Services; Co-Ownership Vs. Partnership; . Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. Aircraft Description $650,000 for 50% ownership in this excellent running low hours jet. 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. KEMT - San Gabriel Valley Airport Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, PlaneSense, and AirSprint.Alternatively, owners can join together to purchase their own aircraft, independently of a larger management company. . Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. 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 program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. For that you get 75 . 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. After an exhaustive search of available aircraft, they represented me on the acquisition, negotiation and importation of a long range aircraft and then oversaw a comprehensive customization of the entire plane. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. You've disabled cookies in your web browser. $157,500 per share - Fractional Home. Maybe. 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. Their process was comprehensive and thorough. 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. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. It was easy to request this. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. If you want to see how fractional aircraft options fit into the . Candid. term of 30 months. 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! After completing the CAPTCHA below, you will immediately regain access to the site again. More details to come! Stay connected for business. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. But is leasing right for you? Saint Charles, Illinois, USA. Jet Aircraft Immediate Availability! Hangared in Venice FL. 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 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. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Additional information is available in this. We can then help with all the sharing docs, financing, insurance, and training. Am I able to fly over my allotted hours for the year? Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. This lowers our business acquisition cost resulting in the lowest fractional aircraft program share costs to be found anywhere. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . No. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). Our team will assist you with filing initial . But if you fly a lot, these programs cost less per hour. Why rent or lease, when you can fractionally own? 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. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. This economically efficient option can provide significant savings. 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. Whether or not you should buy a share with a fractional ownership provider or go with whole aircraft ownership depends on the amount of time and money that a person plans on flying. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Number of Seats: 2. All staffing and maintenance are included, with all work performed in-house. 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. For example, a one-eighth share entitles an owner to 100 flight hours annually, which is approximately 50,000 miles. We realize plans change, but experiences shouldnt. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. The magic begins the moment you step onboard our aircraft. 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. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. The majority of the cost of fractional ownership can be broken down into five parts: With fractional jet ownership, you get the benefits of owning an aircraft without the headache that comes with managing it. 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. No worries or additional costs. Your contract will include a set number of overnights with no daily minimums for the overnights you select. Aircraft Location: Pompano Beach, Florida 1/10 Fractional Ownership: Call For Availability Total Time: 6,500 Number of Seats: 7 Interior Notes: Carrying 7 passengers and a crew of two, the interior dimensions measure: 15' 7" long, 4' 10" hig. 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. Private access to esteemed sporting, philanthropic, social, and educational events. 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. 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. In some cases, the tax exemptions are customized to suit your interest and your tax situation. Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. How many people do I typically travel with? Flexjet is proud to offer private helicopter fractional, lease, and charter programs. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. See how companies of all sizes use aircraft to help their businesses succeed. There are, at present, two options when purchasing a fractional share. Whether youre reaching the worlds financial centers or remote mountain towns, well fly you there in luxury, precisely as you scheduled. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. info@floridaflightcenter.com. Fractional aircraft share programs are long-lasting relationships. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. Fractional ownership This feature increases the availability to all owners. FlightRules: IFR Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. What are the benefits of fractional aircraft ownership? 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. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. However, SkyShareUSA has a program to offset repositioning charges for owners. But his concept is more than just an affordable buy-in. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. Generally, if you fly less than 50 hours a year, I! 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