This varies depending on the aircraft type and size of the share. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated Oct. 6, 1999. The maximum fractional jet ownership share size is 800 hours of flight time per year, which is roughly equivalent to ownership of the entire aircraft. What is Fractional Aircraft Ownership? WORKING HOURS. 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. Download the rule as it appeared in the Federal Register (404 KB, PDF) This field is for validation purposes and should be left unchanged. Monthly management fee Maintenance, trip management, crew staffing and other administrative costs are covered by the monthly fee. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Please feel free to give us a call at 407-923-2336 to discuss what options are available. Request Information. Terms of Service, Find what you're looking for: Planes, Pilots & Professionals. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. 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. 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. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. However, figuring out the true cost of flight hours can be tricky. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. 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. Granting you the ability to "right-size" your jet to fit each trip. Yes, your management fee will increase if you increase your size of share purchased. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. 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 objective of the FOARC was to propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs. On Feb. 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking. Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. It is dividing the use and expenses of an aircraft into smaller pieces. 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. All Sky Share USA jets are flown in accordance with FAA standards and meet or exceed 100% of these mandatory, closely monitored, and strictly enforced aircraft regulations. Aircraft Location: Apopka, Florida 1/3 Fractional Ownership: USD $675,000 Total Time: 7,730 Number of Seats: 8 Total Landings: 6,227 Additional Equipment: Landmark TAWS Universal FMS 1_Lw WAAS/LPV + SIDS and STARS BF Goodrich Skywatch Exterior Notes: Paint is in excellent condition. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. 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. What are the costs associated with fractional plane ownership? Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. This is because lenders have fewer opportunities to get full collateral interest on these loans. For those new to private aviation, or those simply looking to make a change, the initial evaluation of the various private aircraft programs is an important step made easier by working with Essex Aviation. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. 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. 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. What is the length of commitment for fractional aircraft ownership? 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Fractional ownership can start to make sense if you fly more than 50 hours a year. What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . More details to come! Interior recently restored in beautiful cream with gray accents. Traditional share sizes are based on annual flight hours per contract, per year. 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. But what is fractional aircraft ownership? We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Aircraft listing and Share Liquidity. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. term of 30 months. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. From turbo-props to light jets and heavy jets, Essex Aviation can help identify the most suitable aircraft to meet any clients specific personal or business travel requirements. 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. AND. Knowledgeable. Lifestyle and educational content that brings our brand of aviation to life. 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. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Florida Fractional Club puts a New Spin on the Concept. During the 1990s the growth of fractional ownership programs was substantial. 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. There is no other jet card or fractional jet share solution that can match it. FL 34243, United States +19413763500 +19542901357. 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. Depending on your ownership level, you may use up to five aircraft in one day. The cuts are part of its previously announced . Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. 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. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. If you want to see how fractional aircraft options fit into the . The frontier of travel where innovation meets aviation. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. 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