Fractional Jet Ownership Unprecedented Access to Private Air Travel. 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. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company. We provide high-net-worth individuals, corporations and family offices with the insight and expertise they need to confidently navigate the purchase or lease of a fractional share. 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. The AAP model is said to represent hassle-free, turnkey . Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. Equity Fund, Shared Ownership. 1999 Cessna Citation Jet available for 50% co-ownership. After your aircraft share purchase, there are two bills: one monthly fee for fixed monthly expenses, and second for the number of hours you fly. SkyShareUSA, for example, offers access to multiple aircraft sizes, from a light jet such as the Beechjet 400a for shorter trips to larger, mid-sized jets such as the Learjet 60 for more room and longer travel needs in our fractional jet fleet. What types of fractional aircraft ownership shares are available? We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. With fractional, there are minimum and maximum contract periods. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Jet Aircraft Immediate Availability! Get answers to frequently asked questions about fractional ownership. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. You've disabled JavaScript in your web browser. These extensive fees can double your monthly Direct Operating Costs with other companies. Tell us about your private travel needs and our team will provide you with travel solutions that are customized to fit you. 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. Privacy Policy Maybe. SkyShare USA may have some options to assist you with financing a fractional aircraft ownership program or fractional share. 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. SkyShareUSAs program is simple, efficient, and transparent. Competent. . The FAA's 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). This article gives an overview of the agreements and documents you will sign as a fractional owner. For career opportunities and questions, please go to our careers section. Think of them as your personal concierge. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. Included is our guarantee to cover 100% of all maintenance. How much does fractional aircraft ownership cost? 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. Practical. Perfect personalities for even the pickiest of clients!, Essex Aviations guidance and data analysis was crucial to our successful first CJ3 lease and later our CJ4 purchase. 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. Number of Seats: 2. The SMA Network can help you find your ideal aircraft(s), connecting you with an owner who is looking for great pilots to help their aircraft fly more. term of 30 months. If your aircraft type doesn't suit you for . Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. Flexjet is proud to offer private helicopter fractional, lease, and charter programs. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. 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. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. 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. 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. Get email alerts when a new share has been posted to your favorite airports! $157,500 per share - Fractional Home. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. 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. Any client considering fractional jet ownership should ask themselves a few questions before making a decision: There are three basic costs associated with fractional aircraft ownership: The initial cost to purchase a share. With the SMA Network, your plane can earn you income while they fly and keep it maintained. 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. Fractional ownership 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. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Fractional ownership can start to make sense if you fly more than 50 hours a year. You've disabled cookies in your web browser. Clients considering fractional aircraft ownership often have different expectations and have varying needs. 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. You're a power user moving through this website with super-human speed. However, figuring out the true cost of flight hours can be tricky. Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world. 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. DiamondShare Opportunity. If you want to see how fractional aircraft options fit into the . The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. Mon -- 9:00 am - 5.00 pm. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. 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. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. Will my fractional jet ownership share be subject to state sales tax and state use tax? If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? 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. The 2024 NBAA Schedulers & Dispatchers Conference offers the opportunity for attendees to further their professional development through up-to-date education sessions and a wide variety of networking events. We realize plans change, but experiences shouldnt. All fractional operations will be in compliance with the new rule by the February 2005 deadline. We accept no commissions, referral fees or any other forms of compensation from any third parties. Upon your return, access to your personally owned vehicle will be waiting for you. Co-Ownership Support, Legal Docs, help with insurance, financing etc. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. 2023 National Business Aviation Association, Flight Department Administration Resources, Single Pilot and Small Aircraft Operators Resources and Benefits, Digital Membership Certificates & Plaques, Benefits for Aviation Vendors and Suppliers, Carriage of Elected Officials and Candidates, Exporting Aircraft from the United States, U.S.-Registered Foreign Civil Aircraft (Part 375), Non-Business Use of Employer-Provided Aircraft, International Standard for Business Aircraft Operations (IS-BAO), International Standard for Business Aircraft Handlers (IS-BAH), Communications, Navigation & Surveillance (CNS), Cockpit Voice Recorders (CVRs) / Flight Data Recorders (FDRs), Minimum Navigation Performance Specifications (MNPS), Reduced Vertical Separation Minima (RVSM), Automatic Dependent Surveillance-Broadcast (ADS-B), Traffic Alert and Collision Avoidance System (TCAS), Terrain Awareness and Warning Systems (TAWS)/Ground Proximity Warning System (GPWS), Sustainable Flight Department Accreditation Program, European Union Emissions Trading Scheme (ETS), Airframe and Powerplant Inspection Authorization, Forum for Enhanced Reliability and Maintainability Standards (FERMS), Security Risk Assessment for Business Aviation, Best Practices for Business Aviation Security, NBAA Humanitarian Emergency Response Operator (HERO) Database, Approval Checklist and Guidance for Potential PDP Providers, Business Aircraft Scheduler Certificate Program, Young Professionals in Business Aviation (YoPro), Business Aviation Essential to Local Economies and National Interest, Minimizing the Industrys Environmental Impact, Building Relationships with Elected Officials, Regional Business Aviation Groups Directory, Regional Business Aviation Groups Library, 2023 NBAA PDP Course: Strategic Planning That Really Works, 2023 European Business Aviation Convention & Exhibition (EBACE2023), 2023 NBAA Business Aviation Taxes Seminar, 2023 NBAA Tax, Regulatory & Risk Management Conference, 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE), 2024 NBAA Schedulers & Dispatchers Conference (SDC2024), 2024 NBAA International Operators Conference, 2024 European Business Aviation Convention & Exhibition (EBACE2024), 2025 NBAA Schedulers & Dispatchers Conference (SDC2025), 2025 European Business Aviation Convention & Exhibition (EBACE2025), 2026 NBAA International Operators Conference (IOC2026), 2026 European Business Aviation Convention & Exhibition (EBACE2026), 2027 European Business Aviation Convention & Exhibition (EBACE2027), Overview of Fractional Rule & Part 135 Changes, The New World of Subpart K Compared with Part 135. 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. 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. We can then help with all the sharing docs, financing, insurance, and training. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. 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. 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