PlaneSmart Expands Market to Include Current Aircraft Owners

Fractional aircraft ownership specialist PlaneSmart, based in Dallas, now offers management services for owners of "qualifying" airplanes. The company has taken delivery of an Eclipse 500 and is offering shares to customers. Late model aircraft in excellent condition-preferably with "advanced avionics"-are eligible. The company claims existing owners will receive a "significant refund" on their original acquisition costs. PlaneSmart will handle all issues related to reregistering the aircraft, title issues, insurance and scheduling for shared owners. For details, contact planesmart.com.

Mark Phelps is a senior editor at AVweb. He is an instrument rated private pilot and former owner of a Grumman American AA1B and a V-tail Bonanza.

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