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Professionally Managed Shared Ownership

Professionally Managed Shared Ownership. Overview. What the heck is ‘Shared Ownership’? “Hasn’t that been around for a while?”. History. Co-ownership, Fractional ownership, Shared-ownership Shared Ownership is… Conceptually like Fractional Ownership No provision of Crew

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Professionally Managed Shared Ownership

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  1. Professionally Managed Shared Ownership 2005 FAA Aviation Forecast Conference

  2. Overview • What the heck is ‘Shared Ownership’? “Hasn’t that been around for a while?” 2005 FAA Aviation Forecast Conference

  3. History • Co-ownership, Fractional ownership, Shared-ownership • Shared Ownership is… • Conceptually like Fractional Ownership • No provision of Crew • “Owner Flown Fractional” • Not regulated under FAR 91K 2005 FAA Aviation Forecast Conference

  4. History (Cont.) • Isn’t this just a fancy flying club? • For profit • Smaller owner / aircraft ratio of 5 or 6:1 instead of 30 or 40:1 • Largest shared-ownership biz • New aircraft focus • Multi-location 2005 FAA Aviation Forecast Conference

  5. Industry Drivers • High relative cost of Aircraft Acquisition • Rapid increases in technology • Acceptance of “Sharing is OK” • Real Estate Time Shares • Jet Fractionals • Partnerships 2005 FAA Aviation Forecast Conference

  6. Concept Growth 2005 FAA Aviation Forecast Conference

  7. Future Growth 2005 FAA Aviation Forecast Conference

  8. Shared Ownership Benefits • Cost Predictability “Most of the time, there [the airplane] sits, a ticking time bomb waiting to detonate and vaporize what’s left of your checking account. Some years it requires only modest funds to support, other years it consumes a good portion of the kids’ college fund contributions.” Aviation Consumer, “Fractional Buy-Ins,” Volume 32, issue 6, June 2002 2005 FAA Aviation Forecast Conference

  9. Benefits (Cont.) • Enhanced Availability • National interchange • Local Fleet • Maximize the Aircraft, Minimize the Expense • Simplified Management • Financial (Tax) benefits of ownership with less downside risk. 2005 FAA Aviation Forecast Conference

  10. Industry Survey • Two large Shared Ownership providers • AirShares Elite, Inc. – Atlanta, GA • 9 Locations, 29 Aircraft • OurPlane, Inc. – London, Ontario • 11 locations, 19 Aircraft (est.) • Other Providers • 11 others (1-2 aircraft each) 2005 FAA Aviation Forecast Conference

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