Charter and Fractional » Charter

News and issues concerning the aviation charter industry and markets, including company announcements, regulations, new developments and labor issues.

October 1, 2007 - 10:00am

Ceres Group of Davidson, N.C., has announced CopterShares, a by-the-hour helicopter membership program. Flight time will be sold in increments of 25 hours and membership will include an annual maintenance and service fee. Ceres Group president Joseph DePaulis expects clients to include banks, corporations, race teams and drivers. Ceres plans to start operating the service with two Eurocopter EC 120s in the first of quarter next year.

September 26, 2007 - 11:24am

Cirrus SR-22 and soon-to-be Eclipse 500 charter operator ImagineAir, based at Gwinnett County Airport/ Briscoe Field in Georgia, announced the signing of an agreement with RockBridge Capital Partners of Columbus, Ohio, a specialty investment banking firm, to raise $18.2 million for the acquisition of up to 24 aircraft.

September 26, 2007 - 11:03am

Pogo Jet clarified plans to launch a charter service using Eclipse 500 very light jets in a registration statement for an initial public offering (IPO) submitted to the Securities and Exchange Commission. In a Form S-1 filed on September 13, the company revealed many more details about its planned charter operation and outlined the risks that it faces in trying to get the service off the ground.

September 26, 2007 - 10:34am

AMI Jet Charter CEO Charles McLaren confirmed to AIN that TAG Holdings might be interested in selling some of its stake in the charter company. TAG Holdings, based

September 26, 2007 - 9:37am

Benjamin Murray has a vision for the future of Executive Jet Management (Booth No. 1023). As the newly appointed president and CEO, he would like to see the fleet size double to more than 200 airplanes over the next two years and expand the company to include a high-end boutique Part 91 aircraft management business.

September 26, 2007 - 9:29am

NetJets Europe is building carbon-offsetting costs into its fractional ownership prices in a bid to become a carbon-neutral operation by 2012. Beginning October 1, all new clients and existing clients who renew their contracts will purchase carbon credits that cancel out the carbon produced when they take flights. Current customers will be asked to sign up for the program voluntarily as part of their existing contracts.

September 25, 2007 - 10:45am

TAG Aviation USA’s charter brokerage volume is up more than 10 percent over the past year, according to Paul Class, the company’s vice president of charter sales. “The challenge in 2007,” he said, “has been to find aircraft matching our clients’ charter requirements.”

September 25, 2007 - 10:26am

Melbourne, Fla.-based CharterMatrix has targeted the empty-leg market with the launch of its updated Web site, which includes a map-search function, request board and interaction with the flight planning Web site FlightOps1.com.

The color-coded map-search function of CharterMatrix.com allows users to select a region and view all empty-leg charter flights available in the selected area.

September 24, 2007 - 4:31pm

XOJet yesterday announced a $600 million order for 30 Citation Xs in an agreement with Cessna that will increase the charter operator’s fleet of the speedy business jets from 12 to 47 over the next three years.

XOJet’s growing Citation X fleet will increase to 17 airplanes by the end of the year. The first deliveries from the new order will start next year and continue through the end of 2010.

September 24, 2007 - 3:22pm

New York-based ExcelAire (Booth No. 405) announced it has added three Gulfstreams to its fleet, bringing the total number of aircraft it operates to 18. The company will be adding a Gulfstream GIII, G450 and GV to the fleet, as well, which includes a Bombardier Global Express, five GIIIs, a GIV-SP, two Embraer Legacy 600s and a number of Hawkers and Learjets.

 
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