FAA Renews Paperwork for Shared Private Jet Owners
Published Date: 1/28/2025
Notice
Summary
The FAA is renewing its approval to collect info from people who share ownership of aircraft through fractional ownership programs. This helps keep everyone safe by making sure owners follow the rules when sharing and leasing their planes. If you’re involved, you can comment on this plan by March 31, 2025, to help improve the process without adding extra hassle.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Reporting Burden for Fractional Owners
If you run or own a share in a fractional aircraft ownership program, the FAA is renewing an information collection that requires fractional ownership program managers and fractional owners to provide information to show compliance with 14 CFR part 91, subpart K. The renewal covers 11 fractional ownership operators with 1,187 aircraft, estimates an average burden of 1 hour 20 minutes per response, and an estimated total annual burden of approximately 18,000 hours. You can comment on this plan by March 31, 2025.
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