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The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. 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. Number of Seats: 2. Jet Card. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Am I able to fly over my allotted hours for the year? "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. 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. FL 33547 United States Telephone: . 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. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Your allocation of hours is dependent upon how much of the jet you own. 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. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Do fractional aircraft ownership shares have residual resale value? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? For fractional share airplanes in Orlando, FL, browse our . Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Other programs offer share sizes based on annual days of utilization per contract year. Follow our press to stay current on all aviation media releases. 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). My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. With SkyShareUSA, these fees can be completely ELIMINATED. Mon -- 9:00 am - 5.00 pm. 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. ShareMyAircraft.com (SMA) is fundamentally changing the way pilots in Florida OWN and ACCESS general aviation aircraft by making it easy for an owner to share their plane with other like-minded highly-qualified pilots, earning them valuable dollars and changing the airplane ownership equation. Informed. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 2001 and 2002 Cessna Citation 560 XL aircraft 1/3 ownership for sale in Fort Lauderdale, FL professionally managed, professionally flown, aircraft are on engine programs, aircraft will be operated . You've disabled cookies in your web browser. Making the perfect partnership work perfectly. 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. I was never once disappointed. 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. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. What types of fractional aircraft ownership shares are available? 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. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Your contract will include a set number of overnights with no daily minimums for the overnights you select. By submitting the form, you consent to such processing. It was easy to request this. Welcome to the Intelligent Private Flying Solution. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. DiamondShare Opportunity. Print Share. This field is for validation purposes and should be left unchanged. Usage. 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. 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. 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. WORKING HOURS. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours 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. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Fractional ownership is basically a partnership with multiple buyers at the corporate level. Request Information. Financial Considerations: Is Fractional Ownership the Right Choice for You? One Airplane. 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. 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! . 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. Inquire for full details and photos. Learn more about the National Business Aviation Association. 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. 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. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Stay connected for business. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. The majority of the cost of fractional ownership can be broken down into three main parts: Flexjet gives fractional Owners the option to fly on larger or smaller aircraft types when the need arises. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Responsive. 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. Is fractional jet ownership the same thing as a timeshare? Get email alerts when a new share has been posted to your favorite airports! Our team will assist you with filing initial . 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. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. 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. Aircraft Location: South Florida, Florida, USA. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. 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. 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. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Should a client decide that fractional aircraft ownership isnt the right option for their situation, or should their needs change, there are a number of other private aviation options available that Essex can offer guidance on, such as: Most fractional share contracts are in place for three to five years. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Maybe. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. NBAAs 2023 White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. 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. One of the main motivators for a fractional purchase is the ability to share the . 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. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. It was so easy to use - I loved making and posting a flyer. But is leasing right for you? 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. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed The AAP model is said to represent hassle-free, turnkey . The fractional aircraft operators in North America flew over 833,000 hours in 2022. "Now, new Vision Jet owners can simply arrive and fly. Let us help you reduce the expense of ownership! You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. 2013 Daher Kodiak 100 available for 50% co-ownership.Total Time: 1,200Engine Hours: 1,200Propeller Hours: 1,200PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. All staffing and maintenance are included, with all work performed in-house. 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. Flexjet private jet leasing options begin at 50 annual hours. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. Will my fractional jet ownership share be subject to state sales tax and state use tax? This is because lenders have fewer opportunities to get full collateral interest on these loans. But his concept is more than just an affordable buy-in. Wifi Information R Louis Zeitlin 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. 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. 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. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. If you want to see how fractional aircraft options fit into the . Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . Aircraft listing and Share Liquidity. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. This means all parties involved share both the use of the aircraft and the associated ownership costs. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. 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. 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. SMA can walk you through how to start, run and grow your business. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Call Listing Broker Scott MacDonald Toll Free8882804900 . As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. . As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. You've disabled JavaScript in your web browser. 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. 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. Half the Cost.Oppo. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. 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. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. Share sizes start at 50 annual flight hours and increase in 25-hour increments. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. lowest fractional aircraft program share costs, Less hassle than whole aircraft ownership, Best Jet Ownership Fractional Program In The Industry, Contact Us & See How We Can Save You Money On A Private Aviation Solution. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. Leasing. 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. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. 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. Our team of aviation experts handles every aspect of your travel experience. The FAA's 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). Florida Fractional Club puts a New Spin on the Concept. Fractional ownership Upon your return, access to your personally owned vehicle will be waiting for you. All staffing and maintenance are included, with all work performed in-house. Imagine flying one of the most advance GA aircrafts for a private partnership, think Diamond D42/62 or the Cirrus SR22 - The SMA Network provides exposure to Commercial Pilots to fly and earn more! Tax Benefits are available from fractional jet ownership as depreciation deductions. 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. Competent. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. During the 1990s the growth of fractional ownership programs was substantial. 1/2 ownership.160hp GNC355 Full IFR. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. 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. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. This is based on an hourly rate and your flight hours are billed monthly. 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. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. However, SkyShareUSA has a program to offset repositioning charges for owners. . 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. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. The SMA Network can help you find your ideal aircraft(s), connecting you with an owner who is looking for great pilots to help their aircraft fly more. More details to come! The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. No. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. Asset purchase This upfront cost covers your share of the aircraft. See More. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. April 30 - May 2, 2024. . 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. 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. 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. Any client considering fractional jet ownership should ask themselves a few questions before making a decision: There are three basic costs associated with fractional aircraft ownership: The initial cost to purchase a share. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. People Also Ask (PAA) REQUEST MORE INFORMATION. With fractional, there are minimum and maximum contract periods. Get answers to frequently asked questions about fractional ownership. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. 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. Download the rule as it appeared in the Federal Register (404 KB, PDF) What are the key considerations for fractional jet ownership? Safety and security are essential traveling companions. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Fractional ownership can start to make sense if you fly more than 50 hours a year. If youre interested in elevating your career to the next level, look no further than SDC2025. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. The cuts are part of its previously announced . Consequently, our Direct Operating Charges are the lowest you will find. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. What is the minimum fractional jet ownership share size? Equity Residences: Beach Home - Marathon Key, Florida. The operating time for a fractional plane is usually based on 800 hours a year, in other words the operators expect the aircraft to be flying for 800 hours each year. . 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.

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