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Delta AirElite Acquires Segrave Aviation
February 23, 2010
Delta Air Lines subsidiary Delta AirElite Business Jets acquired Kinston, N.C.-based Segrave Aviation last month. Delta AirElite operates the Hawker 400XP and 800, Learjet 60, Challenger 604, GIV and G550; Segrave already operates essentially the same equipment, bringing the combined managed fleet to 45 aircraft and 200 employees.
moreAabar Boosts Its Investment in XOJet
February 22, 2010
Abu Dhabi-based investment firm Aabar Investments is investing a further $20 million in charter provider XOJet. The move came just four months after XOJet secured $470 million in additional funding from a group led by TPG, a Fort Worth-based private equity firm, and Aabar. Meanwhile, Aabar and XOjet said they plan to form a joint venture in the UAE to...
moreAvantair Soars in Frax Market
February 22, 2010
Fractional provider Avantair reported revenues of $35.8 million for its Fiscal Year 2010 second quarter ending December 31. It recorded operating income of $1.4 million versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million. The company said it saw...
moreFractionals stumbled in brutal 2009
February 22, 2010
Data on the U.S. fractional share industry show that last year was extremely challenging for the big four fractional operators–NetJets, Flexjet, Flight Options and CitationAir–and for smaller but healthier Avantair. Near the end of last year, in a financial results statement, Hawker Beechcraft revealed that cancellations of orders by NetJets “represent...
moreAvantair Soars in Difficult Fractional Aircraft Market
February 16, 2010
Fractional provider Avantair reported revenues of $35.8 million for its fiscal year 2010 second quarter, which ended December 31. It recorded operating income of $1.4 million, versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million. Company CEO Steven Santo...
moreU.S. Charter Market Makes Positive Start to 2010
February 09, 2010
Most of the U.S. executive charter sector showed a marked improvement in fortunes last month compared with the same period last year, according to the latest data from online charter booking portal CharterX. Midsize jets showed the strongest improvement–up 22 percent over January 2009, with 16,844 hours flown last month. The light jet sector increased by 5...
moreFlight Options Pilots Finally Have a Tentative Contract
February 04, 2010
International Brotherhood of Teamsters Local 1108, the union for Flight Options’ 500 pilots, this week announced that it reached a tentative agreement for a first contract last Thursday with the Cleveland-based fractional provider. The agreement comes some four years after the union came on the property and, if ratified, will end years of sometimes...
moreJet Aviation U.S. Charter Now Part 135
February 03, 2010
Jet Aviation’s U.S. charter division is now operating under its own Part 135 charter certificate as Jet Aviation Flight Services. Previously, aircraft managed by Jet Aviation in the U.S. were operated under Part 135 rules by a third-party air carrier, which currently is Priester Aviation. Jet Aviation will transition its two managed Gulfstream IVs from...
moreAir Charter Demand Sluggish, Avinode Says
February 02, 2010
Demand for charter flights looks set to fall from the rise enjoyed by the market last month, according to the latest demand index from online charter portal Avinode. As of yesterday, its demand index for the next 30 days showed a fall of just over 50 points from 116.77 on January 1, to 65.00. But the index at the start of this month was slightly up on the...
moreSolairus Launches Program To Help Fund CAN
February 01, 2010
Aircraft charter and management firm Solairus Aviation launched a program to help fund the Corporate Angel Network’s (CAN) continued efforts to provide cancer patients with free flights aboard corporate aircraft to treatment. Under the program, Solairus will support CAN with a cash contribution equal to 1 percent of the first year’s management fees for each...
moreJetBird still in the nest
February 01, 2010
Having delayed its launch for the third time (most recently to December), Ireland-based would-be air-taxi operator JetBird is now publicly no more specific in its planning than to say it will start operations this year. The first aircraft were to have been delivered in September but delays then were attributed to production problems at Embraer. Then, at the...
moreJet Aviation has own charter op with purchase of K Services
February 01, 2010
Jet Aviation has launched its own charter company after purchasing sole-proprietor charter operator K Services and naming the new charter division Jet Aviation Flight Services. Jet Aviation has long planned to open its own charter division, but the FAA rebuffed earlier efforts for unexplained reasons. Jet Aviation met all Department of Transportation rules...
moreACSF publishes five-year review of charter safety
February 01, 2010
The Air Charter Safety Foundation’s (ACSF) recently completed review of Part 135 incidents and accidents examines the safety record of the industry from 2004 to 2008. To compile the data, the foundation combed through the NTSB accident database and separated revenue flights from Part 91 events, including maintenance, ferry, positioning and instruction....
moreAir Partners adds frax to its charter, management business
February 01, 2010
Canadian aircraft management company Air Partners has launched a fractional-share program to capitalize on historically low used aircraft prices. Air Partners is headquartered in Calgary and is a subsidiary of Morgan Air Services, which was founded by WestJet Airlines cofounder Tim Morgan in 1983. In addition to aircraft management, Air Partners offers...
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