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| Charters and Fractionals |
DayJet Scales Back after Failed Capital Infusion
May 06, 2008
Eclipse 500 air-taxi operator DayJet has “reduced its employee base across most areas of its business,” according to president and CEO Ed Iacobucci in a statement released earlier this afternoon. DayJet hoped to raise another $40 million of operating capital in the first quarter of this year, he wrote, “but suffice it to say that given the current state of...
moreFlight Options Pilot Union Seeks Mediation
May 06, 2008
On behalf of the approximately 575 Flight Options pilots, the International Brotherhood of Teamsters Local 1108 last week filed for mediation with the National Mediation Board (NMB), saying that contract negotiations between the pilot group and the fractional provider’s management team have “broken down.” Negotiations on the initial work contract between...
moreNetJets pilots seek independent union
May 01, 2008
The “Strong Union” leaders who helped NetJets pilots obtain an industry-leading contract three years ago resigned from the local representing the fractional pilots– IBT Local 1108–in mid-March in the wake of “a resurgent decertification movement” being led by a group called the NetJets Association of Shared Aircraft Pilots (NJASAP). This move harks back to...
moreRicci returns to Flight Options
May 01, 2008
Two new companies have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings. Both Kenn Ricci, principal for Directional...
moreNetJets To Remain in Columbus, Ohio
May 01, 2008
NetJets will remain in Columbus, Ohio, despite fierce competition from cities such as Raleigh, N.C.; Orlando, Fla.; and Fort Worth, Texas. CEO Richard Santulli said the fractional provider will create a $200 million campus that will include a new FlightSafety training facility and will more than double the size of NetJets’ current facility. Santulli expects...
moreFormer JetBlue Execs Embrace Bizav
May 01, 2008
A group of former JetBlue executives has launched a new charter operation designed around the Phenom 100. The company, JetSuite, has placed an order for 100 aircraft–50 firm and 50 options–and plans to lease the aircraft to customers. First deliveries are expected next April. The company has also applied for a Part 135 certificate and plans to launch...
moreFormer JetBlue Execs Embrace Business Aviation
April 24, 2008
A group of former JetBlue executives this week launched an operation designed around the Embraer Phenom 100. The company, JetSuite, placed a firm order for 50 of the very light jets with options for 50 more, and it plans to lease the aircraft to customers. First deliveries are expected in April next year. The company also applied for a Part 135 certificate...
moreFlight Options Founder Ricci Returns to Company
April 22, 2008
Two new investors have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings. Both Kenn Ricci, principal for Directional...
moreAir Charter Safety Foundation Lauds 2007 Safety Record
April 17, 2008
The Air Charter Safety Foundation (ACSF) has already reviewed the 2007 preliminary aviation safety statistics released yesterday by the NTSB and found that the data reveals there were no fatal passenger-carrying accidents involving jets flown by on-demand air charter operators or fractional providers. “This is particularly important news for those in the...
moreFlight Options Teams with Starlink on Canadian Venture
April 08, 2008
Fractional provider Flight Options of Cleveland and charter firm Starlink Aviation of Montreal yesterday announced an international partnership to form Flight Options Canada. The agreement will offer seamless “private jet travel products and an expanded network of private travel facilities and services on both sides of the border,” the companies said. For...
moreWyvern Debuts Online Charter Safety Compliance Program
April 08, 2008
Wyvern is taking charter aircraft safety compliance to the next level with the introduction of the Pilot & Aircraft Safety Survey (Pass) program, which provides real-time due diligence on a charter operator, aircraft and pilots assigned to a given trip. The pilot check verifies that the assigned pilots are properly type-rated, have met flight-time...
moreOperator gives helo fractional a ‘Whirl’
April 01, 2008
With the successes of the fractional model for business jet ownership, it was perhaps only a matter of time before a national fractional helicopter operation developed. Woodstock, Ga.-based Whirl Helicopters is basing its planned operation on the four-seat Robinson R44. Starting modestly, Whirl’s founders, Kenneth Starnes and Brad Barnett, currently own one...
moreExecuJet Opens New Bases in Europe and Asia
April 01, 2008
In July ExecuJet Aviation will open a new base for its charter and management clients at London City Airport. It is also preparing to establish a new UK sales and operations subsidiary in the nearby Canary Wharf financial center under the leadership of the firm’s newly appointed executive director for group sales, Andrew Hoy, who was formerly with...
moreExecuJet targets NetJets owners
April 01, 2008
ExecuJet Aviation has launched a new lease-based alternative to fractional ownership, block charter and traditional aircraft management. Simply Fly will see the Swiss group acquiring business jets, making them available to individual clients and operating them on a fully turnkey basis, covering crew, insurance, maintenance and handling. Customers will have...
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