Arcadia Aviation this afternoon said it has signed a binding letter of intent to acquire certain assets and operations of Wayfarer Aviation, which was set to shut down last Friday. However, Arcadia provided bridge financing to allow uninterrupted continuation of Wayfarer’s services in advance of the signing of the purchase agreement. The deal announced today is subject to the execution of a definitive asset purchase agreement by both parties.
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.
Chapman Freeborn Airchartering of Dubai has coordinated several aircraft charters to New Orleans for BP and other responders in their effort to stem the oil leak from the Deepwater Horizon rig site in the Gulf of Mexico.
Inflite Engineering of London Stansted Airport is keeping pace with growing demand for executive Avro Business Jet (ABJ) reconfigurations of BAE Systems regional jets. The latest is a late-model Avro RJ100, which joins Presidential Flight of Abu Dhabi’s existing executive RJ70. The interior dimensions of the bigger RJ100 version allowed for a split-cabin configuration.
Bombardier Flexjet and Korean Air formed a marketing alliance dubbed Flexjet Connect. As part of the partnership, Flexjet fractional owners will receive incentives to purchase first-class tickets on Korean Air when traveling between the Americas and East Asia and other benefits, including elite status for one year. Korean Air passengers participating in the program have guaranteed access to more than 5,000 U.S.
In response to the growing demand for business aircraft in Africa, charter operator VistaJet has launched a regional operation on the West African coast, based out of Lagos, Nigeria. The Switzerland-based company has partnered with Kola Aluko, a West Africa-based businessman and VistaJet client.
Charter broker Air Partner launched a new Web site, www.emptysectors.com, intended to help charter clients to see real-time empty-leg availability of aircraft. The site shows aircraft availability data generated by the latest empty-leg software introduced by online charter portal Avinode.
Rizon Jet has agreed to provide additional charter capacity for Kazakhstan-based operator Prime Aviation. Under an initial four-month contract the Qatar-based operator will provide blocks of flight time in one of its Bombardier Challenger 605s to cover the months of May through August. The aircraft will be based in Almaty or Astana as required.
West Palm Beach, Fla.-based Greenjets said its shared-ride charter jet membership service has been growing quickly since it was launched in April last year. “Our business has been doubling or tripling every month,” company president Dean Rotchin told AIN. Greenjets allows customers to book seats and share charter jets, thereby reducing the cost and per-passenger carbon footprint for each flight.
Flight Options took delivery of its first Embraer Phenom 300. The Cleveland-based fractional aircraft provider has a firm order for 100 of the light jets and options on 50 more. The Phenom 300s are scheduled to be delivered at a rate of about 10 per year over the next 10 years. The first three fractional Phenoms have already been
Five years after the February 2005 Challenger overrun at Teterboro–one of the most notorious accidents in business aviation history–the FAA has again suspended the charter operating certificate of one of the companies peripherally involved, Darby Aviation of Sheffield, Ala.