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.

December 6, 2010 - 12:30am

Avinode has appointed Brent Moldowan as managing director of Wyvern Consulting, the aviation safety auditing company based in Trenton, New Jersey. Avinode acquired Wyvern when it merged with its parent company Charter X earlier this year."I am very excited to lead Wyvern during the next phase of the company's growth," Moldowan said.

December 5, 2010 - 11:15pm

Comlux The Aviation Group (Chalet A18) has established a new commercial office to oversee its operations in the Gulf region. Based in Bahrain, Comlux Middle East has begun operations with two Airbus Corporate Jets. The division expects to receive an Airbus A320 Prestige in January.

December 2, 2010 - 10:46am

An early takeoff for seasonal holiday-driven traffic provoked a steep spike in demand for private charter flights. According to the latest forward-looking index from online charter portal Avinode, projected demand for this month was more than 75 points up on the November 1 level at 167.35. The December 1 index was almost 80 points above that recorded on the same day last year.

November 30, 2010 - 7:07am

ExecuJet Aviation is expanding its footprint in the Asian business aviation services market with a new joint venture with China’s Tianjin Haite Aircraft Engineering. The partners are to establish an aircraft maintenance and management operation at Tianjin Binhai Airport, about 75 miles from the center of Beijing, and the new facility is slated to open by August.

November 30, 2010 - 4:17am

Business aircraft trading has started to move more freely, but the fallout from the financial crisis continues to cast a shadow over the market, according to JetBrokers Europe. The UK-based group says brokers are having to work harder and be more inventive to get deals closed. And buyers are facing much closer scrutiny from lenders.

November 30, 2010 - 3:54am

Financial records at French air ­charter operator Blue Line are being scrutinized following the company’s compulsory liquidation on October 6 with debts of €37 million ($52 million). The suddenness of the 200-employee company’s demise prompted the judge in charge of the liquidation to tap a certified public accountant to investigate Blue Line’s financial affairs. A preliminary report is to be released by year-end.

November 29, 2010 - 10:33am

Aircraft charter firm Air Partner launched a new Middle East jet card for private jet customers who want to travel within the region. The program offers inclusive fixed prices for aircraft, along with a 48-hour guaranteed availability and no ferry charges.

November 29, 2010 - 10:32am

Revenues at Berkshire Hathaway’s NetJets fractional aircraft subsidiary climbed 17 percent during the first nine months of this year versus a year ago “due to an increase in worldwide flight revenue hours and increased fuel cost recoveries, partially offset by lower management fees due to fewer aircraft in the NetJets program.” According to the third-quarter financial report, NetJets logged pre-tax earnings of $158 million in the first n

November 4, 2010 - 11:51am

This morning, Columbus, Ohio-based NetJets announced it acquired jet card provider Marquis Jet Partners. Marquis Jet was started in 2001 by Kenny Dichter, offering 25-hour jet cards essentially equivalent to a 32nd share of a NetJets airplane. Jet card buyers purchase a “pre-paid sub-lease of a specific aircraft,” according to Marquis, which owns 65 airplanes in the NetJets fleet.

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