Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Knowledgeable. 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! Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. Equity Fund, Shared Ownership. Engine 1 Maintenance Program: Other. Hangared in Venice FL. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. KEMT - San Gabriel Valley Airport Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. 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. 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. 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 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. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. There are, at present, two options when purchasing a fractional share. These extensive fees can double your monthly Direct Operating Costs with other companies. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Located at the magnificent Palexpo in Geneva, Switzerland and the Geneva International Airport, EBACE2023 will be the place to engage with companies that are paving a new way in the business aviation marketplace. Fractional ownership situations include an aircraft manager and management plan, and often the buyers enter into agreements for 1/6 or 1/8th of the aircraft. What are the key considerations for fractional jet ownership? Efficient., Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. Fractional aircraft share programs are long-lasting relationships. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Upon your return, access to your personally owned vehicle will be waiting for you. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. 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. 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. 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. Also, my friends who flew my plane, posted comments which helped a great deal as people viewing my listing got a sense of my plane (and me) before meeting me. Their process was comprehensive and thorough. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. 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 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. After completing the CAPTCHA below, you will immediately regain access to the site again. "Now, new Vision Jet owners can simply arrive and fly. Flexjet private jet leasing options begin at 50 annual 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. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. 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. 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. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. 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. At the end of your five-year program, SkyShareUSA will resell your aircraft and distribute the proceeds to all owners. SkyShareUSAs program is simple, efficient, and transparent. Why spend millions when you can have the performance and comfort at a fraction of the price. Call us today at 407-923-2336 and speak with one of our aviation specialists to learn how you can save over 50% compared to private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Tax Benefits are available from fractional jet ownership as depreciation deductions. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. 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 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. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. Tue -- 9:00 am - 5.00 pm. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Phone: +1 630-253-5659. + 1.877.356.5823 Share sizes start at 50 annual flight hours and increase in 25-hour increments. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. Private access to esteemed sporting, philanthropic, social, and educational events. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. What are the costs associated with fractional plane ownership? Aircraft listing and Share Liquidity. Fractional Jet Ownership Unprecedented Access to Private Air Travel. Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. Size Rankings Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. 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. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. 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. 212.0597. Florida Fractional Club puts a New Spin on the ConceptThe 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.To spice things up, in addition to the flybridge motoryacht, Florida . 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. Let us help you reduce the expense of ownership! Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. Mon -- 9:00 am - 5.00 pm. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. 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. Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. 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. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. 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. Personal data will be processed, stored, and used in accordance with the terms set out in our privacy policy. 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. Asset purchase This upfront cost covers your share of the aircraft. Contact us today to become a fractional owner and lets start your journey. 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. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Responsive. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . We continue to be very happy with the relationship., Essex Aviation facilitated an end-of-lease process for a large aircraft and assisted us with structuring a subsequent lease extension. 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. Call Listing Broker Scott MacDonald Toll Free8882804900 . Aircraft Location: South Florida, Florida, USA. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. 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). See below how our pricing for a particular aircraft stacks up against major industry competitors. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. Follow our press to stay current on all aviation media releases. If youre interested in elevating your career to the next level, look no further than SDC2025. Jet Aircraft Immediate Availability! 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. The user is allowed 75-100 hours of usage per calendar year. 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. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. Every six months, our pilots are trained by highly qualified and experienced instructors, using advanced-technology flight simulators and integrated training systems to help ensure their proficiency and safety. info@floridaflightcenter.com. 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. Our experienced, personalized concierge service ensures everything from your flight times, hotel accommodations, transportation, as well as every other aspect of your trip is planned, coordinated, and confirmed by your dedicated team. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. 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. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. 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. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. 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. 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. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Get answers to frequently asked questions about fractional ownership. Serial Number: 1DK245. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. Gulfstream G650 Access Programs. Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . How much does fractional aircraft ownership cost? Fractional ownership 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. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Competent. 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. You enjoy all the benefits of your private jet, while we handle the rest! Request Information. Learn more about the National Business Aviation Association. Stay connected for business. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. | 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. Is Fractional Ownership the Right Choice for You? During the 1990s the growth of fractional ownership programs was substantial. 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. 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