Fractional Ownership By AOPA's Pilot Information Center Fractionals are co-ownership arrangements with a master interchange agreement between multiple aircraft co-ownerships that are signing a multi-year aircraft management agreement (including pilot service) with the company who sold them the aircraft. Operational hours per year are limited by the management agreement.
FAR Part 91 — GENERAL OPERATING AND FLIGHT RULES Subpart K — Fractional Ownership Operations This subpart prescribes rules, in addition to those prescribed in other subparts of this part, that apply to fractional owners and fractional ownership program managers governing (1) The provision of program management services in a fractional ownership program; (2) The operation of a fractional ownership program aircraft in a fractional ownership program; and (3) The operation of a program aircraft included in a fractional ownership program managed by an affiliate of the manager of the program to which the owner belongs.
Pilot Briefing: It Pays to Share: Small 'Fracs' See Growth By Nathan A. Ferguson AOPA Pilot, December 2003 Companies that offer shares of owner-flown aircraft are proceeding in a cautiously optimistic fashion, but since we last reported on this segment of the industry (see " A Piece of the Action," November 2002 Pilot), each company we spoke with has grown, and others have entered the market.
Pilot Counsel: Fractional aircraft ownership, Part 3 By John S. Yodice AOPA Pilot, December 2003 The Federal Aviation Administration has issued its final rules governing fractional ownership of aircraft. The federal aviation regulations contain a new subpart K to Part 91, which became effective just last month.
AOPA News Brief FAA's New Fractional Ownership Rules Generating Questions Oct. 7 — Pilots and aircraft owners have been contacting AOPA Aviation Services ever since the FAA issued its new fractional ownership rule (FAR Part 91, Subpart K) with questions about how much they'll be affected. The good news is not very much.
Regulatory Brief Fractional Ownership Final Rule The issue The Federal Aviation Administration (FAA) published its final rule establishing new regulations for Fractional Aircraft Ownership programs; the rule takes effect on November 17, 2003. A fractional ownership program is created by individuals and corporations that share ownership of aircraft that are scheduled and maintained by a management company, and furnished trained flight crews. According to the FAA, the number of fractional programs has increased in the last 16 years, and the agency felt the new regulations were needed to establish an "appropriate" regulatory environment for this type of ownership scenario.
Careers: A fractional future The scoop on flying 'condojets' By Wayne Phillips AOPA Flight Training, November 2003 When considering all of the big-league airline and corporate employers of pilots, the "fractionals" continue to offer a glimmer of hope to those who expect to make a good living flying an airplane.
A Piece of the Action: Logging Time with Owner-Pilot Shared Partnerships By Julie K. Boatman AOPA Pilot, November 2002 Discusses the benefits of owner-pilot shared ownership programs.
AOPA Letter Regarding Fractional Aircraft Ownership Programs November 16, 2001 REF: Docket No. FAA-2001-10047; Notice No. 01-08 Notice of Proposed Rulemaking (NPRM); Regulation of Fractional Aircraft Ownership Programs and On-Demand Operations The Aircraft Owners and Pilots Association (AOPA), representing the interests of over 375,000 pilots and aircraft owners, submits the following comments for the Federal Aviation Administration (FAA) rulemaking contained in Docket No. FAA-2001-10047.
Pilot Counsel: Fractional Ownership, Part 2 By John S. Yodice AOPA Pilot, October 2001 Continues the article on fractional ownership by discussing the FAA's concern about how to regulate fractional ownership programs.
Pilot Counsel: Fractional Ownership, Part 1 By John S. Yodice AOPA Pilot, September 2001 Traces the regulatory background against which current fractional aircraft ownership programs developed and how they exist today.
Turbine Pilot: Fractional Flying By Thomas A. Horne AOPA Pilot, December 1999 Article talks about NetJets pilots and the benefits of working for a fractional ownership company.
Aircraft Ownership: A Star is Born By Peter A. Bedell AOPA Pilot, May 1999 Overview of a new company that puts a twist on conventional fractional ownership programs.
Fractional Flying: More Owners, More Jets, More Jobs By Wayne Phillips AOPA Flight Training, November 1998 Executive Jets' NetJets remains the largest "fractional ownership" plan by far with more than 800 share owners, 132 planes flying, and close to 200 on order.
Turbine Pilot: A Piece of the Action By Thomas A. Horne AOPA Pilot, September 1997 Article offers an overview of selected fractional ownership companies.
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