Charter and Fractional » Fractional

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

October 11, 2012 - 3:10pm

Despite the outward appearance of growth with the recent announcement about the addition of Bombardier Global 6000s to its fleet, NetJets Europe is seeking further voluntary redundancies from its pilot workforce in response to prolonged softening in demand for fractional shares and jet cards, the company confirmed. It has begun a consultation process with flight crews, repeating an exercise that it embarked on three years ago at the height of the financial crisis.

October 9, 2012 - 4:10pm

NetJets Europe held an event last week in Geneva to introduce the Bombardier Global 6000 as the next type in its fleet. Meanwhile, the fractional operator awaits delivery of its first completed Global 6000 in December and is expecting to start commercial operations with the ultra-long-range jet on February 1.

October 5, 2012 - 4:35am

NetJets is adding in-flight Aircell Internet service to another 100 or so aircraft in its fleet. In 2010 the fractional operator initially opted for Aircell Internet service aboard more than 250 of its jets, and the additional 100 systems will expand NetJets’ connected fleet by about 40 percent. The installation process is already under way at Duncan Aviation, and NetJets expects the entire retrofit program to be completed by mid-2014.

October 2, 2012 - 2:46pm

Bombardier Flexjet is again offering its Flexjet 25 jet card program, which is operated by U.S. air carrier Jet Solutions, for the holiday season. The 25-hour jet card pairs private jet travel with no-extra-cost travel benefits from Executive Golfer, Abercrombie & Kent, Lake Austin Spa Resort, Korean Air and Qatar Airways. The jet cards start at $100,000 and provide access to Flexjet’s Learjet or Challenger fleets, with the cost of each flight deducted from the debit card balance.

September 13, 2012 - 4:18pm

Signature Flight Support and NetJets broke ground today on a 10,000-sq-ft dedicated passenger terminal solely for NetJets customers at Palm Beach International Airport in Florida. The $13 million facility, which will open in the second half of next year, is being developed under a partnership between the FBO chain and fractional provider. Attending the event were Signature and NetJets executives, local elected officials and a half dozen students enrolled in the aviation program at the nearby Boynton Beach Community High School.

September 13, 2012 - 4:00pm

Avantair, the fractional-share operator of a fleet of 56 Piaggio Avanti twin turboprops, has adjusted its payscales to better match the rate of growth of management fees, company CEO Steve Santo told AIN. Management fees generally grow at the rate of the consumer price index (CPI), but raises during certain years were climbing faster than the CPI, making it difficult for Avantair to keep expenses in check.

September 4, 2012 - 3:10pm

Fractional provider Avantair has released “owner portal” applications for iOS, Blackberry and Android devices, allowing customers to book and view scheduled flights via smartphones and tablets. “Our mobile application allows customers more flexibility when traveling. They can now book flights, view their scheduled flights, view peak travel days and even change profile settings online by using mobile devices,” said Avantair CIO David Fitzgerald. “This is essential for our customer base since our clients are constantly on the go.”

August 30, 2012 - 4:02pm

NetJets is adding in-flight Internet service from Aircell to another 100 or so aircraft in its fleet, Aircell announced yesterday. In 2010 the fractional operator initially opted for Aircell Internet service aboard more than 250 of its jets, and the additional 100 systems will expand NetJets’ connected fleet by about 40 percent. The installation process is already under way at Duncan Aviation, and the entire retrofit program is expected to be completed by mid-2014.

August 23, 2012 - 1:25pm

Executive AirShare introduced two new programs today – Launch and Launch Premium–for business jet users “seeking cost-effective alternatives to full ownership.” Both programs are based on a lease structure, according to the company.

August 17, 2012 - 1:25pm
 Avantto fractional

Behind the youthful face and quick smile, 36-year-old Rogério Andrade is an entrepreneur who has already held the position of CEO of a major helicopter operation and is now president of Avantto, a fractional ownership operation that is slightly less than two years out of the blocks and already boasts 350 members and a fleet of 24 jets and 23 helicopters.

 
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