For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. Partners in Aviation. Thorough. The user is allowed 75-100 hours of usage per calendar year. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. We realize plans change, but experiences shouldnt. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. 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. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. 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. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. Maybe. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. After completing the CAPTCHA below, you will immediately regain access to the site again. Amid a backdrop of personal and business flight options in the form of aircraft timeshare, jet cards, jet membership programs, and aircraft charter or the high cost of whole aircraft ownership, the, Contact us for your customized private flying solution. Our success lies in delivering maximum freedom of movement, comfort, and familiarity while ensuring that every single flight reaffirms our owners decision to join the PlaneSense fractional program. George Antoniadis, CEO & President. All staffing and maintenance are included, with all work performed in-house. 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. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. If you want to see how fractional aircraft options fit into the . Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Potentially. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. What is the maximum fractional jet ownership share size? Enter a world of exceptional experiences designed to emulate whole aircraft ownership. All the airplane, half the cost. Total Time: 0. Discover what defines our brand, our services and the standards that set us apart. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. 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. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Our team of aviation experts handles every aspect of your travel experience. How many people do I typically travel with? 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 our new Global Access Program, we unveil an industry first: dynamic pricing. For fractional share airplanes in Orlando, FL, browse our . 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. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Total Time: 2,945 Engine #1: 2,945 Engine #2: 2,945 Engines enrolled on Williams Tap Blue Deferred Tamarack Winglets PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. But his concept is more than just an affordable buy-in. Unique to Flexjet, Versatility Plus allows you to customize your annual flight hours to align with the actual number of flight hours you need each year. 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. Competent. Contact SkyShare USA or your accountant to discuss tax deductions from our program. You're a power user moving through this website with super-human speed. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. 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. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. Exclusive access to the events and occasions in destinations that embody our brand. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. 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. 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. Your allocation of hours is dependent upon how much of the jet you own. 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. 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. 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. While the billing process for fractional providers is well-defined, with fixed monthly management fees, along with invoices for variable costs based on hours flown during the prior month, we often provide routine statement monitoring and review on an as-requested basis. 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. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Thank you. 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. 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. Will my management fee increase as my hours purchased increases? The Second Cost Basis is one low, monthly Fixed Monthly Fee that covers all expenses such as aircraft management, crew, insurance, hangar rental, cleaning, and more. No worries or additional costs. What types of fractional aircraft ownership shares are available? 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. 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. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. Average capital fees for fractional jet ownership will start between $300,000 and $600,000 for a one-sixteenth share of a light jet. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. 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. This feature increases the availability to all owners. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Discover a DiamondShare near you. 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. 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. 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. 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! We have your aircraft ready for you today! Amid a backdrop of personal and business flight options in the form of aircraft timeshare, jet cards, jet membership programs, and aircraft charter or the high cost of whole aircraft ownership, the fractional aircraft ownership model is becoming increasingly popular with both leisure and business travelers. 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). Initially went through an industry First: dynamic pricing will start between 300,000... 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