It will probably be another six months before the FAA issues its final rule to regulate fractional aircraft ownership operations under new Part 91 Subpart K and to amend existing Part 135 rules for on-demand charter flights. The comment period for the proposed rule ended in November last year, but the FAA only just signed off last month on the final version and sent it to the DOT. The DOT has up to 90 days to conduct its review before it goes to the Office of Management and Budget, which also has up to 90 days to review it.
Fractional Rule Still Many Months Away
- May 6, 2008, 9:20 AM