[Federal Register Volume 71, Number 50 (Wednesday, March 15, 2006)]
[Notices]
[Pages 13444-13445]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-2492]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration


Notice of Intent To Request Approval From the Office of 
Management and Budget of a Currently Approved Information Collection 
Activity, Request for Comments; Fractional Aircraft Ownership Programs

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The FAA invites public comments about our intention to request 
the Office of Management and Budget (OMB) to approve a current 
information collection. Fractional Ownership is a program that offers 
increased flexibility in aircraft ownership. Owners purchase shares of 
an aircraft and agree to share their aircraft with others having an 
ownership share in that same aircraft. Owners agree to put their 
aircraft into a ``pool'' of other shared aircraft and to lease their 
aircraft to another owner in that pool. The aircraft owners use a 
common management company to maintain the aircraft and administer the 
leasing of the aircraft among the owners.

DATES: Please submit comments by May 15, 2006.

FOR FURTHER INFORMATION CONTACT: Judy Street on (202) 267-9895, or by 
e-mail at: [email protected].

SUPPLEMENTARY INFORMATION:

Federal Aviation Administration (FAA)

    Title: Fractional Aircraft Ownership Programs.
    Type of Request: Approval of a currently approved collection.
    OMB Control Number: 2120-0684.
    Forms(s): NA.
    Affected Public: An estimated 3,672 Respondents.
    Frequency: The information is collected as needed.

[[Page 13445]]

    Estimated Average Burden Per Response: Approximately 10 hours per 
response.
    Estimated Annual Burden hours: An estimated 38,128 hours annually.
    Abstract: Fractional ownership is a new program that offers 
increased flexibility in aircraft ownership. Owners purchase shares of 
an aircraft and agree to share their aircraft with others having an 
ownership share in that same aircraft. Owners agree to put their 
aircraft into a ``pool'' of other shared aircraft and to lease their 
aircraft to another owner in that pool. The aircraft owners use a 
common management company to maintain the aircraft and administer the 
leasing of the aircraft among the owners.

ADDRESSES: Send comments to the FAA at the following address: Ms. Judy 
Street, Room 1033, Federal Aviation Administration, Standards and 
Information Division, ABA-20, 800 Independence Ave., SW., Washington, 
DC 20591.
    Comments are invited on: Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the Department, including whether the information will have practical 
utility; the accuracy of the Department's estimates of the burden of 
the proposed information collection; ways to enhance the quality, 
utility and clarity of the information to be collected; and ways to 
minimize the burden of the collection of information on respondents, 
including the use of automated collection techniques or other forms of 
information technology.

    Issued in Washington, DC, on March 9, 2006.
Judith D. Street,
FAA Information Collection Clearance Officer, Information Systems and 
Technology Services Staff, ABA-20.
[FR Doc. 06-2492 Filed 3-14-06; 8:45 am]
BILLING CODE 4910-13-M