Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. Aircraft For Fractional Ownership in FLORIDA 1 - 17 of 17 Listings. Request Information. Print Share. Aircraft is always hangered. 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. The transactions had several challenging issues that required expert counseling and negotiation. Contact us today to become a fractional owner and lets start your journey. 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. We understand that savvy travelers are always looking to make the smart business move and thats where we raise the bar. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. Additional information is available in this. 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. We understand that travel flexibility is vital to our owners. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. Size Rankings Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. We accept no commissions, referral fees or any other forms of compensation from any third parties. See how companies of all sizes use aircraft to help their businesses succeed. Will my management fee increase as my hours purchased increases? There are, at present, two options when purchasing a fractional share. FL 34243, United States +19413763500 +19542901357. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. Do I predominately fly for personal or business reasons? You've disabled cookies in your web browser. Thorough. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. 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. . Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. Number of Seats: 2. 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 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). The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. 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. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Stay connected for business. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. Please feel free to give us a call at 407-923-2336 to discuss what options are available. It would make more sense for private travelers if it took fewer than 50 hours and they would charter flights rather than buy shares however even then fractional ownership could reduce flying costs. 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. The magic begins the moment you step onboard our aircraft. 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. This is calculated as an hourly rate to cover two items: the fixed cost of maintenance also known as a monthly maintenance fee, and the fuel needed for the aircraft type. 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. What is the minimum fractional jet ownership share size? It was easy to request this. Download the rule as it appeared in the Federal Register (404 KB, PDF) Search NBAA's Products & Services Directory by selecting the "Fractional Share Providers" product category. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. The tax applies to the . The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. 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. Fractional ownership Once the client has selected a provider, Essex will provide ongoing representation during the review, including the negotiation of terms, final contracting and closing on the share. Why rent or lease, when you can fractionally own? It is dividing the use and expenses of an aircraft into smaller pieces. Depending on their needs, fractional jet owners may choose to reinvest in another by the hour term or upgrade at any time. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. As you were browsing something about your browser made us think you were a bot. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. Our team assists clients in comparing options based on their specific needs and desires, starting with a technical and financial analysis to ensure that the right aircraft and aviation utilization models are considered. Leave all the hassles and worries to us. . We are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. The industry generally believes fractional jet ownership is cost-efficient as long as your usage is at least 50 hours a year. And after, we can help with scheduling, maintenance and even handle the money! 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. Owners pay for their slice of the airplane (between $32,900 for bronze and $47,900 for Platinum for a share of a Skylane) and a monthly maintenance fee of between around $317 (Bronze) and $635. Competent. . Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. Potentially. The First Cost Basis is signing your purchase agreement for your Fractional Share of a particular type of aircraft. 1 opening available. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. We have your aircraft ready for you today! Co-ownership or Fractional programs typically have fewer financing choices than purely leased aircraft or full aircraft ownership. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. Tax and Financing Ramifications of Fractional Aircraft Ownership, Managing Aircraft Fractional Ownership Under FAR Part 91, Subpart K: Ten Reasons Not To Charter, Fractional Ownership: Understanding the Insurance, Operator and Management Company Responsibilities: Business Effects of Adoption of Part 91, Subpart K, Download the notice as it appeared in the Federal Register, Download the rule as it appeared in the Federal Register, Fractional Ownership Aviation Rulemaking Committee, Fractional Aircraft Ownership Grows As Added Programs Drive Value Perception, NBAAs Frequently Asked Questions About Fractional Ownership. What are the costs associated with fractional plane ownership? With SkyShareUSA, these fees can be completely ELIMINATED. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. But his concept is more than just an affordable buy-in. Fractional ownership provides a more efficient solution for frequent travel while eliminating the risks, restrictions, and responsibilities associated with whole aircraft ownership. Our share size is either 50 or 100 allotted hours of flying time annually, which provides you guaranteed access to your own private jet. Fractional ownership is basically a partnership with multiple buyers at the corporate level. We are committed to protecting the privacy of our clients. You enjoy all the benefits of your private jet, while we handle the rest! See below how our pricing for a particular aircraft stacks up against major industry competitors. 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. No, your direct operating cost per hour will remain the same even if you increase your size of share purchased. . You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. But is leasing right for you? Deprecated items of equipment or a charitable donation may qualify for a tax write-off. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. "Now, new Vision Jet owners can simply arrive and fly. Mon -- 9:00 am - 5.00 pm. The frontier of travel where innovation meets aviation. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. There are several key considerations that factor into fractional jet ownership. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types. Granting you the ability to "right-size" your jet to fit each trip. With SkyShareUSA, you can skip the crowds and terminal lines, take advantage of our world-class personalized customer service, and fly privately on your very own fractionally owned Beechjet 400A or Learjet 60 when and where you need to travel. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. 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 private jet charter, jet cards, or other fractional ownership programs and experience the benefits of jet ownership, without the headaches. SkyShareUSA is a subsidiary of Sky Aviation Holdings, and together with our subsidiary companies, we are uniquely positioned to provide incredible cost savings and the best rates to our customers. Call us now at 407-923-2336 to learn more about SkyShare USA. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Serial Number: 1DK245. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. After completing the CAPTCHA below, you will immediately regain access to the site again. We realize plans change, but experiences shouldnt. April 30 - May 2, 2024. . Your allocation of hours is dependent upon how much of the jet you own. More details to come! We can then help with all the sharing docs, financing, insurance, and training. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Services; Co-Ownership Vs. Partnership; . Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. 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. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. fractional aircraft ownership interest in Florida to $300 when the ownership interest is sold by the 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. With fractional ownership, you purchase a share of a specific aircraft type, which provides you with an annual amount of allotted flight hours. 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. Maybe. That slice of an SR22 pie costs $71,900, with a $760 monthly management fee and hourly operating cost, including the current fuel price adjustment, of around $90 per hour. Fractional aircraft share programs are long-lasting relationships. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. The newer days-per-year model enables owners to fly as many hours as they need per day with the only limitation being standard crew duty times. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Included is our guarantee to cover 100% of all maintenance. 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. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). 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.

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