. A beautiful Aircraft. Deprecated items of equipment or a charitable donation may qualify for a tax write-off. Each level of ownership entitles includes a percentage of the 800 flight hours available per year on each aircraft. Availability is guaranteed, monthly management costs and occupied hourly rates are guaranteed, and the liquidity of your investment is sometimes guaranteed. But if you want to avoid those responsibilities and enjoy many of the benefits of full ownership, fractional is the only real choice. Understanding the Advantages of Fractional Jet Ownership. . The cost of fractional jet ownership is lower with low utilization. The company began with a fleet of just 3 Socata TBM turboprops, but in 2003 they took ownership of their first Pilatus PC-12. Tax Benefits are available for fractional aircraft owners from fractional jet ownership. You may own a portion of one tail number, but that ownership allows you access to most, if not all, of the aircraft within the fractional fleet. read more. Fractional private aircraft ownership provides many of the benefits of full aircraft ownership with few of the hassles. The business expenses attributable to the operation of the aircraft could also be deductible. Of the three types of private jet share presented in article fractional jet ownership vs. charter vs. jet card private jet chartering requires the least commitment, both in terms of time and expense. It provides an allotment of occupied hours of fractional aircraft use per year plus the nominal amount of taxi time. Scottsdale, Arizona-based AirSprint Private Aviation offers its clients the benefits of the Pilatus PC-12 through its fractional aircraft ownership program. Fractional Ownership Costs. Benefits of Whole Aircraft Ownership at a Fraction of the Cost Acquisition Cost Acquisition cost is based on the size of the share and aircraft type and is directly proportional to the number of hours you typically fly in a year. Wouldn't it be nice to have access to a private jet for either business or personal travel?. Overall, fractional ownerships come with more headache and cost more money than just using . Benefits & Advantages of Fractional Aircraft Ownership | PlaneSense, Inc. If you don't want to be concerned with overseeing a flight department, buying fuel, hiring pilots or maintaining an aircraft, you can opt for charter, jet cards or a fractional share. Offered in 1/8 incrementsor 100 hours per year, this program caters to businesses and individuals . Understanding the main benefits of private jet ownership such as access, safety, and luxury provides users with the ability to make that choice easy. Fractional private jet ownership cost benefits are attractive: You and other co-owners share the storage, maintenance, and related operating expenses, but depreciation tax deductions are the most noteworthy fractional ownership benefit. Having a one-motor aircraft are often very expensive. What is a share? This is a great option for people who fly relatively frequently, between 100-200 hours per year. Fractional aircraft ownership programs usually last for periods between 2 and 5 years. The rule of thumb is that Fractional Ownership is best if you fly 50 - 400 hours per year, but there are a number of instances where this is not the case. Jet ownership can and should be a satisfying experience. Jetfly Company Brief. In addition, our program allows . Fractional Aircraft Ownership Packages. However, figuring out the true cost of flight hours can be tricky. The owner pays up-front for a certain amount of hours they can spend flying each year. Unlimited Access Private jet ownership's main benefit is access. Shared ownership is an ideal solution for those individuals or businesses that need an aircraft for a somewhat limited amount of timenot enough to justify the full cost of ownershipbut enough to need more agile flight services than what commercial or private charter services can provide. Fractional ownership provides you with more freedom than a jet card. At Flexjet we provide shared ownership of our premium fleet of the latest private jet aircraft, which in North America includes the Embraer Phenom 300, Legacy 450 and Praetor 500, the Bombardier Challenger 350, the Gulfstream G450 and G650. Fractional aircraft ownership programs usually last for periods between 2 and 5 years. Phone: (208) 697-3940. Fractional ownership is a form of corporate aircraft ownership that involves purchasing a share, typically a multiple of 1/16th of the aircraft for sale. Fractional ownership (or shared ownership) can be a great way to enjoy the benefits of owning your own aircraft without the significant overhead or ongoing costs of being the sole owner. Fractional ownership lets you get the home you want in the most desirable location at the price you can afford. More flexibility for changes in hours, days, number of flights or aircraft desired. Below, we will explore the flexibility and cost savings potential of chartering a private jet over fractional jet ownership. Load More. Traditional aircraft ownership can be very inflexible, as you are locked into one type of plane and one flying schedule. The basic concept - have several unrelated parties share in the cost of maintaining a jet full time for a single fractional owner's small amount of use. Flexibility in scheduling and destinations Flying each trip with the same pilots Complete control to customize the aircraft Ability to leave personal items on the plane Another added benefit of fractional ownership is that you buy into a fleet. The Advantages of Fractional Ownership are: You get to use the same make & model airplane you have ownership interests in, most of the time using the exact same airplane. Itemized deductions are often looked at to reduce your taxable income while CPAs are preparing your taxes. Serial Number TE-557. AirSprint Inc., a Canadian authority in Fractional Jet Ownership, has published a new white paper, 'Fractional Jet Ownership Explained: An informative guide for achieving your dream of personalized private aircraft travel'.The paper takes a deep dive into the AirSprint Fractional Jet Ownership model: what it is, how it works, who is the 'ideal' customer, what it costs and an overview of the . Richard Santulli developed a mathematical model that gives clients the benefits of jet ownership without all the costs. In the fractional model, the fractional company sells shares in multiple aircraft to various buyers. Companies sell shares in their aircraft, then handle the operational and maintenance demands. Available tax benefits, including bonus depreciation ; Facilitation and assistance with financing, accounting, and aviation law from our team of industry . Learn about the safest investment and smartest solution for aircraft ownership. It was expected that the participant in the fractional program (the "interest owner") would be entitled to the same tax benefits as any other aircraft owner operating under Part 91. Convenience: One of the most significant advantages of fractional plane ownership is convenience. With the fractional program, you have access to more days and our fleet of Challenger 350 and Phenom 300 aircraft. Fractional jet ownership benefits. For only $60,000 members enjoy ownership benefits of jets, turbo props, and piston twin aircraft. Apply for Financing. They are seeing a very encouraging spike in demand for aircraft shares as more individuals and families are opting to seek the benefits of private aviation as their vehicle of choice for safe, reliable travel. Reduced flying costs: Fractional jet ownership provides owners with the comfort, convenience, and time-savings of flying private without as many expenses related to owning a full jet. Fractional aircraft ownership is a consideration for those who fly between 50 and 400 hours per year in private jets. These changes started at the end of 2021, so 2022 would be your last chance to take advantage of the 100% bonus depreciation for jet purchases. Fractional Aircraft Ownership That Makes Sense Affordable Private Flying, Unparalleled Reliability The PlaneSense Program Gets You Closer to Your Western Destinations PlaneSense, Inc. is proud to offer customizable private flight solutions for travelers in the Western U.S. One of the biggest benefits of fractional ownership is the increased flexibility and convenience it offers. View Details. Our Fractional Fleet. Other advantages include tax benefits, such as depreciation. This amount is later taxed, as recapture of depreciation, when you sell the jet. Flexibility One of the biggest benefits of charter over fractional ownership is the sheer flexibility that charter offers. Benefits of fractional jet ownership If you fly a lot - at least 50+ hours per year - fractional jet ownership could be the most cost-effective private aviation solution for you. When Richard Santulli introduced fractional aircraft ownership with the . Benefits of Fractional Aircraft Ownership. Skip to main content. The. For aircraft placed in service in the 1st quarter of next year (2011) this would allow an additional allowance of $195,000.00, for a total deduction in the first year of service of $1,220,000.00. Lowest cost for flyers of 50-500 hours per year. "A fractional ownership plan may also include the use of other aircraft operated by the company as a fleet. With a partial ownership program, you don't have to worry about the hassles of hangar and maintenance fees or upkeep. Our Newly Featured Fractional Jet - 1982 Gulfstream G3, Eight (8) Passenger, New Luxurious Interior, with a maximum range of 4200 miles and a maximum speed of 576 mph. Beautiful and well-maintained King Air B200 seeking a second partner to split the ownership and cost of maintaining the aircraft. Here is an important excerpt from the article: "Fractional ownership has been a useful corporate business tool for more than 20 years.. fractional ownership offers the flexibility, convenience, privacy and tax- and time-saving benefits of whole aircraft ownership, without the attendant capital expense or management responsibilities. Fractional ownership is an overall concept utilizing (1) shared ownership, (2) exchange of dry leases, which allows the exchange of aircraft between owners, and (3) use of a management company. Fractional ownership grants guaranteed access to a private aircraft based upon the number of flight hours purchased. While you own - or lease - a specific aircraft tail number, you have access to your provider's entire fleet. With fractional jet ownership, you may never fly on your actual aircraft, you never see the same pilots, and you don't have a customer service team to assist you with any of your flight needs. Reports state that depreciation is an expense taken over time to recover the cost of investments in long-lived assets. A serious advantages is the fact that fractional aircraft managers may still take pleasure in the benefits of entire ownership without having the headache. This control can be maintained by a company flight department or a management company. No matter your destination or what type of aircraft you are travelling on, there is no room for error in aviation. The PC-12 soon became a key part of their fleet, comprising half of their . Fractional ownership allows you to purchase equity in a specific aircraft. Fractional ownership provides almost all the same tax advantages as full aircraft ownership, minus the burdens of hiring a crew and arranging maintenance and storage, among other things. When using strictly charter companies, you pay by the hour instead of paying for all of the fees that come along with your contract. You can use depreciation on qualified asset purchases like aircraft and charitable donations as a tax write off. It is essentially the purchase of a "fraction" of an aircraft from a company which owns, manages and operates the plane. Since it was founded in 2000, AirSprint has prioritized safety as the single most important pillar supporting the entire company. Not everyone can afford to own jets outright, so fractional ownership is the best option for many buyers. In some cases, the tax exemptions are customized to suit your interest and your tax situation. These fractional ownership packages for aircraft are growing in popularity. As a Fractional Owner, you can book your travel with a 10-hour response time. For those with the right travel profile, Fractional Ownership provides several benefits over ad hoc business jet charter, jet card solutions, and even whole aircraft ownership. Shares are typically based on 800 hours of flying time. Advantages of aircraft ownership include flexibility and control over all factors relating to transportation, including safety, security, comfort, timeliness and cost of business travel. Share sizes range from 1/16th (50 hours) to 1/2 (400 hours), with no limit on the number of shares one may own. For example, a 1/16 share (50 hours) in the Phenom 300 Platinum Edition jet will cost you $550,000. Fractional Jet Ownership Benefits. Your allocation of hours is dependent upon how much of the jet you own. Our fractional fleet consists of the Phenom 300 and Challenger 350. It is a mix of buying a plane and commercial flying, so fractional aircraft ownership can offer many benefits. Flexible availability: Fractional ownership will give you the freedom of hopping on a jet with little to no planning since multiple aircraft will be at your disposal. As a fractional jet owner, you won't have to pay for an entire jet, and you'll avoid paying the full costs associated with a jet's services, maintenance, and crews. While there are many benefits to Fractional Jet Ownership, the most important is safety. Aircraft For Fractional Ownership 1 - 25 of 86 Listings. When your mission calls for a different cabin type than your fractional purchase, you can utilize the Flight Options' Aircraft Interchange Program to migrate up or down our fleet line. You don't need to worry about management issues, like maintenance, inspections, permits, pilot training, hangaring, refueling, insurance and . Your allocation of hours is calculated based on how much of the jet you own. And thus, fractional aircraft ownership's moment has arrived. This may not work with how you or your business uses the aircraft. It is managed, and will continue to be managed, by Jetstream Aviation. FRACTIONAL programs were designed to allow the program aircraft to be operated under Part 91 of the Fed-eral Aviation Regulations (the FARs). These packages enable you to buy flight time on a private plane that you can share with other owners. Apart from the freedom of flight, there are many additional benefits to owning outright your own jet or turboprop aircraft. Management Fee Benefits of Fractional Jet Ownership There are many benefits to entering into a fractional jet ownership agreement over buying your own jet. With staggering growth comes some inevitable pains that need to be . There have been many controversies around the subject of fractional jet ownership. One of the main advantages of the fractional program is the flexibility the Challenger 350 brings. But what does private jet fractional ownership entail? Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, PlaneSense, and AirSprint.Alternatively, owners can join together to purchase their own aircraft, independently of a larger management company. Fractional providers offer a total travel solution that allows an owner to trade up to a larger jet for longer range missions or when more people are aboard. The numerous benefits of fractional ownership are not limited to the incredible speed, affordability, reliability, and convenience of owning a share in one jet while leveraging a fleet. To discover more about our programs, contact our team via our website or call us at 866-473-0025. Registration # N973LB. You can enjoy the private jet experience without the stress of owning a whole aircraft. No contracts or time commitments. High/Low/Average 1 . Unprecedented Access to Private Air Travel. The introduction of fractional jet ownership in the 1986 was a watershed moment, bringing the guaranteed availability of a private jet to a much larger audience. If you only need to fly 50 hours a year, you ultimately end up paying less. In this way, fractional ownership guarantees the shareowner access to an entire fleet of . With a jet card, you can use the Phenom 300. The jet depreciates in value at an accelerated rate for the first five years of ownership, between 10 and 30 percent per year. Because liquidity of your investment is a key benefit of fractional aircraft ownership, it's important that your fractional program manager has a long, stable track record in the industry. More cost effective per hour than fractional ownership Depreciation benefits Less flexible Finding a responsible partner Aircraft availability Chartering You contract for services on a trip-by-trip basis or use the services of a charter broker Can be scaled to the specific trip needs Flexible Cost effective Less liability Most fractional providers can. The average cost per 300 hours of a fractional ownership is about $1.2 million more than just doing regular jet charters. You can purchase a share of the property for a small amount and add more as your available funds increase. 800-462-7709. . Perhaps a $4M home is out of reach, but $1M is right in your wheelhouse. Only pay for the hours you use. That's right, getting fractional aircraft ownership as part of a tax benefits strategy. Discover the unmatched benefits of fractional jet ownership with NetJets. An LLC can provide unique benefits to aircraft co . 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