© 1998 By Michael P. Fleming

DISCLAIMER: The information in this article was, to the best of the author’s knowledge, accurate and current as of the date first written. Any reader should retain competent counsel to assess its individual situation, and should not rely on either the accuracy or currency of the information presented in this document. Any use of this article is expressly conditioned on the preceding sentences, and the author is released from any liability. All rights to this article are fully reserved to the author.

Individuals involved in business aviation are increasingly likely to encounter aircraft sharing arrangements. From occasional users to industry veterans, this article provides an analytical framework for them to determine the appropriate sharing structure. Common issues (and even some that are more obscure) are addressed from legal, regulatory, operational, economic, tax, liability, and disclosure perspectives. The article analyzes specific sharing structures (such as Time Sharing, Interchange, Joint Ownership, Dry Leasing, and Fractional), including an assessment of their advantages, limitations, and economic implications, and addresses their use in common planning scenarios.