fractional program aircraft
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 4043 — for purposes of this section
The term “fractional program aircraft” means, with respect to any fractional ownership aircraft program, any aircraft which—
(A) is listed as a fractional program aircraft in the management specifications issued to the manager of such program by the Federal Aviation Administration under subpart K of part 91 of title 14, Code of Federal Regulations, and
(B) is registered in the United States.