All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. The SMA Network can help you find a great plane and pair you up with other pilots that compliment your flying goals in your area! Naturally, when utilizing jets for more than 50 hours a year, SkyShare USA is an excellent solution. Total Time: 320.0. 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. Competent. 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. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. In these difficult economic times, many aircraft owners have been forced to re-evaluate the expense associated with sole ownership. The West Coast of Florida offers a tropical climate that makes it possible to fly all year round in beautiful blue skies . 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. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. Detach for a little R&R. Either way, our fleet gets you from Point A to Point B in the sharpest way possible. 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. 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. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. And after, we can help with scheduling, maintenance and even handle the money! 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. As you can easily see in this chart, SkyShareUSA is significantly less expensive than our competitors such as PlaneSense, AirShare, NetJets, FlexJet, & WheelsUp Jet Card. Other taxes and fees will depend on your traveling needs we have contract specialists on hand to answer any questions. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. All staffing and maintenance are included, with all work performed in-house. The 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. From co-ownership agreements, to scheduling and maintenance to even handling the money - let us help. No worries or additional costs. 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. Am I able to fly over my allotted hours for the year? With our new Global Access Program, we unveil an industry first: dynamic pricing. Fractional Jet Ownership Unprecedented Access to Private Air Travel. The Intelligent Choice in Private Aviation. There are, at present, two options when purchasing a fractional share. Financial Considerations: Is Fractional Ownership the Right Choice for You? Monthly maintenance fee: These will be charged to each. The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. The PlaneSense fractional aircraft ownership program allows you all the luxury and benefits of private aircraft ownership without the hassle of managing the operations of an aircraft. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. With operating costs from $699/hr. Quite possibly we have the solution that will not break the bank. 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. Asset purchase This upfront cost covers your share of the aircraft. This article gives an overview of the agreements and documents you will sign as a fractional owner. Pros: Jet aircraft are much cheaper when divided up into four, six or eight shares. 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. You're a power user moving through this website with super-human speed. Essex Aviation is not a brokerage firm and does not list aircraft for sale. 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. Every six months, our pilots are trained by highly qualified and experienced instructors, using advanced-technology flight simulators and integrated training systems to help ensure their proficiency and safety. All fractional operations will be in compliance with the new rule by the February 2005 deadline. Jet Aircraft Immediate Availability! Essex Aviation recommends that all prospective clients consult an aviation tax advisor and tax attorney prior to purchase. Will my fractional jet ownership share be subject to state sales tax and state use tax? The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet. This feature increases the availability to all owners. 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 are the nations largest buyer and seller of the jets that comprise our fractional jet fleet. April 30 - May 2, 2024. . Look no further than the Bombardier Challenger 350 and the Embraer Phenom 300. With straightforward terms, transparent costs, and unrivaled personal attention before, during, and after your purchase with us, we provide the most affordable, cost-effective fractional aircraft ownership program on the market. info@floridaflightcenter.com. Do I predominately fly for personal or business reasons? Informed. 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. If I purchase a fractional aircraft ownership share, am I considered an aircraft owner for tax purposes? Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . EBACE2017 will bring buyers and sellers together as Europes premier event dedicated to showcasing business aviation products and services. SkyShareUSA's Fractional Ownership Program titles a specific aircraft in your name. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. Fractional Share Airplane in Tampa, FL. Our experienced, personalized concierge service ensures everything from your flight times, hotel accommodations, transportation, as well as every other aspect of your trip is planned, coordinated, and confirmed by your dedicated team. As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements. Yes, your management fee will increase if you increase your size of share purchased. 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. With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Fractional ownership can start to make sense if you fly more than 50 hours a year. Most providers rotate their large fleet of aircraft and aircraft crews to meet the travel requirements of each fractional owner. Co-Ownership Support, Legal Docs, help with insurance, financing etc. For fractional share airplanes in Orlando, FL, browse our . 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. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. See how companies of all sizes use aircraft to help their businesses succeed. Welcome to the Intelligent Private Flying Solution. Contact SkyShare USA or your accountant to discuss tax deductions from our program. 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. . Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. We can then help with all the sharing docs, financing, insurance, and training. . See below how our pricing for a particular aircraft stacks up against major industry competitors. SkyShare USA was founded on the idea that jet ownership can be simple and affordable. Gulfstream G650 Access Programs. 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 Contact us today to become a fractional owner and lets start your journey. Leasing. Will my direct operating cost per hour increase as my hours purchased increases? Get answers to frequently asked questions about fractional ownership. 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. We are committed to protecting the privacy of our clients. Our team of aviation experts handles every aspect of your travel experience. Versatility Plus is an innovative Flexjet-exclusive that allows you to customize your annual flight hours to align with the actual number of flight hours you require each 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. Share sizes start at 50 annual flight hours and increase in 25-hour increments. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. 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