Charter and Fractional » Fractional

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

November 13, 2012 - 3:20pm

St. Petersburg, Fla.-based fractional provider Avantair restarted operations on Friday following a nearly three-week voluntary grounding of its approximately 60 Piaggio Avantis. “We’re back and flying, and are covering all our trips now,” Avantair CEO Steve Santo told AIN yesterday.

November 8, 2012 - 3:04pm

NetJets opened a new exclusive-use facility for its customers at Atlanta DeKalb-Peachtree Airport yesterday. The fractional aircraft provider has signed a long-term lease with Atlantic Aviation for the 2,800-sq-ft facility, which includes customer and crew lounges, a conference and business center and flight-planning facilities. According to NetJets, DeKalb-Peachtree is one of its most popular domestic destinations, with approximately 4,000 NetJets flights coming in and out of the airport annually.

November 2, 2012 - 3:50am

NetJets Europe is betting on large-cabin, long-range operations as demand for light to midsize jets remains flat and is preparing to receive its first Bombardier Global 6000. Delivery is scheduled to take place by year-end, with commercial operations starting February 1.

November 2, 2012 - 3:50am
NetJets Europe Global 6000 interior.

NetJets Europe is betting on large-cabin, long-range operations as demand for light to midsize jets remains flat and is preparing to receive its first Bombardier Global 6000. Delivery is scheduled to take place by year-end, with commercial operations starting February 1.

October 29, 2012 - 6:40pm
NetJets chairman and CEO Jordan Hansell and Bombardier Business Aircraft president Steve Ridolfi

NetJets unveiled its new Bombardier Global 6000 at the NBAA show static display on Sunday. The fractional ownership giant has spent 18 months developing the Signature Series cabin interior for the large cabin aircraft and will also roll out the new design to other new members of its fleet, including the Challenger 605 and 300 models.

October 29, 2012 - 3:15pm

NetJets unveiled its new Bombardier Global 6000 at the NBAA show static display last night. The fractional ownership giant has spent 18 months developing the Signature Series cabin interior for the large-cabin aircraft and will also roll out the new design to other new members of its fleet, including the Challenger 300 and 605. The aircraft is part of the 50-ship firm order for Global business jets placed by NetJets in March last year, along with options for 70 more.

October 29, 2012 - 3:00pm

Fractional provider Avantair continues to stand down operations and has retained safety expert Nick Sabatini to help complete a thorough examination of its fleet of about 60 Piaggio Avantis, including a comprehensive review of records and supporting maintenance documentation. It has also furloughed all of its pilots and operations staff.

October 25, 2012 - 3:12pm

The voluntary fleet grounding at Avantair apparently is continuing into its sixth day. Avantair told AIN earlier this week that it stood down its entire fleet of about 60 Piaggio Avantis on Saturday to conduct safety checks. According to sources, the action was prompted by a July 28 incident in which an Avantair Avanti shed an elevator in flight.

October 23, 2012 - 3:45pm

On Saturday, fractional provider Avantair grounded its entire fleet of about 60 Piaggio Avanti twin turboprops to conduct “a comprehensive examination of all maintenance records and aircraft.”

October 23, 2012 - 3:20pm

Deanna White was named president of Bombardier Flexjet yesterday, following the retirement of Fred Reid, who has been at the helm of the fractional provider since August 2008. The appointment was made “effective immediately,” suggesting the change was sudden. White joined Flexjet in 2005 as the finance director and most recently served as the company’s vice president of finance. “Deanna possesses a passion for driving strategic change and implementing business plans that support the organization’s long-term strategies,” said Bombardier president and CEO Pierre Beaudoin.

 
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