TBM 940

The term of your co-ownership in the TBM will continue for 3 years at which point Jet OUT will refurbish your aircraft and market it for resale as your broker. The aircraft will be sold to a third party in an arms length transaction, the net sales proceeds will be distributed to you at closing and the co-ownership term will then end automatically.

Your co-ownership interest is an asset that you own and we believe that you should be able to resell it at your pleasure. You are able to transfer your co-ownership interest to a third party at any time with Jet OUT’s consent, which will not be unreasonably withheld.

Our co-ownership program is turnkey and we believe that end of term should be as automatic and seamless as using the aircraft. Accordingly, Jet OUT carries out an end of term procedure that ensures that the resale value of your aircraft is maximized without requiring any investment of time and effort on your part.

At Jet OUT’s expense — Jet OUT carries out a refurbishment of your aircraft with the intention of maximizing the resale value of your aircraft. Jet OUT then obtains an appraisal of your aircraft from a third party and shares it with you and the other co-owners. If you or other co-owners object to the appraisal, the co-ownership agreements provide for a resolution process which allows you or other co-owners to submit your own third party appraisal. Jet OUT then markets your aircraft for resale as your broker in an arms’ length transaction and administers the sale and closing of your aircraft. Jet OUT will find a buyer who agrees to pay a purchase price which is no less than 3% less than the appraised fair market value. At closing the net sales proceeds are distributed to the co-owners in proportion to their ownership fraction.

Jet OUT’s unique program achieves operational efficiencies which deliver substantial cost savings. In order to fully benefit from these efficiencies, we recommend that you live or work within 75 miles of the base airport of the airplane you co-own. Outside of this primary service area your ability to make use of half-day trips may be limited.

The only limits on baggage are practical — i.e. your bags must fit in the baggage compartments of the aircraft and Jet OUT must observe certain Federal hazardous materials rules and ensure that your airplane remains within its weight & balance limitations. There are no additional fees for baggage.

The TBM has two baggage compartments, one with a capacity of 220 lbs. and 30 cubic feet which is inside the pressurized cabin, and one with a capacity of 110 lbs. and 6 cubic feet which is unpressurized. Because the unpressurized compartment may get cold in flight, we do not allow liquids or aerosols in this compartment. We also do not allow batteries in the unpressurized compartment. It is possible to accommodate large items like golf clubs and skis, but large or heavy baggage may require refueling stops or limit passenger capacity.

Your Jet OUT sales representative can help answer any specific questions you may have about baggage limitations.

Jet OUT can offer attractive financing directly to well qualified co-owners. Please contact your Jet OUT sales representative for details.

The cabin configuration of the TBM is flexible and can be changed on a trip-by-trip basis. Four passenger seats in a club configuration is standard, but we can also configure the TBM with two passenger seats and a privacy toilet, or three passenger seats with one removed rear seat to permit additional space for large items such as skis or golf clubs. There is no additional charge for cabin reconfigurations, although non-standard configurations may be subject to availability.

Your Jet OUT co-ownership share is true ownership of a hard asset. If your co-ownership interest will be used for qualified business purposes then you may be able to claim 100% bonus depreciation on the purchase price. We recommend that you consult with an tax professional that specializes in aircraft to obtain advice with respect to your particular circumstances. Your Jet OUT sales representative can provide you with a referral to qualified tax professional.

In the Jet OUT co-ownership program, fuel is a direct pass through. You pay the actual cost of the jet fuel consumed for your flights with no additional mark up. An original copy of each fuel receipt is attached to your monthly billing statements.

You benefit directly from any volume fuel discounts that Jet OUT receives from FBOs and airports. Our Concierge team is always happy to work with you to reduce your fuel costs by suggesting lower cost airports or FBOs.

Because fuel represents approximately 25% of the total cost of ownership of the TBM, a 20% increase in fuel costs translates to only an approximately 5% increase in your cost of ownership.

Our goal is for you to fly on the airplane you own, but if your airplane is unavailable for your trip, we will operate your flight on a similar aircraft from our co-ownership fleet.

Jet OUT does not assess any additional charge for flying on an aircraft in the co-ownership fleet that you do not own, but we are required to collect and remit Federal Excise Tax for the amounts that we do charge for flights on non-owned aircraft.

Reservations are strictly taken on a first-come, first-serve basis. The innovative Jet OUT co-ownership program has been carefully designed to minimize scheduling conflicts. We have found that a given day of travel typically will not become fully booked (i.e. all airplanes are unavailable) until approximately three days prior to the day of travel. Many days are never fully booked.

Yes! Reservations are accepted normally so long as Jet OUT is in receipt of all trip details by 5 PM on the day prior to your first travel day. This permits us sufficient time to plan your flights, reserve any required ground services and assign your pilots before 6 PM (at which time our pilots are automatically released from duty for the following day).

We may be able to accommodate same-day travel, subject to availability. We add an automatic gratuity for your pilots on same-day trips as a financial incentive to help ensure pilot availability.

Please note that reservations are always accepted on a first-come, first-serve basis.

Example: You want to depart from Milwaukee at 7 AM to fly to Boston on Tuesday. We must receive your complete reservation details by 5 PM on Monday in order to process your reservation normally.

Example: An emergency travel need arises and you request a 1 PM departure at 10 AM (three hours prior to departure). An airplane is available. If we are are able to secure two pilots are able to arrive at the airport by 12 PM, we can process your request as a same-day reservation. A pilot gratuity will be added to your next billing statement automatically.

The TBM is equipped with a propeller, but that propeller is powered by a turbine engine just the same as any modern business jet. Engine failure is rarely a contributing factor in accidents occurring on turbine aircraft. Data compiled by the National Transportation Safety Board (NTSB) shows that among 14 CFR § 135 air carriers like Jet OUT, accident rates are indistinguishable between single-engine and twin-engine turboprop aircraft.

In the event of an engine failure, single-engine turboprops are designed to continue flying. The TBM can glide approximately 70 miles from its cruising altitude of 31,000 ft to sea level. All Jet OUT pilots are required to demonstrate proficiency in making power off landings at recurrent training at least once per year.

The TBM is powered by the Pratt & Whitney Canada PT6 engine, which is the world’s most popular engine in its class and one of the greatest success stories in aviation. The first design in the engine family was created in 1958, and since then the engine has accumulated more than 400 million hours of operational experience. Pratt & Whitney Canada has relied on that experience to refine the PT6 into one of the most dependable engines in the aviation industry. Inflight failures of the PT6 are exceedingly rare.

Yes! It is up to your discretion who you invite on your aircraft. You are not required to be present.