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. What is Fractional Aircraft Ownership? In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. SkyShareUSAs program is simple, efficient, and transparent. The newer days-per-year model enables owners to fly as many hours as they need per day with the only limitation being standard crew duty times. FlightRules: IFR SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. Asset purchase - this upfront cost covers your share of the aircraft. If you are frequently flying Business Class or First Class on commercial airlines and are tired of the health risks and hassles of the airlines, or discouraged by the skyrocketing costs of jet ownership, aircraft charters, leasing, or buying jet cards, SkyShareUSA Fractional Ownership will allow you to fly more and pay less. 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. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Additional information is available in this. Your allocation of hours is dependent upon how much of the jet you own. This economically efficient option can provide significant savings. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Registration #: N245WB. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. Phone: +1 630-253-5659. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. The magic begins the moment you step onboard our aircraft. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. A portion of a share purchase can be sold back to the provider at the end of the contract. Fractional Ownership Aircraft Charter Interchange Agreements Aircraft Leasing Time Sharing Agreements Reimbursement For Owner-Pilots NBAA's Small Aircraft Exemption Operational Control Aircraft Registration & Transactions Aircraft Transactions Guide Ethical Business Aviation Transactions Exporting Aircraft from the United States KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. You're a power user moving through this website with super-human speed. Consequently, our Direct Operating Charges are the lowest you will find. Asset purchase This upfront cost covers your share of the aircraft. Safety and security are essential traveling companions. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. 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. Financial Considerations: Is Fractional Ownership the Right Choice for You? DiamondShare Availability. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. See below how our pricing for a particular aircraft stacks up against major industry competitors. No, it is unlikely that you will have the same crew for each flight. Contact SkyShare USA or your accountant to discuss tax deductions from our program. 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. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. . Privacy Policy 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. 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. Let us help you reduce the expense of ownership! This article gives an overview of the agreements and documents you will sign as a fractional owner. People Also Ask (PAA) After completing the CAPTCHA below, you will immediately regain access to the site again. 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. And after, we can help with scheduling, maintenance and even handle the money! Saint Charles, Illinois, USA. Call today for a personal consultation with one of our private aviation experts. Interior recently restored in beautiful cream with gray accents. 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. 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. FL 34243, United States +19413763500 +19542901357. What is the length of commitment for fractional aircraft ownership? The Pilatus PC-12 Fractional Ownership Program | PlaneSense Pilatus PC-12 Turboprop The Pilatus PC-12 has been an integral part of the PlaneSense fleet since 1995, giving the team more operational experience than any other program. There are several key considerations that factor into fractional jet ownership. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Leasing. This option can provide significant savings by making up to 25% of your hours available to other Owners within the Versatility Plus pool. Equity Residences: Beach Home - Marathon Key, Florida. 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. No. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Thorough. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. 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. With the purchase of a Citation CJ3+ fra.See More Details Serial Number 525B-0607 Total Time 515 Number of Seats 8 Year Interior 2020 flyExclusive Fractional 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. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Is Fractional Ownership the Right Choice for You? Clients considering fractional aircraft ownership often have different expectations and have varying needs. Monthly maintenance fee: These will be charged to each. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Share sizes start at 50 annual flight hours and increase in 25-hour increments. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. Discover what defines our brand, our services and the standards that set us apart. Mon -- 9:00 am - 5.00 pm. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. Aircraft partnerships (AKA Fractional Aircraft Ownerships). We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. 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. 1/2 ownership.160hp GNC355 Full IFR. Collaborations with likeminded brands that offer one-of-a-kind experiences and products. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. 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. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Will my fractional jet ownership share be subject to state sales tax and state use tax? Updated November 23, 2020: A fractional ownership contract is one that is common in certain industries, including the aviation industry, vacation homes, timeshares, and other rental properties. Florida Fractional Club puts a New Spin on the Concept. With one call or online booking, our full-service concierge team takes care of the rest. 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. 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. 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. 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. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. A typical one way trip for 5-8 people from Florida What are the costs associated with fractional plane ownership? 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