The positive momentum for business aircraft flying in January apparently didn’t continue into February, with flight activity in this segment falling 4.4 percent year-over-year last month, according to TraqPak data released on Tuesday by aviation services company Argus.
CitationAir
Companies interviewed for this year’s fractional and charter market special report indicate that business is decent, although nowhere near the pre-recession pace of 2005 and 2006. The fractional-share business, at one time assumed by many to be dying or at least permanently flat, is growing, but still at a slow rate.
Bill Schultz, currently executive vice president and COO of CitationAir, will take over as president and CEO of the private air services company as of tomorrow.