The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! 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. Our team of aviation experts handles every aspect of your travel experience. April 30 - May 2, 2024. . Services; Co-Ownership Vs. Partnership; . The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Asset purchase This upfront cost covers your share of the aircraft. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. 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. When you own a share, you will fly aboard aircraft that uniquely combine solid, proven craftsmanship with sophisticated luxury for the most reliable, innovative, and safe, private travel experience. Usage. What are the costs associated with fractional plane ownership? With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Think of them as your personal concierge. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. A preferred solution for supplemental options and/or avoiding upfront capital investment. info@floridaflightcenter.com. How much does fractional aircraft ownership cost? As you were browsing something about your browser made us think you were a bot. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. 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. 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. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. 1 opening available. With operating costs from $699/hr. 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. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. Efficient., Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. 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. 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. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Follow our press to stay current on all aviation media releases. The SMA Network is designed to help you Fly More. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. Private access to esteemed sporting, philanthropic, social, and educational events. It was easy to request this. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. Aircraft listing and Share Liquidity. What is the length of commitment for fractional aircraft ownership? There are, at present, two options when purchasing a fractional share. If youre flying more than you expected, you may also purchase hours from other Flexjet owners, as well as buy hours in any other aircraft type. Total Time: 0. 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. You enjoy all the benefits of your private jet, while we handle the rest! But if you fly a lot, these programs cost less per hour. 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. Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year. Financial Considerations: Is Fractional Ownership the Right Choice for You? Your contract will include a set number of overnights with no daily minimums for the overnights you select. The fractional aircraft operators in North America flew over 833,000 hours in 2022. Unique to Flexjet, Versatility Plus allows you to customize your annual flight hours to align with the actual number of flight hours you need each year. . Flight departments rely upon our consultative approach to providing supplemental lift solutions. What is the maximum fractional jet ownership share size? Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. I was never once disappointed. 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 industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. For that you get 75 . 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Partners in Aviation. Thorough. See below how our pricing for a particular aircraft stacks up against major industry competitors. Youll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead. Asset purchase - this upfront cost covers your share of the aircraft. The SkyShare USA fractional jet fleet is comprised of the Beechjet 400a for light jets and the Learjet 60 for our mid-sized jets, we do not have any heavy jets at this time. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Our uncompromising standards in both service and safety ensure you can fly with true peace of mind. 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. With sufficient notice before the flight time of your trip, SkyShareUSA can eliminate these charges to fractional owners with no management fee or other costs involved. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. 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. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. You've disabled cookies in your web browser. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. 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. We understand that travel flexibility is vital to our owners. Equity Fund, Shared Ownership. The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. 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. If you want to see how fractional aircraft options fit into the . 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. Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Additional information is available in this. Saint Charles, Illinois, USA. This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. Leasing. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. 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. Designed for those who fly 50+ hours per year, fractional jet ownership allows you to purchase equity in a specific Flexjet aircraft. Most people equate this to a timeshare. 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. 1999 Cessna Citation Jet available for 50% co-ownership. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G650 unlimited hours a day, 40 days per year. Choose generous interchange bonuses on . But his concept is more than just an affordable buy-in. But is leasing right for you? Monthly maintenance fee: These will be charged to each. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.. $7,500 FORANE , Sep 25, 2022 Replies: 2 Views: 955 Dana Oct 8, 2022 For Sale: Aircraft 1972 Bellanca Super Viking (300hp) ($85k) bradg33 , Oct 3, 2022 Replies: 7 Views: 794 Arnold Oct 6, 2022 Wanted: Partnership Seeking Sacramento area partnership juansg , Jan 20, 2020 From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. What are the key considerations for fractional jet ownership? Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. Up to date maintenance and is always kept in a hangar when not in use. 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. The frontier of travel where innovation meets aviation. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. Let us help you reduce the expense of ownership! We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. . 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. term of 60 months Min. There are several key considerations that factor into fractional jet ownership. Welcome to the Intelligent Private Flying Solution. For fractional share airplanes in Orlando, FL, browse our . The 2023 NBAA Tax, Regulatory & Risk Management Conference is the premier conference for attorneys, CPAs, financial advisors, CFOs and flight operations professionals looking for tax planning strategies from industry leaders. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. REQUEST MORE INFORMATION. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. We are committed to protecting the privacy of our clients. It was so easy to use - I loved making and posting a flyer. Jet Aircraft Immediate Availability! 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. As with most rules of thumb, there is some truth to this maxim, but your analysis should go much deeper. 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. Much deeper there are, at present, two options when purchasing a fractional airplanes... True peace of mind options fit into the to purchase see below how pricing! 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