It made the difference in my flying! A typical one way trip for 5-8 people from Florida You're a power user moving through this website with super-human speed. This article gives an overview of the agreements and documents you will sign as a fractional owner. This is based on an hourly rate and your flight hours are billed monthly. 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! ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. We offer a unique and innovative ownership and leaseback program for aircraft buyers and select aircraft owners, eliminating traditional burdens for . Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. No, it is unlikely that you will have the same crew for each flight. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. 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. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Please feel free to give us a call at 407-923-2336 to discuss what options are available. This varies depending on the aircraft type and size of the share. 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. However, SkyShareUSA has a program to offset repositioning charges for owners. I really liked the fact that I could ask for exactly who I wanted. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Interior recently restored in beautiful cream with gray accents. 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. . Simply choose the share size that is best for you, the minimum commitment ranges from 24 to 36 months. Asset purchase - this upfront cost covers your share of the aircraft. We have your aircraft ready for you today! This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. Fractional ownership is basically a partnership with multiple buyers at the corporate level. Clients considering fractional aircraft ownership often have different expectations and have varying needs. For career questions, emailcareers@planesense.com. Total Time: 0. 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. 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. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. 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 fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. 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. Size Rankings Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. 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. WORKING HOURS. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. A preferred solution for supplemental options and/or avoiding upfront capital investment. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. More details to come! Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Candid. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. 212.0597. 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! Up to date maintenance and is always kept in a hangar when not in use. Flexjet private jet leasing options begin at 50 annual hours. With one call or online booking, our full-service concierge team takes care of the rest. The tax applies to the . Leave all the hassles and worries to us. Discover a DiamondShare near you. As you were browsing something about your browser made us think you were a bot. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. This economically efficient option can provide significant savings. 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 Third Cost Basis is your Direct Operating Cost: the cost to fly your aircraft. Equity Fund, Shared Ownership. Traditional share sizes are based on annual flight hours per contract, per year. 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. 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. 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. 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. 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. 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. 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. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. What documents do I need to sign when I purchase a fractional jet ownership share? Granting you the ability to "right-size" your jet to fit each trip. 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. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. See below how our pricing for a particular aircraft stacks up against major industry competitors. Aircraft partnerships (AKA Fractional Aircraft Ownerships). 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. The PlaneSense program offers the Pilatus PC-12 turboprop and Pilatus PC-24 jet, two of the most sought-after, advanced aircraft in the world. Will my direct operating cost per hour increase as my hours purchased increases? You enjoy all the benefits of your private jet, while we handle the rest! Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. If you want to see how fractional aircraft options fit into the . Thorough. Have breakfast in the mountains. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. Fractional aircraft share programs are long-lasting relationships. 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. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. 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. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. Leasing. No worries or additional costs. 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. And maintenance to even handling the money - let us help from food. Ability to `` right-size '' your jet even handling the money - let us help an solution! 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