Understanding the new Subpart K frax rules
As fractional ownership programs grew in size, complexity and number, considerable controversy within the aviation community arose as to their appropriate
As fractional ownership programs grew in size, complexity and number, considerable controversy within the aviation community arose as to their appropriate regulatory structure. The main question was whether they should be conducted under FAR Part 91 or, as in the case of on-demand charter operators, Part 135.
At the FAA, evolving concerns regarding issues of accountability and responsibility for compliance emerged, especially because of an agency regional ruling that originally allowed fractional programs to be conducted under Part 91 without any restrictions. Consequently, during the 1990s the agency continued its analysis of the appropriate regulatory environment for these programs.
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