Charter and Fractional » Fractional

News and issues concerning the fractional-ownership industry and markets, including company announcements, regulations, new developments and labor issues.

July 29, 2011 - 6:05am

CitationAir became the third of the four major jet fractional providers to have a unionized pilot workforce last month, with 52 percent of the more than 350 CitationAir pilots voting in favor of representation. Pilot voting turnout was “high,” International Brotherhood of Teamsters (IBT) 1108 president Mat Slinghof told AIN, and only a simple majority (50 percent plus one vote) was needed for the union to be voted in.

July 28, 2011 - 8:30am

Britain’s Office of Fair Trading (OFT) has said that it will not continue to investigate a complaint made against NetJets Europe because it has insufficient resources to do so.

July 28, 2011 - 5:40am

CitationAir by Cessna added Hawaii to its U.S. service area,making the destination available to all of its customers, including Jet Card, Jet Access, Jet Shares, Jet Management and Corporate Solutions clients. For a guaranteed price, customers have access to an all-inclusive, round-trip service on a Cessna Citation X or equivalent aircraft from San Francisco or Van Nuys, Calif., to approved Hawaiian destinations for up to six passengers.

July 14, 2011 - 11:50am

Flight Options announced yesterday that it entered into a three-year, $167 million financing agreement with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance the fractional jet provider’s order for up to 150 Embraer Phenom 300 light jets.

July 12, 2011 - 11:10am

Flight Options has launched an internal review of a July 1 incident involving one of its Citation Xs that damaged about 30 parked cars at Aspen Pitkin County Airport during a brief full-power ground run-up to address an “anomaly” encountered by the crew just before takeoff. The jet blast blew debris into the parking lot, which was hidden from the crew’s view by a hillside, and caused the damage. No injuries were reported.

July 7, 2011 - 10:30am

Yesterday CitationAir became the third of the four major jet fractional providers to have a unionized pilot workforce, with 52 percent of the more then 350 CitationAir pilots voting in favor of representation. Pilot voting turnout was “high,” International Brotherhood of Teamsters (IBT) 1108 president Mat Slinghof told AIN, and only a simple majority (50 percent plus one vote) was needed for the union to be voted in.

June 9, 2011 - 10:30am

After posting a slight 0.4-percent drop in April, business aircraft flight activity in the U.S. returned to positive territory last month, with a 2.7-percent year-over-year gain as a result of more flying at Part 91 private operators and fractional providers, according to TraqPak data released yesterday by aviation services company Argus.

June 2, 2011 - 10:25am

The International Brotherhood of Teamsters (IBT) and the Local 1108 Executive Board received a letter yesterday from the National Mediation Board (NMB) authorizing a union vote for CitationAir pilots. Voting instructions will be mailed to CitationAir pilots soon, with voting to take place from June 14 to July 6. A simple majority (50 percent plus one vote) is needed for the union to be voted in.

May 24, 2011 - 5:23am

If the business aviation industry is experiencing a recovery, it is by most indications a stumbling affair, with new markets leading the way.

In early May, JPMorgan described business aviation’s progress toward a recovery as “uneven.” In its May Business Jet Monthly report, the firm took note of a “post-recession low” in the inventory of used jets for sale, but also an overall drop in used aircraft prices.

 
X