You are fully covered with our 100% guaranteed airframe and engine protection plans at a fixed hourly rate. Essex Aviation is not a brokerage firm and does not list aircraft for sale. Half the Cost.Oppo. I've often heard it said that if you fly between 50 and 400 hours per year, fractional ownership is the best way to go. You never need to worry about the many factors including hidden surprises that may arise with aircraft full ownership. It was so easy to use - I loved making and posting a flyer. Our planes are always maintained according to the Manufacturers Maintenance Schedules as well. 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. Privacy Policy Most people equate this to a timeshare. 2024 NBAA Maintenance Conference . You've disabled cookies in your web browser. Red Label lets you enjoy the best of whole ownership for a fraction of the cost thanks to crews dedicated to your tail number, interior designs from our LXi Cabin Collection, and much more. This ensures you are provided with flights, when and where you need them, highly trained pilots, safe and reliable aircraft, flexibility, and exceptional customer service at a competitive cost, saving you valuable time and money. 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. As the name suggests, with fractional jet ownership you own a percentage of a plane with a group of other people. For corporate or pleasure, our flight operations team will make sure your private aircraft is ready. . Tax Benefits are available from fractional jet ownership as depreciation deductions. Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles. This covers all expenses including insurance, crews salaries, aircraft maintenance, engine reserves, storage, cleaning, and more. 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 We provide high-net-worth individuals, corporations and family offices with the insight and expertise they need to confidently navigate the purchase or lease of a fractional share. Candid. 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. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers. 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. DiamondShare Availability. The user is allowed 75-100 hours of usage per calendar year. 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. Total hourly rate charge (THR) The THR is the rate you pay per hour flying, and includes the cost of fuel. flyExclusive Fractional gives owners the consistency and reliability of a large owned and operated fleet. 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. During the 1990s the growth of fractional ownership programs was substantial. . . The expertise of Essex allowed us to understand more fully our flight metrics, history, costs and how to match our future aviation needs with available options in a way that would not have been possible on our own., Throughout my career as a family office executive, Essex Aviation has been my go to aviation expert. 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. KEMT - San Gabriel Valley Airport 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. Maybe. A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Amid a backdrop of personal and business flight options in the form of aircraft timeshare, jet cards, jet membership programs, and aircraft charter or the high cost of whole aircraft ownership, the fractional aircraft ownership model is becoming increasingly popular with both leisure and business travelers. Clients considering fractional aircraft ownership often have different expectations and have varying needs. FL 33547 United States Telephone: . Should a client decide that fractional aircraft ownership isnt the right option for their situation, or should their needs change, there are a number of other private aviation options available that Essex can offer guidance on, such as: Most fractional share contracts are in place for three to five years. Wifi Information R Louis Zeitlin We assist clients through the entire fractional share purchase or lease process, starting with an initial evaluation and review of the available options. What are the benefits of fractional aircraft ownership? When you choose Sky Share USA, you are choosing the intelligent choice in private Air Travel. It was easy to request this. We realize plans change, but experiences shouldnt. [email protected]. Tax Cap - Fractional Aircraft Ownership Effective Date: July 1, 2010 Statute Reference: Sections 212.02(34), 212.08(7)(hhh), and 212.0597, F.S. Compare. 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. Turnkey Jet Ownership* Direct Access on Your Schedule* Predictable Operating Costs* Life at Jet Speed Aircraft; Videos; FAQ; Opportunities; Map; Sign in; Request Information . Do I predominately fly for personal or business reasons? Typically, fractional programs require a minimum share size of 50 hours of flight time per year to acquire a share. Successful Partnerships are a function of finding the right partners and setting expectations on the front-end. With the industry's most innovative model, the jet is yours for the day, not the hour, giving you the ability to visit multiple locations in a single day. Aircraft for Fractional Ownership; Aircraft for Sale; Aircraft Appraisal; . Similarly, the Eclipse is available at a 25-hour "Jet Card" rate for $40,000, or two partial-ownership programs offering 50 days per . 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. We represent our clients with the selected fractional provider during the analysis, negotiations, final contracting with the selected fractional provider and delivery of the share. Aircraft For Fractional Ownership 1 - 25 of 65 Listings. Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference. This means you can fly short routes (under one hour) and only be charged for the actual flight time involved with your trip. Another benefit of fractional shares for luxury travel is exclusive access to a fleet of luxury jets. Skyshare USA utilizes the most efficient luxurious and reliable aircraft for our fleet of jets. You are also able to convert unused hours to rollover hours up to 20% of your yearly allotment. "VisionAir is the latest innovation as we continue to define personal aviation," said Nielsen. Will my fractional jet ownership share be subject to state sales tax and state use tax? 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. After your aircraft share purchase, there are two bills: one monthly fee for fixed monthly expenses, and second for the number of hours you fly. $7,500 FORANE , Sep 25, 2022 Replies: 2 Views: 955 Dana Oct 8, 2022 For Sale: Aircraft 1972 Bellanca Super Viking (300hp) ($85k) bradg33 , Oct 3, 2022 Replies: 7 Views: 794 Arnold Oct 6, 2022 Wanted: Partnership Seeking Sacramento area partnership juansg , Jan 20, 2020 Yes, as a fractional owner, you are considered an aircraft owner for tax purposes. . You're a power user moving through this website with super-human speed. Thank you. Every pilot is type-rated in their assigned aircraft. With our fleet's wide range of features, comfort is never an issue no matter which aircraft you choose. EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation. NBAAs First Regional Forum in 2 Years Exceeds SDC2023 Day of Service Supports Local Womens Sanctuary. Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. 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. AND. The fractional aircraft operators in North America flew over 833,000 hours in 2022. The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance from technicians to directors of maintenance. Serial Number: 1DK245. Let us help you reduce the expense of ownership! Jet Aircraft Immediate Availability! Contact SkyShare USA or your accountant to discuss tax deductions from our program. Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. My plane is complex, so it was important for me to have someone with minimum time in my type and an instrument rating. In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million. All aircraft, maintenance, pilots, owner services and operations are in-house, not subcontracted. SMA Strategies can walk you through best practice on agreements, scheduling and even handling the money so your rental partnership will work seamlessly. With Flexjet, you receive two short-leg waivers annually for every 50-hour share you own. 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. Managing Aircraft for owners is not a new idea but SMA is making it easier to start (or expand) your Management business. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. 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! 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 Additional information is available in this. 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. Fractional Jet Ownership Unprecedented Access to Private Air Travel. 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. SkyShareUSAs program is simple, efficient, and transparent. The transactions had several challenging issues that required expert counseling and negotiation. What is expanded, as compared to co-ownership of one plane by more than one person, is the number of planes being managed, and the right of a fractional owner of one airplane or jet to use another aircraft owned by others in the . We accept no commissions, referral fees or any other forms of compensation from any third parties. More details to come! An initial, one-time purchase allows for access to a minimum of 50 or 100 annual flight hours for a duration of five years. Uniquely, our fractional program is the only program that offers unlimited hours, unlimited days and a revenue share. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. Clients interested in fractional aircraft ownership have a wide variety of aircraft types to choose from. You're a power user moving through this website with super-human speed. The SMA Network is designed to help you Fly More. 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. The SMA Network can help you find the perfect fractional situation where you can enjoy all the benefits of true plane ownership, but without the full costs associated with owning and maintaining a plane alone! Call Listing Broker Scott MacDonald Toll Free8882804900 . With the SMA Network you can find the perfect pilot (up to 4 without changing your insurance) to rent your plane hourly. Knowledgeable. The SMA Network makes it easier for pilots in need to find you for their Transition, Recurrent or Primary Training. The Flexjet approach to safety and security reflect our adherence to our highest mission priority: your absolute well-being. 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. Private jet fractional ownership provides access to multiple cabin sizes, while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. Understanding the pros and cons of each model and how it fits into your travel needs is an essential part of any fractional program analysis. You will pay the following fees: Initial purchase. 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