LyddAir Launches New Fractional in UK

AINalerts >> July 2007
Fractional

UK charter operator LyddAir has launched its own fractional ownership program, offering shares in a variety of pre-owned twin-engine piston and turboprop airplanes. Initially, the company is offering shares in a pair of Piper Chieftains and a Beech Baron B58, but it is preparing to add a King Air 200 to the fleet.

The company bills the Air Share package as an affordable introduction to fractional ownership with flights provided under a commercial air operator certificate so that there are no restrictions on who can use the aircraft. Air Share offers one-eighth shares in the Chieftains for between £25,000 and £30,000 ($50,000 to $60,000), which entitle the owner to use the aircraft 40 days a year.

Flight hours (including positioning flights) are billed at a rate consisting of the direct operating cost plus a margin of 15 percent.

Back

$65K Penalty Proposed for Flight Options Hazmat Violation Saturday 21. of August 2010 The FAA is seeking a $65,000 civil penalty from fractional-share operator Flight Options for shipping a package that leaked a hazardous... [more]
On More Solid Footing, NetJets Posts $114M Profit Tuesday 10. of August 2010 For the second quarter and first half of this year, fractional aircraft provider NetJets' revenues increased 16 percent and 17 percent,... [more]
Executive AirShare Gets Frax Phenom 300 Sunday 01. of August 2010 Kansas City-based fractional provider Executive AirShare took delivery of the first Embraer Phenom 300 for its fractional fleet last month.... [more]
Flexjet sees charter business grow during first half of 2010 Sunday 01. of August 2010 Fractional share provider Bombardier Flexjet is celebrating its 15th year in operation. “Over the past 15 years,” said Flexjet president Fred... [more]
VistaJet adds six bizjets to its global fleet Wednesday 21. of July 2010 Executive charter operator VistaJet has ordered six more Bombardier aircraft for its planned expansion into markets in West Africa, the Middle... [more]