Brandon [11:48 AM]

FAQ

    • What is Silverhawk’s Safety rating?
      • We are rated Argus Gold, in order to achieve this rating, ARGUS conducts in-depth research into a number of databases and other reputable sources.
    • Can I finance my share?
      • Yes, we have partnered with a local bank to provide simplified financing options for your share. Contact us for details.
    • Will I get stuck with a bill if there’s a need for any upgrades in the future?
      • No, all necessary future paint, interior, or avionics upgrades will be Silverhawk’s responsibility.
    • What happens if I need more than X hours?
      • You may exceed your total hour limit by up to 20%, at rate that is determined by dividing your annual management fee by your annual allotted hours.
    • What are my options during the five-year contract?
      • Owners may apply full Purchase Price to upgrade to a share of a larger aircraft during the first 18 months and with no deduction from FMV (Bluebook Value) after 18 months.
      • You have guaranteed liquidity in your shares. Shares are fully transferable to new owners at any time. Silverhawk will buy back shares based upon either the share Purchase Price or Fair Market Value. Contact us for these values.
      • There are two options when the agreement expires.
        • Apply FMV to purchase of share in different airplane.
        • If airplane will be staying in the fleet, may sign new agreement to stay in same airplane with no additional capital requirement and no deductions from FMV for any buy backs after next 24-month commitment.
    • I found a cheaper plane online compared to the total of your share prices, why is there a such a difference?
      • The difference you see is accounted for in the additional expenses to refurbish the plane with new paint, interior, avionics and Wi-Fi.  It also helps to pre-fund the engine reserve account for the eventual overhauls.
    • How far in advance can I schedule my flights? Are there any cancellation policies?
      • You can schedule as far in advance as necessary; 48 hours’ notice is appreciated.
      • We do charge a cancellation penalty: Cancellation within 48 hours, will get charged 50% of the planned hours. Cancellation within 24 hours, will get charged 100% of the hours planned.
    • Does sales tax apply to each fractional owner for the percentage of airplane purchased?
      • Sales tax generally does apply for the initial buy-in of your fractional share unless you qualify for a Nebraska Sales Tax Exemption.
    • If I am making multiple stops, do I get another two free overnights?
      • Two overnights are included during each trip, regardless of the number of legs in that trip.
    • Will I be covered by Silverhawk Aviation Insurance policy?
      • Yes, you are covered by Silverhawk Aviation Insurance. Contact us for more details.
    • Is Catering or Group Transportation covered by my Silverhawk Share?
      • Silverhawk Flight Coordination would be happy to set up all your travel needs but this is not covered in your monthly cost.
    • What if my plane is already being used by another owner when I want to use it?
      • Fractional owners have access to the entire Silverhawk fleet, so we would most likely be able to accommodate your need in another available airplane.