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| Charters and Fractionals |
Elite jets fulfills Arabian promise
November 01, 2008
Elite Jets Fulfills Arabian PromiseThe recently forged alliance between Dubai-based Elite Jets and Jet Aviation is a prime illustration of the increasingly global scale of the executive charter business. Elite Jets has been rising fast over the past couple of years, but the tie-up with one of the leading global players in the aircraft charter/management...
moreXOJet chooses new leadership
November 01, 2008
Former airline executive David Siegel has eschewed big iron in favor of business jets, having been named president and CEO of California-based XOJet, a rapidly growing private aviation company.Siegel is the former CEO of Gate Gourmet and US Airways and has been a member of XOJet’s board of directors since last year. Earlier in his career, he served in...
moreSlowing world ecomonies affect international charter operations
November 01, 2008
At face value, the marked decline in leading western European economies would seem to mean an inevitable dip in the fortunes of executive charter operators on that side of the Atlantic. But the actual experience of operators in Europe has been more complex and less predictable–with signs of market fragmentation and, at the same time, massive opportunities...
moreMarket Shifting, Say Top Brokers
November 01, 2008
Leading executive charter brokers arguably offer the best overview of current market conditions because they deal with such a broad spread of operators from different geographical areas and market niches. Given the recent turbulence in financial markets, it was perhaps unsurprising that privately owned Hunt & Palmer was more candid in its assessment of...
moreEuropean start-ups launch VLJ air taxis
November 01, 2008
Blink is stepping up its low-cost European air-taxi network with the introduction of three more Cessna Citation Mustangs due to have entered the fleet around press time. The London-based company has reported high utilization rates for the first aircraft, which entered service in early June, and has said that it is achieving its goal of offering per-seat...
moreRevenues up at Air Partner
November 01, 2008
Charter broker Air Partner has reported strong growth in both sales and profits for its financial year that ended on July 31. Group sales climbed 35 percent, to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent, to £9.2 million ($15.8 million). The London-based public company’s Private Jets division, which now accounts for 23...
moreEAS Acquires FSJet
November 01, 2008
Fractional provider Executive AirShare (EAS) has acquired Fort Worth, Texas-based FSJet, which has an order for 14 Embraer Phenom 100s. Some of these very light jets have been pre-sold and will be managed by Executive Flight Services, which also was recently bought by EAS. The unsold aircraft will be placed in EAS’s fractional ownership program or sold...
moreTAA/VLJ Operators Remain Optimistic
November 01, 2008
Air-taxi operators employing technically advanced aircraft (TAA) and very light jets (VLJs) are upbeat about their futures, even in the face of DayJet’s demise. Speaking at a TAA/VLJ Air Taxi conference during the NBAA Convention last month, Air Taxi Association president Joe Leader said that worldwide demand is increasing for air taxis, which he defined as...
moreSwiftJet Orders Five D-Jets
November 01, 2008
SwiftJet, an aspiring air taxi operator in Canada, has placed an order for five single-engine Diamond D-Jets, along with options for 10 more. Deliveries are scheduled to begin in 2010, making SwiftJet the first charter customer in Canada slated to take delivery of a D-Jet.
moreTWC Relocates to Van Nuys
November 01, 2008
Charter/management firm TWC Aviation has moved into its new facility at Van Nuys Airport in southern California. Previously, TWC was headquartered in a 7,000-sq-ft office at Burbank Glendale Pasadena Airport. The new combination hangar/office building includes 18,000 sq ft of office space and a 45,000-sq-ft hangar that can accommodate any size business jet....
moreLawsuit: Halcyon Jets defrauded charter firm
November 01, 2008
Charter broker Jet One Jets is seeking more than $60 million in compensatory and punitive damages from Halcyon Jet Holdings and brokerage firm Halcyon Jets for, it alleges, defrauding the company of its employees and customers. Delaware-based Jet One Group alleges that Halcyon Jets took proprietary information and “embarked upon a disinformation campaign”...
moreEuropean charter operator expands fleet of turboprops
November 01, 2008
Despite its name, Luxembourg-based Jetfly is a fractional ownership aircraft program that uses single-engine turboprops exclusively. This year it has continued to update its Socata TBM 700s with the newest TBM 850s and increased the number of Pilatus PC-12s in its fleet. And next month–for the first time–it will take delivery of a multi-engine airplane, a...
moreJetDirect Sets Up Light Jet/Turboprop Subsidiary
October 28, 2008
Petaluma, Calif.-based Sunset Aviation is now operating as a standalone subsidiary of JetDirect Aviation, which acquired the light jet and turboprop operator last year. JetDirect will continue to offer business support, sales and marketing services, but Sunset will operate as an independent Part 135 air carrier, with Sunset founder Dan Drohan serving as...
moreOurPlane Makes Play for Former DayJet Eclipse 500s
October 23, 2008
London, Ontario-based OurPlane–a fractional provider of “new light aircraft,” including Cirrus SR22 piston singles and one Eclipse 500–today made a bid to purchase the entire fleet of 28 Eclipse 500s formerly operated by DayJet. OurPlane, which also has a separate standing order for 21 Eclipse very light jets, said it submitted a “fair offer reflecting the...
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