Charter and Fractional

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

August 12, 2014 - 2:59pm

Surf Air placed an order for up to 65 Pilatus PC-12 NG turboprop singles–15 firm and 50 options–worth an estimated $312 million, the company told AIN. It has also raised another $8 million in funding, for a total of $17 million. Deliveries of the new PC-12s begin in October, with three planned this year and nine next year.

August 12, 2014 - 2:55pm

NetJets subsidiary NetJets China successfully completed proving runs in China, the fourth phase in the process to receive an air operator certificate (AOC) from the Civil Aviation Administration of China. The proving runs were conducted just over a week ago in two Hawker 800s that will be the first aircraft in the NetJets China fleet.

August 7, 2014 - 2:40pm

Demand for charter flights in Europe looks set to increase steeply over the remainder of the continent’s peak summer vacation season, according to the latest projections from online charter portal Avinode.

August 7, 2014 - 2:25pm

Revenue at Berkshire Hathaway’s service business, which includes NetJets and FlightSafety International, rose by $507 million, to $4.9 billion, during the first half of the year, while profits climbed by $72 million, to $605 million. NetJets accounted for nearly a third of this revenue increase, thanks to higher flight services revenue attributable to more flight hours, as well as better rates and product mix changes. FlightSafety’s revenue also climbed due to increased simulator training activity.

August 7, 2014 - 2:00pm

Delta Private Jets (DPJ) said that the guaranteed-income aircraft management program, Ownership Assist, it introduced in early June has been well received by customers. In fact, the company signed agreements for five new aircraft that are entering the fleet through this program, two of which have just been added to the managed fleet. Meanwhile, DPJ also continues to see increased demand, especially for its jet card.

August 6, 2014 - 12:20am

Fifteen years after inventing the jet card, which simplifies the purchase of a block of charter hours, Sentient Jet sees no slowdown in demand for the product it pioneered. “We’re having a great year,” said Sentient president Andrew Collins. “In many respects it feels a lot like stuff we’ve been talking about is coming to fruition.”

August 5, 2014 - 2:45pm

Aircraft charter and management firm ExecuJet Charter Service, which is based at Tampa (Fla.) International Airport, is celebrating its 20-year anniversary this month. Since its founding in 1994, the company has flown more than 16 million incident- and accident-free miles worldwide on its fleet that currently includes a Dassault Falcon 900B, three Hawker 800XPs, an IAI Westwind and a Blackhawk conversion Beechcraft King Air B200. The company said it has supported, and continues to support, several charities since its inception, including St.

August 5, 2014 - 4:10am

Charter hub Returnjet.com is extending free access to aircraft availability data to brokers in a bid to challenge the market dominance of rival portal Avinode. The change, which took effect July 14, will also allow operators who have registered their fleets with the site to have complimentary access to the real-time data.

Operators will continue to pay a 3-percent “introduction fee” for any flight conducted as a result of customer contact from the site. Returnjet plans to introduce reduced introduction fees for flights booked by brokers.

July 24, 2014 - 2:25pm

As aircraft membership club Wheels Up celebrates its first anniversary next Friday, founder and CEO Kenny Dichter said the company has expanded in line with initial projections and he predicted even more growth in the coming year. “We currently have 28 airplanes, nearly 600 members and are on target for meeting and exceeding our business objectives. In a short time, we are a major player in the private aviation industry,” he said.

July 22, 2014 - 3:15pm

The EASA issued a long-awaited notice of proposed amendment (NPA) on Thursday that would allow commercially operated single-engine turbine aircraft to fly at night and in IMC throughout Europe. EASA regulators said that some member states, as well as third-country operators, already allow some of their operators to conduct commercial single-engine IFR (SEIFR) flights under an exemption to EU-OPS rules, creating an “uneven playing field.”

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