aircraft fractional ownership near me

And owning your own Eclipse is certainly far less expensive than any charter or fractional ownership option you can find! You own an aircraft of any type, or are considering a purchase and need guidance during the buying process. Password. Compare all options for aircraft ownership, including Jet-Card, fractional and sole-ownership. Fractional jets or aircraft owners buy a “share” of an airplane, rather than an entire plane. Traditional share sizes are based on annual flight hours per contract, per year. This, of course, differs from the fractional ownership in that chartering is a one-off agreement with no long term financial commitments. Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. You're a power user moving through this website with super-human speed. With Pierce Aviation, this cost benefit for Eclipse owners multiplies due to our integrated system of service and support. 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. NetJets is the world’s largest private jet company, offering fractional aircraft ownership, private jet leases, and private jet card programs. Private aviation offers numerous benefits, but each service option comes with its pros and cons. The aircraft owners participating in the program agreed not only to share thei… Commercial programs for large aircraft include NetJets, Flexjet, PlaneSense, and AirSprint. This arrangement is a common feature of all fractional programs; so much so that you may rarely, if ever, actually fly on the aircraft in which you own a share. 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. Other programs offer share sizes based on annual days of utilization per contract year. Our comprehensive fleet gives you the flexibility to choose the perfect aircraft for any mission. Vision Jet. Although it is possible to exceed your yearly allocation by borrowing against the next year’s allotted hours, each fractional plane ownership company has different restrictions concerning this practice. Leasing. 877-467-3543 248-666-4300 NetJets was founded in 1964 as Executive Jet Aviation.It was the first private business jet charter and aircraft management company. Essentially, each owner agrees to share his plane with every other owner, thus enabling the provider to utilize the entire fleet to service all the owners. No, it is unlikely that you will have the same crew for each flight. $205,043 PURCHASE PRICE. The price is pro-rated from the market price of a full aircraft. 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. While there is wisdom in cutting costs through partnerships, the risk oftentimes outweighs the potential benefits. The two are vastly different. Experience the ultimate in private jet … FRACTIONAL SHARES FOR SALE: Featured. fractional ownership programs are new to business aviation); The CIT Group Predicts Continued Near-Term Growth for Business Aircraft in '98-'99, supra note 1, at 51 (CIT estimates 80% of fractional ownership participants are first-time aircraft buyers); SRI FRACTIONAL CONFERENCE, supra note 1, Fractional &Joint Ownership: 1999] Shares from as little as 1/16 of an aircraft, which offers approximately 50 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator. Fractional ownership units in luxury items generally enjoy an active resale market. 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. Fractional Shares. It’s pretty cool! The term of the timeshare agreement was 25 years. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. Each unit offered 50 one-week shares, with the remaining two … ). Once you near the end of your 25-hour block, you can purchase an additional card. 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 either a Phenom 300 or Phenom 100, the best light jets in private aviation. consult an aviation tax advisor and tax attorney, Whether a specific aircraft type meets the majority of their travel requirements, Whether they fly for business or personal reasons. Fractional ownership is a term used to describe shared ownership of an expensive asset. Owners then have guaranteed access, 50–400 hours annually depending on share size, to that plane with as little as four hours’ notice. The aircraft will be based in Antwerp, Belgium and will be operated by ASL Group, under its recently re-structured Blue Sky Club, launched in 2010 as an aircraft membership program. Flying more often keeps me safer. Mar 1, 2021 . You own an aircraft of any type, or are considering a purchase and need guidance during the buying process. Start flying today at a fraction of the cost vs whole aircraft ownership or aircraf... See More Details 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. 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. Yes, your management fee will increase if you increase your size of share purchased. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. Most fractional arrangements have an equitable system of shared use and expense set in place by an aircraft management agreement that details payment, costs, maintenance, scheduling, training, and more. 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. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours. Air Transportation. No, fractional ownership does not utilize the timeshare provisions as defined under FAR 91.501(c)1. A timeshare is a wet lease and includes crew, with limited reimbursement as specified in FAR 91.501(d) 1-10. This varies depending on the aircraft type and size of the share. MANAGED BY PLANESENSE. No. Read … Fractional Ownership . Fractional Aircraft Ownership Listings 1 through 5 of 5... Avantair, Inc - Clearwater, FL (PIE) - Exclusive fractional provider of the Piaggio Avanti P-180. The Personal Jet Defined. Secure the benefits of Fractional Ownership on an all-in cost per hour basis. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. From turbo-props to light jets and heavy jets, Essex Aviation can help identify the most suitable aircraft to meet any client’s specific personal or business travel requirements. At Essex, we work solely for our clients, offering unbiased and uncompromised advice. Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. I’ve also become a more knowledgeable and informed pilot and enjoy flying with my partners in the plane. The hours-per-year model is based on shares totaling 800 occupied hours per year sold for each aircraft. Corporate Solutions. 50 HOURS. The PlaneSense ® fractional program is an industry leader, offering access to thousands of airports, flexible plans to suit any flying profile, and prices that can be half the cost of other fractional ownership programs. Professional. I knew every repair made, every upgrade, every little nuance because I always fly the same plane and I fly more often. Aircraft for Sale, Fractional Aircraft For Sale and Fractional Jet Ownership for Detroit, Flint, Grand Rapids, Lansing, Michigan, with Private Jets for Rent, and FBO Services. Fractional ownership is one of the oldest methods of sharing aircraft ownership and is used commonly in the corporate environment and involving jet aircraft. Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The PlaneSense ® fractional ownership program is the most versatile private aviation solution in the industry, and the selection of aircraft that comprises the fleet reflects that, starting with the Pilatus PC-12 turboprop aircraft. There is a significant amount of paperwork involved when purchasing a fractional jet ownership share but the primary documents you’ll sign are a purchase agreement, a management agreement, an ownership agreement and a dry lease exchange agreement. Remember me. Take Flight Aviation have launched a brand new aircraft fractional ownership scheme. You willl receive the benefits of ownership at a fraction of the cost. Shares are typically sold in multiples of 1/16th. Although full aircraft ownership provides the greatest flexibility to a company and/or individual, if under-utilized, full ownership can be the most costly choice. When applied to aviation, fractional ownership usually involves a larger group of people than co-ownership and a more expensive aircraft, like a business jet or other high-performance airplane. These fees cover your ownership’s portion of the fixed costs, including maintenance, pilot’s salary, crew salaries, insurance, hangar fees and other administrative costs. Mar 1, 2021. But there are ways to reduce the financial burden of buying an airplane, such as entering into an agreement with others to share the cost.There are different ways this type of deal can play out, including co-ownership agreements, partnerships, cooperative and fractional ownership. What are the costs associated with fractional plane ownership? With the introduction of the Cirrus Vision Jet, ASL Group is now also introducing its new Fractional Ownership model and intends to further expand this new model with additional aircraft in the near future! Aircraft For Sale, Fractional Jet Ownership, FBO Services, MRO Services, Private Jets for Rent and Private Jet Air Charter Services in Detroit MI, Flint, Grand Rapids, Lansing, Michigan and Surrounding Areas.