Charter and Fractional » Fractional

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

July 23, 2007 - 10:37am

Aviation One, now based at Plymouth (Mass.) Municipal Airport (PYM), offers fractional leases on a CitationJet and a Piper Seneca V piston twin. Founded in 1997, Aviation One plans to provide low-cost regional transportation for clients whose needs include both jet travel and relatively short-range trips that are more economically feasible in the Seneca.

July 23, 2007 - 10:20am

Fractional-ownership provider NetJets has placed an order for 50 AirCell ST 3100 Iridium satellite communication systems for its growing fleet of Raytheon Hawker 400XP light business jets.
The satellite phone systems will be installed at Raytheon Aircraft Services in San Antonio before aircraft delivery. A spokeswoman for Woodbridge, N.J.-based NetJets said the fractional operator expects the first 400XP delivery this month.

July 23, 2007 - 10:04am

Fractional ownership operator CitationShares has officially launched its Vector JetCard program, allowing individuals and companies to pre-pay for 25 hours of private flight time on CitationShares-operated aircraft.

July 18, 2007 - 10:09am

Late last month, Cleveland-based Flight Options confirmed speculation that it was starting a jet-card program when it unveiled JetPass. The 25-hour jet cards are available for either the Beechjet 400A, Hawker 800XP or “large-cabin aircraft” (the Challenger 601, Embraer Legacy or Gulfstream IV), with respective up-front costs of $99,900, $149,900 and $249,900 (federal excise tax not included).

July 2, 2007 - 9:29am

NetJets put some more distance between itself and mere market mortals at the Paris Air Show last month with an order for 96 new Cessna Citations valued at more than $1 billion.

May 22, 2007 - 11:29am

Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft announced its first fleet sale yesterday at EBACE.

May 10, 2007 - 12:15pm

The Brotherhood of Teamsters, Local 1108, which represents pilots for fractional provider Flight Options, said this week that some pilots were fired for their inability to receive Canpass authorization. According to the union, Flight Options management recently fired or otherwise forced out approximately six pilots over what it said amounted to simple traffic violations.

May 9, 2007 - 8:53am

Back in 2001, NetJets Europe might have considered a shortage of suitably qualified pilots to be a nice problem to face. At the time, the industry’s fractional ownership leader had no more than 80 clients in Europe–five years after having imported the concept from the U.S.

April 25, 2007 - 9:36am

Breaking from its single-airplane fleet of Piaggio Avanti twin turboprops, Fairfield, N.J.-based fractional provider Avantair has added two new Beechcraft Premier I light jets as core airplanes. Avantair CEO Steven Santo told AIN that the jets were added since his company has been unable to add Avantis fast enough as core airplanes.

April 19, 2007 - 6:53am

It appears that the informational picketing by NetJets pilots, who are represented by the International Brotherhood of Teamsters Local 1108, is having the desired effect of putting pressure on company management to finally hammer out a new contract with the pilot workforce.

 
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