Formal dialogue with various tribes has also indicated the need for executive air transportation. To meet this need there are several options available; an aircraft charter service, an FAA approved fractional ownership program, and an aircraft management provision. Any contract services proceeds from the operations will provide necessary capital to assist in financial self-sustainability for Tribal Air.
Charter
An aircraft charter can be available if the customer prefers to pay on a per flight basis.
Fractional Ownership
This allows those with the need for private aircraft but do not want the complete financial burden of private ownership, an opportunity to obtain a usable percentage of an aircraft. The Federal Aviation Administration (FAA) published a final rule in September 2003, governing operations of aircraft in fractional ownership programs. This final rule defines fractional ownership programs and their various participants, allocates responsibility and authority for safety of flight operations.
Aircraft Management / Maintenance Service
Continued contract services and potential Fixed Based Operations to maintain aircraft and manage leaseback options of private aircraft will also comprise sustainability of exempt-purpose activities.
Other Services
Tribal Air can easily expand into additional services and related business activities to ensure financial self-sustainability, while meeting identified needs for the tribes of the North State.
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