Charter and Fractional » Fractional

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

December 18, 2006 - 12:36pm

Bombardier guarantees its Skyjet International block charter customers availability of a specified type of business aircraft (or a superior model) if a booking is made by 4 p.m. on the day before the required departure date. The company’s ability to deliver on this guarantee depends on its being able to coordinate the charter capacity of Skyjet partner operators worldwide, including some 30 in Europe and 20 in the Middle East and Asia.

December 13, 2006 - 12:22pm

Fractional ownership operator NetJets has increased its flights to Le Bourget airport by 70 percent since the last Paris Air Show in 2003, the U.S.-based company announced here on Monday. NetJets figures show a jump from 1,400 movements over the five first months of 2003 to 2,400 movements over the equivalent period this year.

December 6, 2006 - 1:02pm

The idea of aircraft fractional ownership took some time to germinate in the Middle East. But the seed NetJets Middle East planted in 1999 has now started to bear fruit, according to company president Mohammed Al-Zeer. “Our biggest challenge at this point is to add aircraft quickly enough to meet demand,” he told Aviation International News.

December 5, 2006 - 5:02am
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NetJets Europe pilots are preparing to establish trade union representation at the fractional ownership company. According to Teamsters union officials, a group of the European pilots is now evaluating four possible options for union representation and it expects to launch the new organization by year-end.

November 29, 2006 - 5:35am

NetJets Europe’s plan to take delivery of 30 new aircraft this year requires the addition of 130 to 140 pilots, said William Kelly, who just last month took over as CEO of NetJets Transportes Aereos (NTA), the operating arm of NetJets Europe. An accountant and lawyer, Kelly joined NetJets Europe in 2002 and worked as its CFO for the last three-and-a-half years.

November 28, 2006 - 11:12am

As the debate within EBAA has raged over the past 12 months, opponents of the IWG-BAO’s recommendations for a European version of the Part 91K rules for fractional ownership have complained that the increased flexibility that these allow would give an unfair competitive advantage.

November 28, 2006 - 11:05am

The leadership of the European Business Aviation Association (EBAA) believes it has now reached a workable consensus on the complex and contentious issue of how to regulate fractional ownership operations. According to EBAA chief executive Brian Humphries, the key to achieving a solution that all parts of the industry can accept is an anticipated breakthrough in getting U.S.

November 28, 2006 - 6:18am

NetJets Europe has bought a pre-owned Raytheon Beech 1900D twin turboprop to ensure timely positioning of flight crews, aircraft technicians and spare parts throughout Europe. Raytheon Airline Aviation Services has laid out the aircraft with a 12-passenger forward cabin and toilet separated by a movable bulkhead from an aft freight compartment that is loaded via a cargo door.

November 15, 2006 - 11:51am

CitationShares launched a program–Citelines–that it says offers “payment predictability, customized program options and cost savings never before seen in the industry.” Citelines’ customers can “save tens of thousands of dollars” by choosing to fly on non-peak days. Under Citelines, owners can choose to fly 365 days, 350 days, 335 days or 320 days a year.

November 15, 2006 - 10:45am

Members of the Teamsters union that represents mechanics, aircraft fuelers and other support personnel conducted what they called "informational picketing" at the NBAA Convention this week and elsewhere against their employer, fractional provider NetJets.

 
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