The move to fly fractional owners under Part 91k will mean SkyShare clients will not pay the 7.5% FET assessed for Part 135 flights.
Preowned fractional provider SkyShare will begin flying those customers under Part 91k regulations.
The shift will take place in Q1 of 2025.
Per the announcement:
SkyShare is also enhancing the value for its fractional owners by leveraging 91K regulations. Beginning this quarter, SkyShare will enable fractional owners to enjoy private flight services without the burden of federal excise tax (FET) on their shares. This initiative reflects SkyShare’s ongoing commitment to making private aviation more accessible and cost-effective, allowing clients to maximize their flying experiences while minimizing expenses.
The 7.5% FET is charged for domestic flights operated under Part 135.
Additionally, the company set flying and sales records in Q4 of 2024.
Founder and CEO Cory Bengtzen says, “We are thrilled to celebrate our record-breaking Q4 and the successful performance of our fractional programs.”
He adds, “Our commitment to providing accessible private aviation solutions continues to resonate with entrepreneurs and business leaders.”
Last year, SkyShare cut entry-level pricing by 41%.
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