This fee covers your hourly operational costs for each hour flown. 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. We are committed to protecting the privacy of our clients. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Aircraft Location: South Florida, Florida, USA. Additional information is available in this. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. See More. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. The frontier of travel where innovation meets aviation. FL 33547 United States Telephone: . 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. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. 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. A solid plan makes it easier to navigate todays uncertain world and when priorities change or a crisis happens, a well-crafted plan will help keep the team on track. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the Thorough. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. 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. All the airplane, half the cost. The cuts are part of its previously announced . 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. 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. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. The transactions had several challenging issues that required expert counseling and negotiation. Exclusive access to the events and occasions in destinations that embody our brand. 212.0597. Learn more about the National Business Aviation Association. Making the perfect partnership work perfectly. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. 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. 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. In fact, you may never fly in your own aircraft. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. 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. AND. You've disabled JavaScript in your web browser. Whatever your private aviation needs may be, we have the solution. Equity Fund, Shared Ownership. 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. Size Rankings We have your aircraft ready for you today! This economically efficient option can provide significant savings. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. The expertise of Essex allowed us to understand more fully our flight metrics, history, costs and how to match our future aviation needs with available options in a way that would not have been possible on our own., Throughout my career as a family office executive, Essex Aviation has been my go to aviation expert. 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. Upon your return, access to your personally owned vehicle will be waiting for you. What is Fractional Aircraft Ownership? Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. There is no other jet card or fractional jet share solution that can match it. We take care of it all. Thank you. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . But is leasing right for you? Clients considering fractional aircraft ownership often have different expectations and have varying needs. All fractional operations will be in compliance with the new rule by the February 2005 deadline. Download the rule as it appeared in the Federal Register (404 KB, PDF) Will I have the same crew for each flight? Am I A Good Fit? I really liked the fact that I could ask for exactly who I wanted. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. 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. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. 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. 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. 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. 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. Our team will assist you with filing initial . Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per 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. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. 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. Up to date maintenance and is always kept in a hangar when not in use. 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. 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). 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. SkyShareUSA acquires underutilized, low-hour aircraft to avoid the overnight depreciation incurred when buying a new one. Two Owners. 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. 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. 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! Usage. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. 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. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. What are the key considerations for fractional jet ownership? Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. . This is based on an hourly rate and your flight hours are billed monthly. It was easy to request this. You've disabled cookies in your web browser. Print Share. 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. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. We realize plans change, but experiences shouldnt. You're a power user moving through this website with super-human speed. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. 1/2 Fractional Ownership: Call For Availability. For career questions, emailcareers@planesense.com. The user is allowed 75-100 hours of usage per calendar year. 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. Is fractional jet ownership the same thing as a timeshare? Read the overview of fractional aircraft ownership and get an idea of the structures and costs. The AAP model is said to represent hassle-free, turnkey . There are, at present, two options when purchasing a fractional share. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. 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. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Your allocation of hours is dependent upon how much of the jet you own. 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. 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. Although it is possible to exceed your yearly allocation by borrowing against the next years allotted hours, each fractional plane ownership company has different restrictions concerning this practice. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Every pilot is type-rated in their assigned aircraft. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. By submitting the form, you consent to such processing. Why spend millions when you can have the performance and comfort at a fraction of the price. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. All staffing and maintenance are included, with all work performed in-house. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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 flying private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. But his concept is more than just an affordable buy-in. 2023 ShareMyAircraft.com All Rights Reserved | Partners in Aviation. However, figuring out the true cost of flight hours can be tricky. Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. 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). Share sizes start at 50 annual flight hours and increase in 25-hour increments. 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