What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. This field is for validation purposes and should be left unchanged. . 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. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. 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. Total Time: 2,945 Engine #1: 2,945 Engine #2: 2,945 Engines enrolled on Williams Tap Blue Deferred Tamarack Winglets PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. Quite possibly we have the solution that will not break the bank. Share ownership in $2M - $4M vacation properties with one low investment. Fractional ownership can start to make sense if you fly more than 50 hours a year. 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. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. 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 Aircraft Location: South Florida, Florida, USA. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. 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. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. 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. Follow our press to stay current on all aviation media releases. Discover a DiamondShare near you. Financial Considerations: Is Fractional Ownership the Right Choice for You? April 30 - May 2, 2024. . Below youll find just a few of the benefits of purchasing a Flexjet fractional share. Jet Aircraft Immediate Availability! This strategy allows us to offer the lowest-priced Fractional Jet Ownership shares in the industry. 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. How much does fractional aircraft ownership cost? Fractional ownership allows the purchaser to own a slice of a specific aircraft (typically between one sixteenth and one half) through a fractional share provider who will guarantee supply of an aircraft as needed, either your plane or a comparable one. Wifi Information R Louis Zeitlin ShareMyAircraft is the internet's best resource to help you find a fractional share in Orlando, FL or throughout the country. 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. Most people equate this to a timeshare. With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. Thorough. More details to come! Services; Co-Ownership Vs. Partnership; . Share sizes start at 50 annual flight hours and increase in 25-hour increments. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. Our elite team of aviation experts handles every detail, from trip planning to maintenance. Equity Fund, Shared Ownership. 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! Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. This is because lenders have fewer opportunities to get full collateral interest on these loans. Contact us today to become a fractional owner and lets start your journey. Gulfstream G650 Access Programs. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. 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. WORKING HOURS. Interior recently restored in beautiful cream with gray accents. Has your time come to rise above the delays, hassles, long wiats and lines along with uncomfortable accommodations of the airlines. As you were browsing something about your browser made us think you were a bot. Total Time: 0. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. Equity Residences: Beach Home - Marathon Key, Florida. Planning for the teams future is one of a leaders most important responsibilities. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. Fractional ownership is best for those who typically utilize air travel for 15 or more trips per year and allows you to buy or lease a share in the Challenger 350 and Phenom 300, the best super midsize and light jets in private aviation. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. 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. DiamondShare Opportunity. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. You've disabled JavaScript in your web browser. It is dividing the use and expenses of an aircraft into smaller pieces. Find out whether a membership/card program, charter, fractional or dedicated aircraft model is right for you and how a private aviation consultant can help you make an informed decision in this free eBook. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Other programs offer share sizes based on annual days of utilization per contract year. 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. Potentially. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. The fractional aircraft operators in North America flew over 833,000 hours in 2022. There is no other jet card or fractional jet share solution that can match it. I was never once disappointed. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. + 1.877.356.5823 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. More details to come! Consequently, our Direct Operating Charges are the lowest you will find. 1999 Cessna Citation Jet available for 50% co-ownership. The transactions had several challenging issues that required expert counseling and negotiation. Florida Fractional Club puts a New Spin on the ConceptThe 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.To spice things up, in addition to the flybridge motoryacht, Florida . Our leadership is comprised of a team of a dedicated services team and aircraft experts who collectively have over a hundred years of experience in managing, maintaining, and operating aircraft. 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. 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. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . . Co-Ownership Support, Legal Docs, help with insurance, financing etc. For fractional share airplanes in Orlando, FL, browse our . You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. Call Listing Broker Scott MacDonald Toll Free8882804900 . Saint Charles, Illinois, USA. 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. 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. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . If youre interested in elevating your career to the next level, look no further than SDC2025. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. Fractional Share is a term used for fractional ownership of an aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. 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. Let us help you reduce the expense of ownership! Will my management fee increase as my hours purchased increases? PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. 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. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare We then completely refurbish these aircraft with new interiors, avionics, and engine overhauls or replacement. This fee covers your hourly operational costs for each hour flown. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. Competent. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Find the best new and used aircraft for sale such as business jets, helicopters, Experimental, Warbirds and more. Professional. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. lowest fractional aircraft program share costs, Less hassle than whole aircraft ownership, Best Jet Ownership Fractional Program In The Industry, Contact Us & See How We Can Save You Money On A Private Aviation Solution. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Will my direct operating cost per hour increase as my hours purchased increases? 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. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. Leave all the hassles and worries to us. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Fractional Aircraft Ownership SERVING PILOTS SINCE 1996 2023. fractional ownership. Thank you. 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. Size Rankings As you were browsing something about your browser made us think you were a bot. 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. This varies depending on the aircraft type and size of the share. Florida Fractional Club puts a New Spin on the Concept. We can then help with all the sharing docs, financing, insurance, and training. Our comprehensive combination of aircraft volume purchasing, sales, maintenance, and refurbishment including avionics, interiors, and exteriors under one roof allows us to provide Fractional Ownership at a fraction of the cost of other fractional providers and jetcard programs. Full ownership requires a major upfront capital deployment, while variable marketing conditions can dilute your ROI. 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 Fractional ownership is basically a partnership with multiple buyers at the corporate level. Sky Share USA regional representatives are on-call no matter what the hour, to ensure smooth transfers and answer any questions you may have along the way. Is fractional jet ownership the same thing as a timeshare? We have your aircraft ready for you today! Usage. . info@floridaflightcenter.com. We are committed to protecting the privacy of our clients. Lee and Tom are key partners in all aspects of family office aviation matters., John Castrucci, Family Office Executive & Founder, I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. 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. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. term of 60 months Min. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. 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. Monthly Management Fee - Covers the indirect expenses associated with operating your aircraft, including pilot training, insurance, cabin support, trip management, crew provisions, and other administrative costs, Hourly Rate - Charged for each hour an aircraft is in flight, plus 2/10 taxi time. Our team of aviation experts handles every aspect of your travel experience. . You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. If you want to see how fractional aircraft options fit into the . If your aircraft type doesn't suit you for . Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. 2023 ShareMyAircraft.com All Rights Reserved | 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. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 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. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. With SkyShareUSA, these fees can be completely ELIMINATED. Will my fractional jet ownership share be subject to state sales tax and state use tax? Will I have the same crew for each flight? 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. 212.0597. Save the date and make plans to attend the biggest and most productive event of the year for business aviation. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . 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. 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. By using our facilities and our own Certified Technicians, we save millions of dollars over time, and we pass these savings on to our owners. With one call or online booking, our full-service concierge team takes care of the rest. Practical. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. 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. Not necessarily. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Fractional Share is a term used for fractional ownership of an aircraft where multiple owners share the costs of purchasing, leasing and operating the aircraft. Flexjet Lease Components Flexjet offers a wide range of private airplane fractional ownership florida options, including leasing... Options fit into the, restrictions, and training is contractually-defined and an! Of how the appropriate tax laws and regulations apply exclusively to business aviation operators depending on the that! 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