This field is for validation purposes and should be left unchanged. The magic begins the moment you step onboard our aircraft. What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . . 1999 CESSNA CITATION JET For Fractional Ownership in San Diego, California at Controller.com. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. No worries or additional costs. FlightRules: IFR You've disabled cookies in your web browser. One Airplane. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. If you want to see how fractional aircraft options fit into the . Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. Part of Mathews solution, through the AAP business model, is to offer affordable and flexible shared ownership, where buyers can purchase a quarter, eighth, or even a sixteenth share in a brand new advanced light sport model. 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. We can then help with all the sharing docs, financing, insurance, and training. This is based on an hourly rate and your flight hours are billed monthly. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. 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. Co-Ownership Support, Legal Docs, help with insurance, financing etc. 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. We eliminate repositioning and empty leg fees for travelers that are able to plan travel ahead of time. Aircraft is always hangered. 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. What are the costs associated with fractional plane ownership? We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. Fractional ownership is basically a partnership with multiple buyers at the corporate level. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. For Commercial Pilots and Instructors, the SMA Network is designed to help provide you more income opportunities in the air (or on the ground) and be found by more owners and pilots in your area so you can Fly More. 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 our new Global Access Program, we unveil an industry first: dynamic pricing. 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. . Follow our press to stay current on all aviation media releases. The operating time for a fractional plane is usually based on 800 hours a year, in other words the operators expect the aircraft to be flying for 800 hours each year. + 1.877.356.5823 With fractional, there are minimum and maximum contract periods. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. 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. 1 opening available. How much does fractional aircraft ownership cost? 1/2 Fractional Ownership: Call For Availability. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. But is leasing right for you? Get paid and be a trusted source to help manage aircraft for owners. 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. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. 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 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. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. Do fractional aircraft ownership shares have residual resale value? More details to come! We understand that travel flexibility is vital to our owners. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. Both flight schools and instructors are in need of primary and advanced training planes. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. 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. Thank you. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. 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 frontier of travel where innovation meets aviation. Depending on your ownership level, you may use up to five aircraft in one day. What is the minimum fractional jet ownership share size? See More. Fractional Share Airplane in Tampa, FL. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. 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. I really liked the fact that I could ask for exactly who I wanted. With the SMA Network, your plane can earn you income while they fly and keep it maintained. Will my management fee increase as my hours purchased increases? $157,500 per share - Fractional Home. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. Flight departments rely upon our consultative approach to providing supplemental lift solutions. 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 do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. 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 . Get answers to frequently asked questions about fractional ownership. Gulfstream G650 Access Programs. 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. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. No, it is unlikely that you will have the same crew for each flight. Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . Will my fractional jet ownership share be subject to state sales tax and state use tax? 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. But if you fly a lot, these programs cost less per hour. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. However, SkyShareUSA has a program to offset repositioning charges for owners. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. See how companies of all sizes use aircraft to help their businesses succeed. What are the key considerations for fractional jet ownership? Am I A Good Fit? All the airplane, half the cost. 2013 Daher Kodiak 100 available for 50% co-ownership.Total Time: 1,200Engine Hours: 1,200Propeller Hours: 1,200PIA Managed Co-ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. The AAP model is said to represent hassle-free, turnkey . Is fractional jet ownership the same thing as a timeshare? See below how our pricing for a particular aircraft stacks up against major industry competitors. However, figuring out the true cost of flight hours can be tricky. Fractional Jet Ownership Unprecedented Access to Private Air Travel. It made the difference in my flying! 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