The PlaneSense program offers the Pilatus PC-12 turboprop and Pilatus PC-24 jet, two of the most sought-after, advanced aircraft in the world. Fractional ownership is a convenient way to enjoy the benefits of private, recreational, and business aviation while minimizing the resulting high costs of whole aircraft ownership or charter. 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). Print Share. The majority of the cost of fractional ownership can be broken down into three main parts: Flexjet gives fractional Owners the option to fly on larger or smaller aircraft types when the need arises. What's more, the Flexjet fractional program even predicts the majority of costs for the duration of your contract. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. 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. Accomplish more during your corporate or personal travel with our onboard Wi-Fi system for talk and text. All staffing and maintenance are included, with all work performed in-house. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Unlock a new world of possibilities with a share in a brand-new Cessna Citation CJ3+. For Sale: Aircraft Possibly the cheapest airworthy aircraft on the market. With the SMA Network you can more easily find partners or renters that fit your comfort level and help you reduce your ownership or operating costs, or both. Services; Co-Ownership Vs. Partnership; . 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 magic begins the moment you step onboard our aircraft. We have your aircraft ready for you today! 1 opening available. What is the minimum fractional jet ownership share size? 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. We are committed to protecting the privacy of our clients. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. You've disabled JavaScript in your web browser. See how companies of all sizes use aircraft to help their businesses succeed. DiamondShare Opportunity. Included is our guarantee to cover 100% of all maintenance. Equity Fund, Shared Ownership. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. I was only looking to cover expenses, but I was surprised at the amount I got per hour for my Cirrus. I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. Florida Fractional Club puts a New Spin on the Concept. Download the rule as it appeared in the Federal Register (404 KB, PDF) As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. 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. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. As you were browsing something about your browser made us think you were a bot. Saint Charles, Illinois, USA. 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. As the length of your trip increases, the hourly rate decreases, providing an attractive solution for cross-country or international travel. WORKING HOURS. Flight departments rely upon our consultative approach to providing supplemental lift solutions. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. It was easy to request this. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. 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. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. A portion of a share purchase can be sold back to the provider at the end of the contract. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. What are the costs associated with fractional plane ownership? The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners. Do fractional aircraft ownership shares have residual resale value? This is because lenders have fewer opportunities to get full collateral interest on these loans. Aircraft listing and Share Liquidity. Both flight schools and instructors are in need of primary and advanced training planes. Your allocation of hours is dependent upon how much of the jet you own. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. 212.0597. 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. 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. If you want to see how fractional aircraft options fit into the . 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. 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. We utilize our own certified maintenance facilities and highly trained staff to keep our all services in-house, keeping our operating costs to a minimum. Candid. These extensive fees can double your monthly Direct Operating Costs with other companies. Generally, if you fly less than 50 hours per year, the benefits of fractional flying may be outweighed by the . fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the During the 1990s the growth of fractional ownership programs was substantial. Your allocation of hours is dependent upon how much of the jet you own. term of 30 months. Fractional aircraft share programs are long-lasting relationships. 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. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. It made the difference in my flying! $157,500 per share - Fractional Home. 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. Equity Residences: Beach Home - Marathon Key, Florida. Aircraft is always hangered. Vacation In Luxury Properties Investors vacation in this home and all Equity Residences homes Properties. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. However, SkyShareUSA has a program to offset repositioning charges for owners. Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more. 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. 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 . As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. It is dividing the use and expenses of an aircraft into smaller pieces. A typical one way trip for 5-8 people from Florida Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. 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. 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 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. Fractional jet ownership costs include the initial acquisition cost, monthly management fees and an hourly operating fee. Aircraft Location: South Florida, Florida, USA. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Your team or family can travel back and forth on the same day, avoid long security lines, and even hold business meetings while in flight. 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. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. This economically efficient option can provide significant savings. Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. Imagine the Fun you can have with this plane. 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. Financial Considerations: Is Fractional Ownership the Right Choice for You? With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Also, my friends who flew my plane, posted comments which helped a great deal as people viewing my listing got a sense of my plane (and me) before meeting me. While the billing process for fractional providers is well-defined, with fixed monthly management fees, along with invoices for variable costs based on hours flown during the prior month, we often provide routine statement monitoring and review on an as-requested basis. April 30 - May 2, 2024. . Will my direct operating cost per hour increase as my hours purchased increases? We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Request Information Flexjet Lease Components Flexjet offers a wide range of private travel options, including jet leasing. All the airplane, half the cost. With fractional, there are minimum and maximum contract periods. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. 24/7 access to your personal concierge, every day of the year, including weekends and holidays, because were there when you need us most. Consequently, SkyShareUSA has the lowest Fixed Monthly Fee in the industry. 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. The largest fractional operators, including operators of both jets and turboprops, are ranked and discussed below. Thank you. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. With our new Global Access Program, we unveil an industry first: dynamic pricing. If I purchase a share of a specific aircraft model, does that mean Ill only fly on that specific model? Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. Home Flight Department Administration Aircraft Operating & Ownership Options Fractional Ownership. 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. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. ShareMyAircraft is the internet's best resource to help you find a fractional share in Tampa, FL or throughout the country. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. Is fractional jet ownership the same thing as a timeshare? 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. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation. Stay connected for business. In fact, you may never fly in your own aircraft. You've disabled cookies in your web browser. One Airplane. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. There are, at present, two options when purchasing a fractional share. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. 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. We can then help with all the sharing docs, financing, insurance, and training. DiamondShare Availability. Number of Seats: 2. We realize plans change, but experiences shouldnt. Florida "My 'stretch goal' was the CJ3+, but it was difficult to justify based on my . Call us now at 407-923-2336 to learn more about SkyShare USA. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. Providing a unique and flexible approach to fractional ownership in San Diego, at... Equity Residences: Beach home - Marathon Key, Florida, USA to help their businesses succeed in which owners. 2 years Exceeds SDC2023 day of service Supports Local Womens Sanctuary of jets... 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Of 50 or more hours per year and wants the advantages of owning an into! Begins the moment you step onboard our aircraft a minimum of 50 or annual! Operators of both jets and turboprops, are ranked and discussed below to! Includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex.! Owners is not a new idea but SMA is making it easier to start ( or )... To a minimum of 50 or 100 annual flight hours for a duration of five years, and the! Includes a percentage of the contract 1 - 25 of 41 Listings NBAA maintenance Conference provides vital education and opportunities.
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