| GLOBAL
JET SHARES FRACTIONAL PROGRAM OVERVIEW
SAFETY AND SERVICE
PROGRAM COSTS
AIRCRAFT
GLOBAL JET SHARES
FRACTIONAL
PROGRAM OVERVIEW
What
is Fractional Ownership and how does it work?
Originally developed in the mid 1980’s, the
concept of shared or fractional ownership of private
aircraft is a proven and widely chosen method of
private aircraft ownership. You receive all the benefits
of private jet ownership at a fractional of whole
private jet ownership costs. An individual or company
purchases a share, or more accurately an ownership
interest in a private jet without assuming maintenance
or management responsibilities that come with owing
your own aircraft. The level of investment is directly
proportional to the amount of flight time that meets
your travel requirements. You purchase only as much
flight time as you need to meet your travel requirements.
Fractional ownership of a private jet, especially
with Global Jet Shares, is truly hassle free.
Global Jet Shares provides professionally trained
pilots, maintenance, hangar, insurance and scheduling.
Additionally, Global Jet Shares provides expert aircraft
management services associated with the ownership
of your jet. Global Jet Shares manages everything
concerning the care and operation of your ownership
interest. Your private jet is available 24 hours
a day seven days a week. The ownership experience
is truly “turnkey” and hassle free. Scheduling
of your trip with one simple phone call.
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Who
is Global Jet Shares?
Global Jet Shares, based in Van Nuys California,
with offices in Dallas Texas and Teterboro New Jersey,
has redefined fractional jet ownership
by offering all the prestige and performance of a
Gulfstream private jet for a fraction of the price
of whole aircraft ownership when compared to other
fractional programs. Our pre-owned Gulfstream jets
offer private jet users an unprecedented opportunity
to afford the best of a large cabin jet at a cost
comparable to a smaller cabin private jet aircraft.
Our owners enjoy exceptionally
personalized service and the comfort of knowing our
aircraft are operating to standards that meet and
even exceed those of a commercial air carrier.
Global Jet Shares is a privately
held Delaware Limited Liability Company with its
Corporate Offices and Operations Center at the Van
Nuys, California Airport and field office in Dallas, Texas.
Operations, scheduling, dispatch, owner services, maintenance and pilots
and pilot training are provided through Global Jets
Affiliate, JetSierra West – a
leading provider of national and international aircraft
charter and management services possessing experience managed to the exacting requirements
of Federal Aviation Regulation (FAR) Part 135.
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How
do I know if fractional ownership in a Global Jet
Shares Gulfstream is right for me?
Fractional ownership is best for those companies
or individuals who fly between 50 and 400 occupied
hours a year. One should consider the total capital
required for an investment in whole private jet ownership
compared to the greatly reduced capital and recurring
fees associated with fractional ownership with Global
Jet Shares. Global Jet shares can perform a detailed
trip analysis for you to help determine your occupied
hours per year. Require less hours? We have the solution -
MyJet® Exclusive Jet Membership program is ideal
for those requiring large cabin, long range aircraft but only flying 25 – 100
hours annually. Global Jet Shares MyJet® Program provides exceptional value at
a price roughly one-half of that provided by the competition.
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What
are the benefits of ownership with Global Jet Shares
versus other providers?
We invite you to look at other providers of fractional private aircraft services.
Considered on different levels, such as initial investment, fixed cost or monthly
management fee, variable or hourly rate, term and commitment, service, history of
flight operations, type of FAA certification, industry certifications, personnel
and commitment to safety and service, Global Jet Shares provides a fractional private
jet product of exceptional value. No where else can you find the ability to fly in a
large cabin, 12-14 passenger, transcontinental range private jet for the cost of a
mid cabin jet of the competing programs. Similar cost and service benefits are
also available through our MyJet® program.
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What are the current “Card Programs” and how do
they compare to Global Jet Shares?
”Card Programs” offered today allow one to prepay
blocks of flight time, while receiving the benefits of guaranteed
availability of service and reduce the uncertainty of certain
charter providers. There are currently six providers of jet
"card" services today.
Unique in the industry, Global's MyJet® Exclusive Private
Jet Membership Program offers its members access to its fleet
of Gulfstream aircraft for a fraction of the cost of competing
programs.
Through our partner JetSierra West, we are able to provide
our members access to our managed fleet of Gulfstream aircraft with high company management visibility
and control over the end product, - safety and a high level
of consistent and exemplary service. Our value proposition
in the industry is unique and well timed as over 1000 fractional
owners are considering whether to renew with their existing
supplier and as educated consumers of private jet travel, MyJet®
will provide you better value when measured in terms of price, aircraft type, service and product type.
MyJet® is ideal
for those individuals and private and public companies seeking to control travel costs, and users
of on-demand charter with high and regular annual hour travel
requirements.
MyJet® Exclusive Private Jet Membership Program members
enjoy all the modern technologies, state-of-the art electronics
and on-board amenities equal to those of new Gulfstream aircraft
to ensure that their flight experience is completely comfortable,
luxurious and efficient. Global's new jet membership
product is available on a national basis.
Pricing for MyJet® Exclusive Private Jet Membership
Program begins at $185,000 for a 25 hour membership card –
with additional cards sold in increments of 50, 75 and 100
annual hours.
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SAFETY AND SERVICE
What
is Global Jet Share's commitment to safety and
security?
At Global Jet Shares, our number one priority is safety. All flight operations
for Global Jet Shares are conducted through our affiliate JetSierra West,
headquartered in Oakdale California, (Air Carrier Certificate Number VPOA665U
issued by the Federal Aviation Administration (FAA) Flight District Standards
Office WP-17AL) provides Global Jet with all aspects of operations including
pilot selection, training, scheduling, dispatch, maintenance and owner
services. JetSierra West possesses a flawless operational and customer service
record spanning over 27 years, meeting the demanding needs of the private jet
aircraft management and on demand charter market on a national basis. JetSierra West is certificated to the demanding requirements of the Federal Aviation
Regulations Part 135 which in many cases, is a level of FAA certification
higher that most existing large fractional providers. Additionally, has earned the prestigious ARG/US Gold certification for safety and operational
excellence. ARG/US is the authority that most Fortune 500 companies rely on to evaluate
private jet charter providers. There are no stricter nor unyielding aviation auditing
bodies than ARG/US. Our commitment to pilot and crew training, customer service,
maintenance and security is based on results of over 27 years of flight operations.
JetSierra West operates Lear Jets, Hawkers, Falcons, and Gulfstream. JetSierra West employs
thirty five (35) pilots.
Your safety and security are of our utmost concern.
As such, JetSierra West's flight and ground crew
personnel are specifically trained in security situational
awareness and receive recurrent training every six
months that ensures your privacy and security.
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What
safety equipment is on board Global Jet Shares
aircraft?
Safety in private aviation starts with the management company processes
and procedures for pilot selection and training to computerized maintenance
and more importantly the management and employee philosophy of an overall
commitment to safety. Global Jet Shares policy to safety includes how every
Gulfstream aircraft is configured. Through JetSierra West, operating to FAA Federal
Aviation Regulation Part 135 requires certain safety equipment or avionics be present
on board for safe navigation, traffic separation and aircraft operations at a higher
level than that required for most other fractional operators. Specifically, our commitment
to safety is at a level of that that one would find with a U. S. scheduled airline. This
includes policies such as: Additional crew training, safer crew rest requirements, regular
crew drug testing, required crew background checks for pilots, mandatory recruitment
training procedures, stricter runway length requirements, stricter weather minimums,
stricter maintenance requirements, FAA certification and oversight of aircraft and equipment,
stricter continuous and periodic or recurrent training, requirements for continuous auditing
and surveillance by the Federal Aviation Administration and higher security requirements.
All Global Jet Share Gulfstream GIII aircraft are equipped with upgrades to their already
advanced avionics to include systems to reduce pilot workload, efficiency and increase
situational awareness of aircraft systems, navigation, weather and traffic as well as
meeting federal regulatory requirements.
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What
are Global Jet Shares insurance requirements?
Global Jet Shares maintains, on your behalf as an owner, liability
insurance for both bodily injury and property damage related to the
aircraft and its operations in an amount of $100,000,000, (combined single
limit liability coverage) and zero deductible all-risk hull insurance against
any loss, theft or damage to your aircraft. Global is currently upgrading its
liability insurance coverage to $200,000,000 combined single limit liability coverage.
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What
type of training do Global Jet Share's Pilot Requirements?
Minimum qualifications for the position of captain are 3000 hours of total
flight time, a first class medical certificate and an Air Line Transport Pilot
endorsement. JetSierra West captains on average have over 5600 total flight hours
and their average age are in the mid 30’s. First Officers are required to have
a minimum of 1000 flight hours and a second class medical certificate. However,
most First Officers are type-rated in the Gulfstream aircraft with Airline Transport
Ratings. Mission requirements are considered in crew flight assignments. JetSierra West
First Officers have an average of 4000 flight hours. JetSierra West flight crew members
possess not only an exemplary commitment to aviation professionalism, but possess
a commitment to impeccable customer services and security.
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What
type of training do Global Jet Share's pilots receive?
All Global Jet Shares pilots are trained on a recurring basis by Simuflite International.
Simuflite is the premier training provider for business aircraft
globally. Global Jet Share pilots train in a full motion simulator and practice
all aspects of professional airmanship. Global Jet Share, prides itself in such
critical areas as crew resource management training (CRM) which ensures that
proper aircraft management and crew communication techniques are used by flight
crew members at all times. Recurrent training is supplemented by Global’s/JetSierra West's own in house training program that includes aircraft equipment such as
TCAS, weather radar, GPS on a self paced, monitored basis through a continuous
training (CTS) program. Global also instructs its pilots in security
situational awareness.
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How
are the Global Jet Share aircraft maintained?
All required scheduled maintenance is managed and
performed at Global Jet Shares home base in Van Nuys
California under the supervision of and by JetSierra West maintenance personnel. All aircraft are
maintained to the rigorous standards of the Federal
Aviation Regulations Part 91.409(f) and or an approved
14 CFR Part 135 maintenance and inspection program.
JetSierra West obtains expert factory maintenance training
for all Global maintenance personnel through various
FAA approved sources including Gulfstream. All
JetSierra West maintenance personnel are Airframe and
Powerplant certificated technicians.
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How
do I schedule a flight with Global Jet Shares?
You can call your Global Jet Shares scheduling and
owner services department 24 hours a day, 365 days
a year, with 24 hours notice. We will arrange your
flight and will coordinate with you or your representative
on such details as special catering, on-board amenities,
special security, medical requirements, ground travel
or even helicopter requirements.
Global Jet Shares specializes in personalized service
and through its affiliate, JetSierra West, has
earned a reputation in the market for such service.
Whether you require special security or would like
special catering, music, reading materials, or family
pet handling on board your aircraft, Global Jet Shares
personnel are ready to meet your unique needs.
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Where
can I fly with Global Jet Shares?
The Gulfstream GIII is an exceptional private jet
aircraft of superior performance and robust reputation.
Capable of carrying 12 to 14 passengers to destinations
up to 3,600 nautical miles away (with NBAA/IFR Reserves),
the GIII providing true transcontinental non-stop
convenience cruising at altitudes of 41,000 feet
far above weather and traffic. Flights from the west
coast to the Hawaiian Islands or west coast to the
northeast or south of Florida are all practical missions
for your Global Jet Shares aircraft. Typical fractional
service providers refer to “The Prime Service
Area” that defines where you may fly without
additional charges. Global Jet Shares Prime Service
Area includes the 48 contiguous states and any point
within 200 statute miles and the Commonwealth of
the Bahamas .
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Can
I use more than one aircraft at a time (simultaneous
use)?
Yes. Simultaneous (or Discontinuous use) use is determined
by the size of share that you may own.
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What
if my schedule changes or I will be delayed for
my flight?
If you are delayed, your aircraft will wait for up
to ninety minutes beyond the scheduled departure
time (for each flight scheduled). Other arrangements
can be made if you are late or need to reschedule
your departure.
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Do
you guarantee availability?
Global Jet Shares guarantees availability, with access
24 hours per day, 7 days per week with 24 hours notification.
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Are
pets allowed onboard the aircraft?
Yes, pets are welcome onboard all Global Jet aircraft.
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PROGRAM COST OVERVIEW
What
is the initial investment and the recurring costs
associated with fractional ownership?
You may purchase ownership interest starting at 100
occupied flight hours for $1,187,500 (for an one-eighth
ownership interest). In addition to the initial acquisition
based fractional interest (annual occupied hours),
there is a monthly management fee (adjusted annually,
not to exceed the CPI-U) which covers your proportional
share of pilot, maintenance, hangar, insurance and
other fixed costs of ownership and the occupied hourly
rate (which may be adjusted monthly based on the
price of jet fuel) which includes fuel, lubricants
and reserves for maintenance. You pay a fuel variable
(built into the occupied hourly rate) and approximately
7.5% Federal Excise Tax (FET) on your occupied flight
hours only.
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How
does Global Jet Shares calculate occupied hours?
Time in Global Jet Shares aircraft is deemed to start
at the time that you take off on the aircraft and
at the time when the aircraft lands. Minimum flight
time is one flight hour in duration. Actual flight
time is billed after the one hour minimum in 1/10
increments (each 1/10th increment equaling 6 minutes).
However, one tenth of an hour is added to each take
off and each landing to allow for taxi time.
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What
other fees am I responsible for?
Owners are responsible for the proportionate share
of any and all federal, state, local and foreign
taxes, charges, imposts, duties and excise taxes
and other similar assessments including associated
interest and penalties relating generally to the
ownership, operation and maintenance of the aircraft.
All fees associated with use of in flight phones,
all special landing permits and fees, head taxes,
departure taxes, immigration, customs, handling,
foreign fuel taxes and surcharges, overflight, navigation
and airspace fees billed for all other costs associated
with their flights such as landing fees, special
use fees and taxes in a manner consistent with owning
your own aircraft.
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What
is the term of the program?
While the term of the Global Jet Shares program is
60 months, Global Jet Shares offers you one of shortest
commitments (one year) in the fractional industry
and the maximum in flexibility for the repurchase
of your ownership interest. You may resell your ownership
interest to global Jet Shares at the end of the first
year and every year thereafter for during the five
year program based on the average fair market value
of the aircraft, less a nominal remarketing fee.
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AIRCRAFT
What
type of aircraft are offered through the Global
Jet Shares program?
Global Jet Shares offers previously owned Gulfstream
GIII private jet aircraft. The Gulfstream series
of private jet aircraft has long been regarded as
the premier long range, large cabin private jet aircraft.
Developed in 1968 and continuously upgraded with
technology and performance improvements, the Gulfstream
GIII is recognized by the industry as the “Rolls
Royce” of private jet aircraft. Like the Rolls
Royce motor car, the GIII private jet aircraft has
kept their distinctive modern look since introduction.
Global Jet Shares owners
enjoy all of the modern technologies, state-of-the-art
electronics and on-board amenities equal to those
of new Gulfstream aircraft to ensure that their flight
experience is remarkably comfortable, luxurious and
efficient. Only the most sophisticated pilot or jet
mechanic can distinguish between a new GIV and the
Global Jet Shares GIII with all of our aircraft's
cabin upgrades.
The large cabin, speed
and extraordinary range of the Gulfstream have defined
the aircraft's reputation as the jet choice for discriminating
corporate jet users. All of our aircraft are Stage
Three compliant allowing operations in most private
airports and feature:
 Capacity
for 12 to 14 passengers, in stand-up comfort and luxury;
Range
of 3600 nautical miles with IFR reserves for true transcontinental non-stop and over
water convenience;
Cruising
altitude of over 41,000 feet, well above the weather and airlines;
Stage
III compliant for operations in most noise sensitive airports;
Full-size
stand-up lavatory;
Full
galley with oven and microwave oven;
Fine
china and crystal;
Fine
bedding and linens;
Wet
bar;
Full
catering services, and;
Internal
luggage access.
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Why
does Global Jet Shares offer previously owned aircraft?
In private jet aviation, well designed aircraft such
as the Gulfstream GIII that Global Jet Shares offers
typically provide safe, comfortable and efficient
flight transportation for years given that they are
properly maintained and refurbished. The advantage
to you as an owner is that your initial investment
is far less than that for a new aircraft, and operating
costs are comparable or less than new aircraft – thus
better value.
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What
type of passenger technology and electronics are
on board the aircraft?
The passenger technology and electronics on board
rival the finest executive office suite and include:
Satellite
communications for phone, fax and computer hook
up;
Airshow
400 passenger display for map location, speed and altitude;
DVD
and CD player;
Minimum
of 2 monitors;
Custom
sound system, and;
Sony
PlayStation 2 for the young and young at heart.
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