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.

July 3, 2014 - 1:40pm

Vilnius, Lithuania-based air charter firm KlasJet started operations this week after receiving its air operator certificate (AOC) from the Lithuanian CAA late last month. Its first charter trip was a three-hour flight to a Mediterranean resort. KlasJet launched its operations with a VIP-outfitted Bombardier CRJ200 and Challenger 850. It plans to operate up to 10 business jets. The carrier’s fleet is supported by Avia Solutions Group and its subsidiaries.

June 26, 2014 - 3:28pm

Landmark Aviation continues to expand its managed fleet, with the addition of seven more jets to its aircraft management division. As a result of three acquisitions earlier this year, the company more than doubled the size of its fleet, making it the second largest business aircraft manager in the U.S., behind only Executive Jet Management.

June 24, 2014 - 3:00pm

Directional Aviation consolidated charter broker activities from wholly owned Sentient Jet, Flexjet and Flight Options yesterday under Skyjet, a new subsidiary. Greg Richman, who is president at the division, said the Skyjet brand was a “hidden gem” in Directional’s acquisition of Flexjet in December.

June 24, 2014 - 2:10pm

Tim La Porte, owner of Iliamna Air Taxi Service in Iliamna, Alaska, has logged 10,000 hours at the controls of the PC-12, making him the highest-time pilot of the big turboprop single, according to Pilatus Business Aircraft. Iliamna provides charter and scheduled service in Alaska, and has been in operation since 1977. The family-owned business operates three PC-12s, one of which it has owned for the past 25 years.

June 19, 2014 - 3:00pm

Jet card provider Sentient Jet appears to be thriving as it celebrates its 15-year anniversary. Last year it sold more than 32,000 hours–the equivalent of more than 1,300 twenty-five-hour jet cards–with revenue exceeding $150 million. Sentient said its profitability continues into this year, with business travel from Monday through Wednesday up 10 percent and leisure travel from Friday to Sunday up 17 percent in the first five months. Last month was Sentient’s biggest May in six years, with revenue of $14.5 million, a 16-percent year-over-year increase.

June 17, 2014 - 3:15pm

Wayne Rizzi, the owner of 20-year-old air charter broker Air Royale International, pleaded guilty yesterday to “willfully failing to pay over collected Federal Excise Taxes [FET] to the IRS.” The IRS said that from Oct. 1, 2008, through Dec. 31, 2010 Air Royale collected FET from its customers totaling $489,784, but passed on only $29,286 of this amount to the agency.

June 17, 2014 - 2:30pm

Online private jet charter portal Victor appointed Dan Northover as chief marketing officer. The company, which launched in 2011 and experienced “huge growth” this year, said the appointment represents a “significant step forward” as it prepares to launch its new business-to-client app and enter the U.S. market later this year. Most recently, Northover was digital design director and board member of Partners Andrews Aldridge, part of the Engine Group, and partner at the Engine Group, the UK’s largest privately owned communications group.

June 12, 2014 - 2:35pm

Jet Aviation signed an agreement today with Luxaviation Group, a major European business aviation operator, to provide exclusive handling services through its network of FBOs in Europe, Middle East and Asia (EMEA). Under the FBO service agreement, Jet Aviation will provide dedicated handling services to Luxaviation’s managed fleet of almost 100 aircraft at its FBOs in Switzerland, Germany, Russia, Dubai, Saudi Arabia, Hong Kong and Singapore.

June 10, 2014 - 6:00pm

NetJets’ Chinese joint venture, NetJets Business Aviation Ltd, obtained its operating permit from the Civil Aviation Administration of China (CAAC) yesterday. This moves NetJets China closer to the final step in its certification–approval of its operating certificate, which would allow it to begin providing private jet services for customers in China.

June 10, 2014 - 6:00pm

NetJets’ Chinese joint venture, NetJets Business Aviation Ltd, obtained its operating permit from the Civil Aviation Administration of China (CAAC) yesterday. This moves NetJets China closer to the final step in its certification–approval of its operating certificate, which would allow it to begin providing private jet services for customers in China.

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