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.

November 24, 2009 - 6:41am

Austria’s Caeroscene IT Solutions claims to have developed software and a Web-based portal that can combine all core flight planning and support functions in one system and provide a convenient way to book and market executive charter capacity online. The Innsbruck-based company’s Caeroscene Client system is now being used to manage the operations of about 100 aircraft based in various European countries and South Africa.

November 24, 2009 - 4:21am

For Europe, the so-called very light jet (VLJ) revolution has turned out to be more a case of evolution in which only the most financially fit seem destined to survive.

November 23, 2009 - 9:18am

The FAA considered trying to extract $100 million from Tag Aviation during its investigation of the firm in 2007 before revoking the charter company’s operating certificate on Oct. 12, 2007, the agency recently confirmed.

November 23, 2009 - 6:32am

The latest data from Charter X and Avinode paints conflicting pictures of the fortunes of the executive charter market over the past month. Avinode’s demand index for November 1 dipped below 60, having stood at 69.1 just 30 days earlier. Over the same period, Avinode’s average price index showed a slight fall of less than 1 percent to 92.86.

November 23, 2009 - 6:30am

Virgin Charter, the online charter brokerage launched with great fanfare in mid-2007, ceased operations on October 23. “With the severe decline in corporate travel, Virgin Charter was unable to generate sufficient sales to underpin its business plan,” according to a company statement, “and has taken the difficult decision to close its doors.”

November 23, 2009 - 6:05am

Due to recent upticks in fuel prices and increasing demand for its services, per-seat charter broker Greenjets raised seat prices by 10 percent, effective November 15.
In addition, the annual fixed trip prices for Greenjetcard members will increase for clients enrolling after that date

November 23, 2009 - 6:00am

Air Partner is expanding its 25-hour prepaid JetCard by adding two new aircraft categories–very light jet and super-midsize–within its European service area. The categories are also included in the company’s new 10-hour Winter JetCard, which is aimed primarily at the ski market. Air Partner deems a VLJ ideal for short flights from the UK to Dublin, Dusseldorf and Geneva, among others.

October 30, 2009 - 8:20am

The Private Jets division of charter broker Air Partner suffered a £2.5 million ($3.9 million) loss in its fiscal year that ended on July 31. Overall, the UK-based group saw profits before tax fall 57 percent to £4 million ($6.4 million) on sales that were 23 percent down at £194.3 million ($309 million).

October 30, 2009 - 6:42am

New York’s only scheduled helicopter shuttle service is no more, at least for now.

October 29, 2009 - 8:33am

New York’s only scheduled helicopter shuttle service is no more, at least for now.

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