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773 

Federal Aviation Administration, DOT 

§ 91.1001 

§§ 91.884–91.899

[Reserved] 

Subpart J—Waivers 

§ 91.901

[Reserved] 

§ 91.903

Policy and procedures. 

(a) The Administrator may issue a 

certificate of waiver authorizing the 
operation of aircraft in deviation from 
any rule listed in this subpart if the 
Administrator finds that the proposed 
operation can be safely conducted 
under the terms of that certificate of 
waiver. 

(b) An application for a certificate of 

waiver under this part is made on a 
form and in a manner prescribed by the 
Administrator and may be submitted 
to any FAA office. 

(c) A certificate of waiver is effective 

as specified in that certificate of waiv-
er. 

[Doc. No. 18334, 54 FR 34325, Aug. 18, 1989] 

§ 91.905

List of rules subject to waiv-

ers. 

Sec. 
91.107

Use of safety belts. 

91.111

Operating near other aircraft. 

91.113

Right-of-way rules: Except water op-

erations. 

91.115

Right-of-way rules: Water operations. 

91.117

Aircraft speed. 

91.119

Minimum safe altitudes: General. 

91.121

Altimeter settings. 

91.123

Compliance with ATC clearances and 

instructions. 

91.125

ATC light signals. 

91.126

Operating on or in the vicinity of an 

airport in Class G airspace. 

91.127

Operating on or in the vicinity of an 

airport in Class E airspace. 

91.129

Operations in Class D airspace. 

91.130

Operations in Class C airspace. 

91.131

Operations in Class B airspace. 

91.133

Restricted and prohibited areas. 

91.135

Operations in Class A airspace. 

91.137

Temporary flight restrictions. 

91.141

Flight restrictions in the proximity 

of the Presidential and other parties. 

91.143

Flight limitation in the proximity of 

space flight operations. 

91.153

VFR flight plan: Information re-

quired. 

91.155

Basic VFR weather minimums 

91.157

Special VFR weather minimums. 

91.159

VFR cruising altitude or flight level. 

91.169

IFR flight plan: Information required. 

91.173

ATC clearance and flight plan re-

quired. 

91.175

Takeoff and landing under IFR. 

91.176

Operations below DA/DH or MDA 

using an enhanced flight vision system 
(EFVS) under IFR. 

91.177

Minimum altitudes for IFR oper-

ations. 

91.179

IFR cruising altitude or flight level. 

91.181

Course to be flown. 

91.183

IFR radio communications. 

91.185

IFR operations: Two-way radio com-

munications failure. 

91.187

Operation under IFR in controlled 

airspace: Malfunction reports. 

91.209

Aircraft lights. 

91.303

Aerobatic flights. 

91.305

Flight test areas. 

91.311

Towing: Other than under § 91.309. 

91.313(e)

Restricted category civil aircraft: 

Operating limitations. 

91.515

Flight altitude rules. 

91.707

Flights between Mexico or Canada 

and the United States. 

91.713

Operation of civil aircraft of Cuban 

registry. 

[Doc. No. 18334, 54 FR 34325, Aug. 18, 1989, as 
amended by Amdt. 91–227, 56 FR 65661, Dec. 
17, 1991; Docket FAA–2013–0485, Amdt. 91–345, 
81 FR 90175, Dec. 13, 2016; Docket FAA–2016– 
9154, Amdt. 91–348, 82 FR 39664, Aug. 22, 2017] 

§§ 91.907–91.999

[Reserved] 

Subpart K—Fractional Ownership 

Operations 

S

OURCE

: Docket No. FAA–2001–10047, 68 FR 

54561, Sept. 17, 2003, unless otherwise noted. 

§ 91.1001

Applicability. 

(a) This subpart prescribes rules, in 

addition to those prescribed in other 
subparts of this part, that apply to 
fractional owners and fractional owner-
ship program managers governing— 

(1) The provision of program manage-

ment services in a fractional ownership 
program; 

(2) The operation of a fractional own-

ership program aircraft in a fractional 
ownership program; and 

(3) The operation of a program air-

craft included in a fractional ownership 
program managed by an affiliate of the 
manager of the program to which the 
owner belongs. 

(b) As used in this part— 
(1) 

Affiliate of a program manager 

means a manager that, directly, or in-
directly, through one or more inter-
mediaries, controls, is controlled by, or 
is under common control with, another 
program manager. The holding of at 
least forty percent (40 percent) of the 

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774 

14 CFR Ch. I (1–1–24 Edition) 

§ 91.1001 

equity and forty percent (40 percent) of 
the voting power of an entity will be 
presumed to constitute control for pur-
poses of determining an affiliation 
under this subpart. 

(2) A 

dry-lease aircraft exchange means 

an arrangement, documented by the 
written program agreements, under 
which the program aircraft are avail-
able, on an as needed basis without 
crew, to each fractional owner. 

(3) A 

fractional owner or owner means 

an individual or entity that possesses a 
minimum fractional ownership interest 
in a program aircraft and that has en-
tered into the applicable program 
agreements; provided, however, that in 
the case of the flight operations de-
scribed in paragraph (b)(6)(ii) of this 
section, and solely for purposes of re-
quirements pertaining to those flight 
operations, the fractional owner oper-
ating the aircraft will be deemed to be 
a fractional owner in the program man-
aged by the affiliate. 

(4) A 

fractional ownership interest 

means the ownership of an interest or 
holding of a multi-year leasehold inter-
est and/or a multi-year leasehold inter-
est that is convertible into an owner-
ship interest in a program aircraft. 

(5) A 

fractional ownership program or 

program  means any system of aircraft 
ownership and exchange that consists 
of all of the following elements: 

(i) The provision for fractional own-

ership program management services 
by a single fractional ownership pro-
gram manager on behalf of the frac-
tional owners. 

(ii) Two or more airworthy aircraft. 
(iii) One or more fractional owners 

per program aircraft, with at least one 
program aircraft having more than one 
owner. 

(iv) Possession of at least a minimum 

fractional ownership interest in one or 
more program aircraft by each frac-
tional owner. 

(v) A dry-lease aircraft exchange ar-

rangement among all of the fractional 
owners. 

(vi) Multi-year program agreements 

covering the fractional ownership, 
fractional ownership program manage-
ment services, and dry-lease aircraft 
exchange aspects of the program. 

(6) A 

fractional ownership program air-

craft or program aircraft means: 

(i) An aircraft in which a fractional 

owner has a minimal fractional owner-
ship interest and that has been in-
cluded in the dry-lease aircraft ex-
change pursuant to the program agree-
ments, or 

(ii) In the case of a fractional owner 

from one program operating an aircraft 
in a different fractional ownership pro-
gram managed by an affiliate of the op-
erating owner’s program manager, the 
aircraft being operated by the frac-
tional owner, so long as the aircraft is: 

(A) Included in the fractional owner-

ship program managed by the affiliate 
of the operating owner’s program man-
ager, and 

(B) Included in the operating owner’s 

program’s dry-lease aircraft exchange 
pursuant to the program agreements of 
the operating owner’s program. 

(iii) An aircraft owned in whole or in 

part by the program manager that has 
been included in the dry-lease aircraft 
exchange and is used to supplement 
program operations. 

(7) A 

Fractional Ownership Program 

Flight or Program Flight means a flight 
under this subpart when one or more 
passengers or property designated by a 
fractional owner are on board the air-
craft. 

(8) 

Fractional ownership program man-

agement services or program management 
services  
mean administrative and avia-
tion support services furnished in ac-
cordance with the applicable require-
ments of this subpart or provided by 
the program manager on behalf of the 
fractional owners, including, but not 
limited to, the— 

(i) Establishment and implementa-

tion of program safety guidelines; 

(ii) Employment, furnishing, or con-

tracting of pilots and other crew-
members; 

(iii) Training and qualification of pi-

lots and other crewmembers and per-
sonnel; 

(iv) Scheduling and coordination of 

the program aircraft and crews; 

(v) Maintenance of program aircraft; 
(vi) Satisfaction of recordkeeping re-

quirements; 

(vii) Development and use of a pro-

gram operations manual and proce-
dures; and 

(viii) Application for and mainte-

nance of management specifications 

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775 

Federal Aviation Administration, DOT 

§ 91.1005 

and other authorizations and approv-
als. 

(9) A 

fractional ownership program 

manager or program manager means the 
entity that offers fractional ownership 
program management services to frac-
tional owners, and is designated in the 
multi-year program agreements ref-
erenced in paragraph (b)(5)(vi) of this 
section to fulfill the requirements of 
this chapter applicable to the manager 
of the program containing the aircraft 
being flown. When a fractional owner is 
operating an aircraft in a fractional 
ownership program managed by an af-
filiate of the owner’s program man-
ager, the references in this subpart to 
the flight-related responsibilities of 
the program manager apply, with re-
spect to that particular flight, to the 
affiliate of the owner’s program man-
ager rather than to the owner’s pro-
gram manager. 

(10) A 

minimum fractional ownership 

interest means— 

(i) A fractional ownership interest 

equal to, or greater than, one-sixteenth 
(

1

16

) of at least one subsonic, fixed-wing 

or powered-lift program aircraft; or 

(ii) A fractional ownership interest 

equal to, or greater than, one-thirty- 
second (

1

32

) of at least one rotorcraft 

program aircraft. 

(c) The rules in this subpart that 

refer to a fractional owner or a frac-
tional ownership program manager 
also apply to any person who engages 
in an operation governed by this sub-
part without the management speci-
fications required by this subpart. 

[Docket No. FAA–2001–10047, 68 FR 54561, 
Sept. 17, 2003, as amended by Docket No. 
FAA–2022–1355, Amdt. No. 91–366, 87 FR 75846, 
Dec. 9, 2022] 

§ 91.1002

Compliance date. 

No person that conducted flights be-

fore November 17, 2003 under a program 
that meets the definition of fractional 
ownership program in § 91.1001 may 
conduct such flights after February 17, 
2005 unless it has obtained manage-
ment specifications under this subpart. 

[Doc. No. FAA–2001–10047, 68 FR 54561, Sept. 
17, 2003; 69 FR 74413, Dec. 14, 2004] 

§ 91.1003

Management contract be-

tween owner and program man-
ager. 

Each owner must have a contract 

with the program manager that— 

(a) Requires the program manager to 

ensure that the program conforms to 
all applicable requirements of this 
chapter. 

(b) Provides the owner the right to 

inspect and to audit, or have a designee 
of the owner inspect and audit, the 
records of the program manager per-
taining to the operational safety of the 
program and those records required to 
show compliance with the management 
specifications and all applicable regu-
lations. These records include, but are 
not limited to, the management speci-
fications, authorizations, approvals, 
manuals, log books, and maintenance 
records maintained by the program 
manager. 

(c) Designates the program manager 

as the owner’s agent to receive service 
of notices pertaining to the program 
that the FAA seeks to provide to own-
ers and authorizes the FAA to send 
such notices to the program manager 
in its capacity as the agent of the 
owner for such service. 

(d) Acknowledges the FAA’s right to 

contact the owner directly if the Ad-
ministrator determines that direct 
contact is necessary. 

§ 91.1005

Prohibitions and limitations. 

(a) Except as provided in § 91.321 or 

§ 91.501, no owner may carry persons or 
property for compensation or hire on a 
program flight. 

(b) During the term of the multi-year 

program agreements under which a 
fractional owner has obtained a min-
imum fractional ownership interest in 
a program aircraft, the flight hours 
used during that term by the owner on 
program aircraft must not exceed the 
total hours associated with the frac-
tional owner’s share of ownership. 

(c) No person may sell or lease an air-

craft interest in a fractional ownership 
program that is smaller than that pre-
scribed in the definition of ‘‘minimum 
fractional ownership interest’’ in 
§ 91.1001(b)(10) unless flights associated 
with that interest are operated under 
part 121 or 135 of this chapter and are 

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