Charter and Fractional » Fractional

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

September 13, 2007 - 11:36am

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

September 11, 2007 - 11:17am

Mark Wilson, chief executive of the British Business and General Aviation Association (BBGA), plans to leave the organization in mid-October to take a new position as director of regulatory affairs with NetJets Europe. Wilson joined the General Aviation Manufacturers and Traders Association in 2003 and led its merger with the UK’s Business Aircraft Users Association to create BBGA.

September 11, 2007 - 11:14am

Al Pod, former president and CEO of NetJets subsidiary Executive Jet Management, has been tapped to conduct an examination of opportunities for NetJets fractional share operations in China. “We have looked at China in the past,” NetJets president Jim Christiansen told AIN, “and until now we had felt that we weren’t ready or perhaps China wasn’t ready.” Pod will lead the six-month study.

August 30, 2007 - 5:58am

Executive aircraft operator PrivatAir is preparing for a full launch of its Select Membership block charter program later this year in the U.S. and expects to extend it to European customers early next year. The Swiss-based company has been quietly offering Select Membership to some clients in the U.S. over the past two years and has used the time to refine its pricing and service structure.

August 29, 2007 - 10:47am

Fractional operator Avantair, which flies the P180 Avanti II exclusively, said last month that it is partnering with carbon offset company TerraPass. Per the agreement, TerraPass will fund environmentally friendly energy projects such as wind energy and biomass (methane as an energy source) with carbon offset payments from Avantair. The operator claims to be the first fractional to offer such a program.

August 1, 2007 - 7:13am

JetDirect has expanded its fleet to more than 130 aircraft and increased its regional operating bases to nine with the acquisition of Sunset Aviation, a Northern California charter operator. The 25 new aircraft are based at Novato, Santa Rosa, Concord, Sacramento, Napa and Herber City airports.

July 30, 2007 - 12:21pm

Fractional operator Flight Options has expanded into the realm of aircraft management.

July 26, 2007 - 11:50am

UK charter operator LyddAir has launched its own fractional ownership program, offering shares in a variety of pre-owned twin-engine piston and turboprop airplanes. Initially, the company is offering shares in a pair of Piper Chieftains and a Beech Baron B58, but it is preparing to add a King Air 200 to the fleet.

July 25, 2007 - 6:46am

Most of the fractional executives interviewed for this article were not optimistic that very light jets (VLJs) will enter the fractional fleet.

July 24, 2007 - 6:39am

Thirty years ago, most people would have dismissed anyone who said they’d eventually make money by selling bottled water, especially since tap water was, and still is, plentiful and nearly free. But since then, a lot of people have actually traded tap water for bottled water, resulting in skyrocketing sales of the clear liquid in plastic bottles.

 
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