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 . With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. 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. Other programs offer share sizes based on annual days of utilization per contract year. Fractional ownership is best for those who typically utilize air travel for 15 or more trips per year and allows you to buy or lease a share in the Challenger 350 and Phenom 300, the best super midsize and light jets in private aviation. This is because lenders have fewer opportunities to get full collateral interest on these loans. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. 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. You will pay the following fees: Initial purchase. Serial Number: 1DK245. Asset purchase - this upfront cost covers your share of the aircraft. For those new to private aviation, or those simply looking to make a change, the initial evaluation of the various private aircraft programs is an important step made easier by working with Essex Aviation. If you want to see how fractional aircraft options fit into the . PlaneSense, Inc. has been a leader in world class fractional aircraft ownership since 1995. Have breakfast in the mountains. Get paid and be a trusted source to help manage aircraft for owners. Fractional ownership can start to make sense if you fly more than 50 hours a year. 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. Total Time: 0. Flights, catering, rental cars, hotels and even suggestions on restaurants and things to do at your final destination are just some of our services. 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. Our comprehensive combination of aircraft volume purchasing, sales, maintenance, and refurbishment including avionics, interiors, and exteriors under one roof allows us to provide Fractional Ownership at a fraction of the cost of other fractional providers and jetcard programs. You must use one aircraft for all missions, with no simultaneous use option or ability to upgrade or downgrade. How much does fractional aircraft ownership cost? Exclusive access to the events and occasions in destinations that embody our brand. With fractional, your upfront capital deployment is much smaller while your annual operating are significantly lower. 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. 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. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 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. If youre interested in elevating your career to the next level, look no further than SDC2025. DiamondShare Opportunity. Your allocation of hours is dependent upon how much of the jet you own. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year. Your allocation of hours is dependent upon how much of the jet you own. Why spend millions when you can have the performance and comfort at a fraction of the price. We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. Lone Mountain Aircraft Springfield, Ohio Phone: (407) 592-3826 Aircraft Location: Tampa, Florida Price: USD $255,000 Payments as low as USD $1,629.45 / monthly* Email Seller Video Chat Operating Costs Apply for Financing Premium Listing View Details 39 Save Updated: Friday, February 24, 2023 12:10 AM Compare 2019 CIRRUS SR22-G6 TURBO Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. By submitting the form, you consent to such processing. Obsessive attention to detail ensures efficient and accurate logistics with around the clock service. Whether its your Fixed or Operating Expenses, see how SMA can help make flying your plane more affordable. Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Leasing. Am I able to fly over my allotted hours for the year? Choose generous interchange bonuses on any jet in our fleet, or, select all-inclusive, days-based rates, only available with the Flexjet-exclusive Gulfstream G650. The latest news from the world of private aviation. If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. 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. Phenom 300 Praetor 500 Challenger 350 Gulfstream G450 Gulfstream G650. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, PlaneSense, and AirSprint.Alternatively, owners can join together to purchase their own aircraft, independently of a larger management company. Aircraft is always hangered. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Jet Aircraft For Fractional Ownership 1 - 25 of 41 Listings. I was never once disappointed. Below youll find just a few of the benefits of purchasing a Flexjet fractional share. SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. PIPER CHEROKEE $33,000 FRACTIONAL OWNERSHIP OFFERED 1969 PA28-140. Yes, your management fee will increase if you increase your size of share purchased. 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. This includes, but is not limited to aircraft monthly management fee, pilot salaries, crew, aircraft insurance, hangar, cabin support, administrative fees, and crew training. The tax applies to the . What is the minimum fractional jet ownership share size? Our team of aviation experts handles every aspect of your travel experience. Partners in Aviation provides an innovative approach to private jet and fractional jet ownership by matching airplane owners and aircrafts for co-ownership. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Thorough. Essex Aviation recommends that prospective fractional jet ownership clients consider the following before making a decision: There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model. These extensive fees can double your monthly Direct Operating Costs with other companies. Your contract will include a set number of overnights with no daily minimums for the overnights you select. For fractional share airplanes in Orlando, FL, browse our . Partners in Aviation. Will I have the same crew for each flight? All the airplane, half the cost. You've disabled JavaScript in your web browser. But much like Fractional Ownership, you enjoy access to our entire closed fleet through our unique interchange program. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. Privacy Policy Most costs are fixed, and owners may use depreciation deductions applicable to a capital asset. . Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. 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. Knowledgeable. The FAAs 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). 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. 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 The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. 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 are the costs associated with fractional plane ownership? The average price per hour varies slightly depending on exact aircraft configuration and operating costs. Plus, all legal liabilities, maintenance, pilot training, and positioning fees are your responsibility. Up to date maintenance and is always kept in a hangar when not in use. With SkyShareUSA, these fees can be completely ELIMINATED. Financial Considerations: Is Fractional Ownership the Right Choice for You? Informed. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. Compare. Let us help you reduce the expense of ownership! This was an increase of more than 7% compared to 2021, and up about 65% compared to the reduced pandemic levels in 2020. Our fleet is maintained to our impeccable standards, guaranteeing fractional owners satisfaction when flying on any of SkyShareUSAs aircraft. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. 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 private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. Our team will assist you with filing initial Legal, Insurance, and Financing applications for an inclusive fee in addition to our yearly membership plan. Fractional Aircraft Ownership, a share is contractually-defined and allows an undivided interest of a . We understand that travel flexibility is vital to our owners. 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. 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. Call us now at 407-923-2336 to learn more about SkyShare USA. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. 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. This feature increases the availability to all owners. There are several key considerations that factor into fractional jet ownership. As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. 1st bar = Cost Per 100 hours x 5 years2nd Bar = Fixed monthly expenses3rd Bar = Direct operating costs4th Bar = Ownership percentage. Gulfstream G650 Access Programs. 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. One of the main motivators for a fractional purchase is the ability to share the . A solid plan makes it easier to navigate todays uncertain world and when priorities change or a crisis happens, a well-crafted plan will help keep the team on track. Call today for a personal consultation with one of our private aviation experts. Additional information is available in this. It is dividing the use and expenses of an aircraft into smaller pieces. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. There is no other jet card or fractional jet share solution that can match it. With our new Global Access Program, we unveil an industry first: dynamic pricing. Every detail is managed, from gourmet food and beverages of your choice to premium amenity options. Allotted hours for the year 5 years2nd Bar = cost per 100 hours 5. 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