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.
Company stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012.
Membership airline Surf Air plans to grow much larger with new funding and an order for up to 65 PC-12 NGs.
NetJets China has completed the fourth phase in the process to receive its Chinese air operator certificate.
Fluctuations in Avinode’s pricing index were more moderate.
NetJets accounted for nearly a third of Berkshire’s $507 million revenue increase in its service businesses division.
Company recently signed agreements for five new aircraft that are entering the fleet through new Ownership Assist program.
The jet card pioneer has 4,000 jet cardholders and sold 32,000 charter hours last year.
Since its founding in 1994, the company has flown more than 16 million incident- and accident-free miles worldwide.
Returnjet plans lower fees for brokers and promises quicker flight searches.
Company expects to have 1,200 members for its closed charter fleet by year-end and some 2,500 by the end of next year.