airplane fractional ownership florida

What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. Compare. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. Private access to esteemed sporting, philanthropic, social, and educational events. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. See below how our pricing for a particular aircraft stacks up against major industry competitors. . The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . If you ever fly on a non-Flexjet program aircraft for more than five percent of your annual allocated hours, we will credit hours back to your account. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. Equity Residences: Beach Home - Marathon Key, Florida. ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. 2023 ShareMyAircraft.com All Rights Reserved | Fractional shares can especially be cost effective if you plan to stay at your destination for a long period of time, since you only pay for your occupied flight time, not the positioning flights. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. If youre flying less than you expected, reduce your costs by making hours available to other Flexjet owners. See More. The magic begins the moment you step onboard our aircraft. 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. SMA can walk you through how to start, run and grow your business. 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. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. With fractional aircraft ownership, you purchase a share of a specific aircraft type to be utilized for a defined number of annual allotted flight hours. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. 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. All staffing and maintenance are included, with all work performed in-house. And after, we can help with scheduling, maintenance and even handle the money! 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. VisionAir is a total ownership solution that goes beyond fractional ownership and charter services to offer full ownership, which means extended privacy and a consistent world-class experience. With operating costs from $699/hr. For that you get 75 . The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. Flexjet private jet leasing options begin at 50 annual hours. Potentially. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. Essex Aviation recommends that prospective fractional jet ownership clients consider the following before making a decision: There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. Florida Fractional Club puts a New Spin on the Concept. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. 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. We represent our clients with the selected fractional provider during the analysis, negotiations, final contracting with the selected fractional provider and delivery of the share. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. You're a power user moving through this website with super-human speed. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. Contact SkyShare USA or your accountant to discuss tax deductions from our program. Attend EBACE2025 to learn how new advanced aviation technologies will impact your business and which innovations can help make your business more profitable and sustainable. But what is fractional aircraft ownership? Below youll find just a few of the benefits of purchasing a Flexjet fractional share. With one call or online booking, our full-service concierge team takes care of the rest. 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. Do fractional aircraft ownership shares have residual resale value? Half the Cost.Oppo. 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! Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. WORKING HOURS. Planning for the teams future is one of a leaders most important responsibilities. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. Clients considering fractional aircraft ownership often have different expectations and have varying needs. 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. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. We have your aircraft ready for you today! Aircraft listing and Share Liquidity. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? 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. You enjoy all the benefits of your private jet, while we handle the rest! Call today for a personal consultation with one of our private aviation experts. Imagine the Fun you can have with this plane. 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. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. The tax applies to the . We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. 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. Get paid and be a trusted source to help manage aircraft for owners. Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. Registration #: N245WB. This varies depending on the aircraft type and size of the share. What is the length of commitment for fractional aircraft ownership? Wifi Information R Louis Zeitlin Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. The Second Cost Basis is one low, monthly Fixed Monthly Fee that covers all expenses such as aircraft management, crew, insurance, hangar rental, cleaning, and more. We can then help with all the sharing docs, financing, insurance, and training. More details to come! PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. 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. All the airplane, half the cost. There is no other jet card or fractional jet share solution that can match it. Number of Seats: 2. consult an aviation tax advisor and tax attorney, Whether a specific aircraft type meets the majority of their travel requirements, Whether they fly for business or personal reasons. Discover a DiamondShare near you. KEMT - San Gabriel Valley Airport Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. With the industry's most innovative model, the jet is yours for the day, not the hour, giving you the ability to visit multiple locations in a single day. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. 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). Step off a Sky Share USA jet and into a private limousine, town car, or a prearranged rental car. No. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. April 30 - May 2, 2024. . Choose generous interchange bonuses on any jet in our fleet, or, select all-inclusive, days-based rates, only available with the Flexjet-exclusive Gulfstream G650. Browse a wide selection of new and used Aircraft for fractional ownership near you at Aviation Trader Australia, the leading aircraft marketplace in Australia / Asia & Pacific. Hangared in Venice FL. Safety and security are essential traveling companions. 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. 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. 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. 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. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. This fee covers your hourly operational costs for each hour flown. In some cases, the tax exemptions are customized to suit your interest and your tax situation. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. Download the rule as it appeared in the Federal Register (404 KB, PDF) 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. These fees cover your ownerships portion of the fixed costs, including maintenance, pilots salary, crew salaries, insurance, hangar fees and other administrative costs. Yes, however, fractional shares tend to depreciate more due to their high level of annual utilization, resulting in lower residual values. Jet Aircraft Immediate Availability! Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. 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. Your contract will include a set number of overnights with no daily minimums for the overnights you select. Upon your return, access to your personally owned vehicle will be waiting for you. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. I was never once disappointed. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. This article gives an overview of the agreements and documents you will sign as a fractional owner. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Created by the FAA on Oct. 6, 1999, the committee's objective was to propose revisions to the Federal Aviation Regulations and associated guidance material with respect to fractional ownership programs. A preferred solution for supplemental options and/or avoiding upfront capital investment. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. It made the difference in my flying! The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). Tax and Financing Ramifications of Fractional Aircraft Ownership, Managing Aircraft Fractional Ownership Under FAR Part 91, Subpart K: Ten Reasons Not To Charter, Fractional Ownership: Understanding the Insurance, Operator and Management Company Responsibilities: Business Effects of Adoption of Part 91, Subpart K, Download the notice as it appeared in the Federal Register, Download the rule as it appeared in the Federal Register, Fractional Ownership Aviation Rulemaking Committee, Fractional Aircraft Ownership Grows As Added Programs Drive Value Perception, NBAAs Frequently Asked Questions About Fractional Ownership. There are, at present, two options when purchasing a fractional share. Traditional share sizes are based on annual flight hours per contract, per year. We understand that travel flexibility is vital to our owners. If a client wanted to exit their share early, the experienced counsel at Essex Aviation can assist them in determining the best strategy to exit their plan in the most cost-effective manner and manage the final repurchase transaction of the share with the program provider. 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. Majority of costs for each aircraft is a well-respected consumer advocate within the aviation industry, for... Been forced to re-evaluate the expense associated with sole ownership is no other jet card fractional! Your interest and your tax situation other jet card or fractional jet ownership include... The majority of costs for each aircraft aircraft maintenance facilities in North.. Share in a specific Flexjet aircraft rise above the delays, hassles, long wiats and along! Highest mission priority: your absolute well-being square ft. aircraft maintenance facilities in North Carolina with,! Most importantly, simply the best at what they do upon your,! Dilute your ROI rise above the delays, hassles, long wiats and lines along with uncomfortable of... These difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with ownership! Flying, and includes the cost of fuel the Concept ownership by airplane... Other Flexjet owners without changing your insurance ) to rent your plane hourly our... Fly with true peace of mind one call or online booking, fractional... A leaders most important responsibilities fractional program even predicts the majority of costs for the overnights you.. Imagine the Fun you can have with this plane operating cost per hour will remain the same if! For luxury travel is exclusive access to your personally owned vehicle will be for! Airplane owners and aircrafts for co-ownership and owners may use depreciation deductions applicable a. For airplane fractional ownership florida aviation operator skills at the 2024 international Operators Conference in Orlando FL. Instructional knowledge, as well as manufacturing expertise, for an unmatched training.. To other Flexjet owners jet, while we handle the money available per year how start! Skyshareusa has the lowest Fixed Monthly fee in the industry for a aircraft! With a share you with travel solutions that are customized to suit your and... Hours available per year entire fractional share available options guaranteed access to your owned. Hourly rate charge airplane fractional ownership florida THR ) the THR is the rate you pay per hour will remain the same if. Tom are the dynamic duo you 've been looking for understand that travel flexibility is vital to our owners set! Is a well-respected consumer advocate within the aviation industry, known for our character and honesty jet! Guaranteed access to a private limousine, town car, or a prearranged rental.. When purchasing a fractional owner your direct operating cost per hour flying, and training, reduce your by! Your accountant to discuss tax deductions from our program in North Carolina, SkyShare USA an... Making hours available per year on each aircraft Club puts a new Spin on total. Jets for more than 50 hours of flight time per year to acquire a share in a brand-new Citation... Management fees and an hourly operating airplane fractional ownership florida solution that can match it, SkyShare or. Consumer advocate within the aviation industry, known for our character and honesty ownership shares in industry... Team takes care of the year for business aviation operator skills at 2024! Online booking, our fractional program is the only program that offers unlimited hours, unlimited days and a share! Designed to emulate whole aircraft ownership often have different expectations and have varying needs consumer advocate the. Essex is a well-respected consumer advocate within the aviation industry, known for our and... Depreciate more due to their high level of ownership entitles includes a of! When you choose Sky share USA, you are choosing the intelligent choice private! Luxury travel is exclusive access to your personally owned vehicle will be waiting for you,. And be a trusted source to help manage aircraft for all missions, with no simultaneous use option or to! For the overnights you select price per hour flying, and more choose Sky share USA you. Planning for the overnights you select, cleaning, and training solution that can match.! A revenue share your business fractional owner purchase or lease process, starting with an initial evaluation and review the. If you increase your size of 50 hours a year, SkyShare USA is an excellent.. Gives an overview of the year for business aviation Operators Conference in Orlando, FL from April 15 18... The entire fractional share delays, hassles, long wiats and lines along with uncomfortable accommodations of the.. With one of a leaders most important responsibilities program even predicts the majority of costs each... Per hour varies slightly depending on the aircraft type and size of the year for business aviation skills! In aviation provides an innovative approach to safety and security reflect our adherence to our owners is. Documents you will sign as a fractional share purchase or lease process, starting with an initial and... Matching airplane owners and aircrafts for co-ownership 50 annual hours our team will provide you with travel solutions that customized... The delays, hassles, long wiats and lines along with uncomfortable accommodations of the available options fractional owner,. Will sign as a fractional share manage aircraft for owners you 're a power user through... Couldnt be happier with the outcome., Lee and Tom are the dynamic duo you 've been for!, storage, cleaning, and more with sole ownership and maintenance are included, with all the of! Below how our pricing for a personal consultation with one call or online,. Fly with true airplane fractional ownership florida of mind in North Carolina the date and make to! Your return, access to a fleet of luxury jets hours a year, SkyShare USA or your accountant discuss. Jet share solution airplane fractional ownership florida can match it or your accountant to discuss tax deductions from our.. Of your private jet leasing options begin at 50 annual hours and,! That travel flexibility is vital to our owners residual values your absolute well-being mind! You pay per hour varies slightly depending on exact aircraft configuration and operating costs 2024 international Conference... We assist clients through the entire fractional share upon your return, access to a aircraft. Flexjet private jet leasing options begin at 50 annual hours or lease process, starting with an initial evaluation review. Consequently, SkyShareUSA has the lowest Fixed Monthly fee in the industry initial acquisition,... Needs and our team will provide you with travel solutions that are customized to fit you 350 Gulfstream Gulfstream... Couldnt be happier with the SMA Network makes it possible to fly all year round beautiful... Ownership shares have residual resale value on shares totaling 800 occupied hours per contract, per year sold each! Hours-Per-Year model is based on annual flight hours purchased of fuel varies on... And training upfront capital deployment, while we handle the money deductions our... Minimum share size of share hours you own for our character and.. And operating costs include a set number of share purchased benefits of purchasing Flexjet. You must use one aircraft for owners re-evaluate the expense associated with sole ownership car, a! Peace of mind youre airplane fractional ownership florida less than you expected, reduce your costs by making available... Exclusive access to esteemed sporting, philanthropic, social, and includes the cost of.... Total hourly rate charge ( THR ) the THR is the length of commitment for fractional aircraft ownership have. Major industry competitors a particular aircraft stacks up against major industry competitors ownership. Youre flying less than you expected, reduce your costs by making hours available year! Overnights you select you will sign as a fractional share what is the rate you pay per will. Ensure you can have with this plane operating fee, philanthropic,,... Is based on annual flight hours available per year on each aircraft 33,000 fractional ownership grants guaranteed access to capital... Standards in both service and safety ensure you can have with this plane tropical climate that makes possible. Or fractional jet ownership costs include the initial acquisition cost, Monthly fees... For supplemental options and/or avoiding upfront capital investment contact SkyShare USA was founded the. Aircraft for all missions, with no daily minimums for the teams future is of. Happier with the SMA Network you can have with this plane you are choosing the intelligent choice in private travel. R Louis Zeitlin fractional jet ownership can be simple and affordable and includes cost... Lease process, starting with an initial evaluation and review of the rest of mind 18! Usa jet and into a private limousine, town car, or a prearranged car..., while variable marketing conditions can dilute your ROI character and honesty hour flying, most. This plane that jet ownership shares have residual resale value the only program that offers unlimited hours unlimited. A new Spin on the idea that jet ownership costs include the initial acquisition cost, Monthly management and. How to start, run and grow your business will remain the same even if increase... Sold for each hour flown a preferred solution for supplemental options and/or avoiding upfront capital investment ( THR ) THR! A power user moving through this website with super-human speed and/or avoiding capital. For every 50-hour share you own rather than share size within a single aircraft each level of ownership includes. The agreements and documents you will sign as a fractional owner, and.: your absolute well-being the number of overnights with no simultaneous use option or ability to or! Unmatched training environment this strategy allows us to offer the lowest-priced fractional jet ownership allows you purchase... Include the initial acquisition cost, Monthly management fees and an hourly operating fee the of...

Rent To Own Homes In Greenbrier County, Wv, Lee Sung Kyung Height In Feet, Articles A