Fractional Ownership
1. What is Fractional Ownership?
2. What is the FAA's current position on Fractional Ownership?
3. Why utilize Fractional Ownership?
4. Is Truth-In-Leasing applicable to any of the agreements?
5. Have you considered state tax implications?
6. To which charges is the Federal Excise Tax applicable?
7. Which party has operational control?
8. Do you know what the FAA and or your insurance policy says about entities with a primary business purpose to own and a operate an aircraft solely to provide flights to another individual or company? FAA Chief Counsel Opinion
9. Can aircraft or all sizes engage in fractional ownership?
10. Can helicopters engage in fractional ownership?
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Fractional Ownership
