Aircraft Ownership Options

Aircraft Dry Leasing

Leasing an aircraft can be an alternative to outright purchase for a variety of reasons ranging from practicality to cash flow. There are a wide variety of leasing options available, each with specific advantages and disadvantages. In general terms, a lease is a transfer of an aircraft without transfer of title. The owner of the aircraft, or lessor, retains legal title to the aircraft.

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Full and Co-Ownership

As implied, an individual or business owns 100% percent of an aircraft. Full ownership allows the greatest level of flexibility and control over all factors relating to transportation. The aircraft owner is responsible for the level of safety, security, comfort, and cost of business travel. Aircraft operations can be managed by an in-house flight department or outsourced to an aircraft management company such as FlyMax Aircraft, LLC.

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Joint Aircraft Ownership

Joint ownership is defined in 14 CFR §91.501(c)(1) of the Federal Aviation Regulations (FARs) as an “arrangement whereby one of the registered joint owners of an airplane employs and furnishes the flight crew for that airplane and each of the registered joint owners pays a share of the charge specified in the agreement.

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Fractional Aircraft Ownership

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. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company.

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Aircraft Charter (Part 135)

Safety, security convenience and productivity are key reasons why individuals and companies choose on-demand air travel for personal and business travel. Air charter flights operate on the passenger’s schedule, allowing considerable flexibility. With the ability to fly in and out of more than 5,000 public use airports in the United States.

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