SMA is creating The Destination to help Professional Pilots get more exposure and opportunities to fly and earn more. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. For career opportunities and questions, please go to our careers section. Enter a world of exceptional experiences designed to emulate whole aircraft ownership. Maximum term: 60 months - Minimum term: 30 months, Maximum term: 24 months - Minimum term: 25-hour deposit, Max. We understand that travel flexibility is vital to our owners. We have your aircraft ready for you today! The versatility of the Hawker Beechjet 400A and the Learjet 60 makes it possible to access more airports than most other programs, saving fuel, valuable drive time, and getting our aircraft owners closer to customers, important meetings, and family. See More. Partners in Aviation. 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. Flexjet pilots are truly dedicated to a specific tail number, so you fly with those you know and trust. Will my direct operating cost per hour increase as my hours purchased increases? 2001 and 2002 Cessna Citation 560 XL aircraft 1/3 ownership for sale in Fort Lauderdale, FL professionally managed, professionally flown, aircraft are on engine programs, aircraft will be operated . Although fractional aircraft ownership companies will always try to have you fly on the specific aircraft model you own, on some occasions it may be necessary to utilize a different model, one that either meets or exceeds the aircraft model type you currently own. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 212.0597. Fractional Jet Ownership Unprecedented Access to Private Air Travel. We couldnt be happier with the outcome., Lee and Tom are the dynamic duo you've been looking for. Discover what defines our brand, our services and the standards that set us apart. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. 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. Indulge your taste for the extraordinary, special occasions, regional dishes and local favorites. Read the overview of fractional aircraft ownership and get an idea of the structures and costs. Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility. Practical. Gulfstream G650 Access Programs. 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 leverage decades of instructional knowledge, as well as manufacturing expertise, for an unmatched training environment. info@floridaflightcenter.com. An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Our services team coordinates precise timing and routes, ensuring that every flight is hassle-free, even during peak travel days. 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. Repositioning fees of flight hours (the cost of returning a specific plane to its home base also known as Empty Leg Flights) can be a costly factor. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. 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. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. It was easy to request this. Depending on a number of factors, your shares can range anywhere from 50 hours to 400 hours of flight per year. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. 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. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control). The cuts are part of its previously announced . What documents do I need to sign when I purchase a fractional jet ownership share? For that you get 75 . Am I A Good Fit? The other common ownership fractions are: 1/8 = 100 hours 1/4 = 200 hours 1/2 = 400 hours As the exclusive fractional home of the Gulfstream G650, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft. You have access to an entire fleet of aircraft, from the efficient Phenom 300 to the ultra-long-range Gulfstream G650. Call today for a personal consultation with one of our private aviation experts. 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. KRDU - Raleigh-Durham International Airport N472DS 2013 DA40XLT. Do fractional aircraft ownership shares have residual resale value? Fractional owners also do not have to pay a deadhead cost that is, any costs incurred from positioning the aircraft to their departure point. An aircraft fractional ownership program is simply an expanded form of co-ownership of professionally managed private aircraft. Passionate about aviation since they were in their teens, Lee and Tom provide a unique combination of experience and a wealth of unparalleled knowledge while advocating for their clients interests. 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 maximum fractional jet ownership share size is 800 hours of flight time per year, which is roughly equivalent to ownership of the entire aircraft. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. 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. 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. 1/2 ownership.160hp GNC355 Full IFR. Half the Cost.Oppo. Fractional ownership is basically a partnership with multiple buyers at the corporate level. flyExclusive Fractional is the newest offering from flyExclusive, providing a unique and flexible approach to fractional ownership. Fractional Ownership or Group Timeshare in our program means ownership of an aircraft. 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. How many people do I typically travel with? If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G650 unlimited hours a day, 40 days per year. 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. Your shared monthly fixed costs cover all the expenses to fly and operate your jet. All staffing and maintenance are included, with all work performed in-house. When two or more peopletypically a multiple of 1/16share ownership of an aircraft, it's considered a fractional ownership agreement. Again, Essex Aviation encourages all prospective clients to seek tax counsel for more information. The average price per hour varies slightly depending on exact aircraft configuration and operating costs. REQUEST MORE INFORMATION. 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. A CirrusShare is ideal for anyone who flies 50 or more hours per year and wants the advantages of owning an aircraft. With SkyShareUSA, these fees can be completely ELIMINATED. 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. 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. 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