Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. Travel on your terms with the fractional jet ownership company operating throughout North America and the Caribbean Islands. Each day, we are guided by our core values of affordability, convenience, and safety, while providing best-in-class service and luxury. 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. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. For career opportunities and questions, please go to our careers section. 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. A preferred solution for supplemental options and/or avoiding upfront capital investment. + 1.877.356.5823 Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. . Think of them as your personal concierge. If youre interested in elevating your career to the next level, look no further than SDC2025. Thank you. Consequently, our Direct Operating Charges are the lowest you will find. What are the costs associated with fractional plane ownership? The SkyShare USA fractional jet fleet is comprised of the Beechjet 400a for light jets and the Learjet 60 for our mid-sized jets, we do not have any heavy jets at this time. We leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. 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. 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. Particularly, parties will divide an expensive asset into shares, thus allowing each owner to receive an interest in the asset for a fraction of the price. What documents do I need to sign when I purchase a fractional jet ownership share? SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. I really liked the fact that I could ask for exactly who I wanted. Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . Enter a world of exceptional experiences designed to emulate whole aircraft ownership. No worries or additional costs. Engine Maintenance Program: Other Lavatory: Yes Lavatory Configuration: Aft Compare Stay connected for business. 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 . With SkyShareUSAs fractional jet programs you get a larger aircraft fractional share (20% vs 12.5%) with a comparable or less fixed monthly expense and reduced direct operating cost which makes us the best deal on the market for fractional jet ownership! Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). Fractional Jet Ownership Unprecedented Access to Private Air Travel. Why rent or lease, when you can fractionally own? Fractional aircraft share programs are long-lasting relationships. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. 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. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Lee and Tom are key partners in all aspects of family office aviation matters., John Castrucci, Family Office Executive & Founder, I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. The smallest fraction is typically 1/16th equivalent to 50 flying hours per year. It was so easy to use - I loved making and posting a flyer. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions. Enhance your international business aviation operator skills at the 2024 International Operators Conference in Orlando, FL from April 15 to 18. This is based on an hourly rate and your flight hours are billed monthly. Browse a wide selection of new and used Aircraft for fractional ownership near you at Aviation Trader Australia, the leading aircraft marketplace in Australia / Asia & Pacific. You can compare it to a time-share whereby your share defines how many hours you can use a plane during the year. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. What is the length of commitment for fractional aircraft ownership? Deprecated items of equipment or a charitable donation may qualify for a tax write-off. 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. Your allocation of hours is dependent upon how much of the jet you own. Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years. Am I A Good Fit? Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. 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. Financial Considerations: Is Fractional Ownership the Right Choice for You? By using our facilities and our own Certified Technicians, we save millions of dollars over time, and we pass these savings on to our owners. This economically efficient option can provide significant savings. info@floridaflightcenter.com. Innovative Solutions Our modern fleet of luxury private jets and unique programs ensure the most luxurious, financially efficient, sustainable solution, every time. Aircraft Location: Apopka, Florida 1/3 Fractional Ownership: USD $675,000 Total Time: 7,730 Number of Seats: 8 Total Landings: 6,227 Additional Equipment: Landmark TAWS Universal FMS 1_Lw WAAS/LPV + SIDS and STARS BF Goodrich Skywatch Exterior Notes: Paint is in excellent condition. Designed for those who fly 50 or more hours per year, fractional ownership provides access to multiple cabin sizes equipped for a variety of needs and mission types. All fractional operations will be in compliance with the new rule by the February 2005 deadline. 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. 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. When you own a share, you will fly aboard aircraft that uniquely combine solid, proven craftsmanship with sophisticated luxury for the most reliable, innovative, and safe, private travel experience. Privacy Policy Private access to esteemed sporting, philanthropic, social, and educational events. With sufficient notice before the flight time of your trip, SkyShareUSA can eliminate these charges to fractional owners with no management fee or other costs involved. . At Essex, we work solely for our clients, offering unbiased and uncompromised advice. 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. With fractional aircraft ownership, you purchase a share of a specific aircraft type to be utilized for a defined number of annual allotted flight hours. We do all refurbishment and maintenance at our new 60,000 square ft. aircraft maintenance facilities in North Carolina. The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How frequently do my travel needs change? But what is fractional aircraft ownership? It was easy to request this. In some cases, the tax exemptions are customized to suit your interest and your tax situation. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. Please feel free to give us a call at 407-923-2336 to discuss what options are available. The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators. 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. There is no other jet card or fractional jet share solution that can match it. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. 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. 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. Youll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead. With SkyShareUSA, these fees can be completely ELIMINATED. 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. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. Contact us today to become a fractional owner and lets start your journey. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. 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