Private flight provider SkyShare introduced a new SFX-12 program for its fractional ownership clients, offering reduced rates for Pilatus PC-12 single-turboprop aircraft.
Under the program announced on Tuesday at the NBAA-BACE show, owners can start with a 1/16 share priced at $220,000, which SkyShare said is 41% below its previous entry-level price point. The Salt Lake City-based group is seeking to attract newcomers to fractional ownership who have been deterred by costs.
Moving up through its product offerings, SkyShare also has the intermediary SFX-Jet program, which provides shared use of aircraft including the Cessna Citation CJ2 and Excel, as well as the super-midsized Gulfstream G200 model. Owners can opt to use smaller aircraft at lower hourly rates, including the PC-12 now offered through the SFX-12 program
Earlier this year, SkyShare launched the SFX+ program, which adds the Gulfstream G450 into the mix, as well as gives access to its entire fleet. The company said its day-based ownership model makes it easier for users to predict total costs and manage their travel budgets.
“We are thrilled to debut our SFX-12 program here at NBAA-BACE,” said Cory Bengtzen, founder and CEO of SkyShare. “When we launched our SFX+ program back in April, we knew we were revolutionizing private flight. However, we realized we were only scratching the surface of our goal to make private flight more accessible.”
Almost half of the flights operated by SkyShare are now with PC-12s, and it has reported already seeing a growing demand for this lower-cost option. Flight hour fees for the PC-12 are $1,500, and these increase progressively to $6,500 for the G450.
SkyShare takes a 35% downpayment on shares, which are offered in increments of 1/16, 1/8, 3/16, and 1/4, giving access to aircraft for between 20 and 80 days each year. The balance for share prices is paid monthly.
The company also provides aircraft management services as well as charter flights, and it operates several FBOs. It has been in business since 2009.