Charter & Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
NetJets is poised to become the first U.S. fractional aircraft operator implement FOQA program, which uses flight recorder data to improve safety.
The court "invalidated the more than $500 million of assessments, penalties and interest the IRS was attempting to collect from NetJets."
Fraudulent charters, nonexistent airplanes and thousands of dollars of absconded funds serve as a warning to watch out for potential scammers.
It experienced a 25-percent surge in year-over-year sales, to $214 million, and the $178 million in revenues for the year was a 17-percent bump over 2013.
Company says “adapting the traditional brokerage model” with new web technology willl “enhance our customers’ experience.”
Document addresses contract language, payments, agency relationships, waivers of subrogation, flight irregularities and cancellation, among other things.
The private aviation membership program is set to firm up options for more aircraft in the next few months.
Charter portal Avinode serves the needs of charter operators and brokers, but not buyers of charter services.
Company plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments.
Santa Ana, Calif.-based STAjets is one of only 125 Platinum safety-rated aircraft charter operators.