Fractional Jets

January 28, 2014 - 2:35pm

Flexjet saw a 60-percent surge in new fractional aircraft sales and a 57-percent jump in jet card sales last month year-over-year, the company announced yesterday. For the entire year, Flexjet’s fractional share sales rose 10 percent, while jet card sales climbed 29 percent over 2012. After 18 years under Bombardier Aerospace’s wing, Flexjet was acquired last month by Directional Aviation Capital.

December 19, 2013 - 2:20pm

Flexjet is offering two limited-time offers–25 Challenger 300 upgrade hours and “60 for 50”–to spur fractional jet ownership sales in its Learjet and Challenger programs. Until December 31, new and existing Flexjet owners purchasing a one-sixteenth share in a Learjet 40XR, 45XR or 60XR will have the opportunity to upgrade 25 of their annual allocated hours, at their same Learjet hourly occupied rate, to a Challenger 300.

October 24, 2013 - 2:10pm

Fractional jet share and charter companies from NetJets to JetSuite to Executive AirShare are choosing to stack their fleets with Cessna Citation jets, large and small, according to Brad Thress, senior vice-president of business jets for Cessna Aircraft Company (Booth No. C8843).

NetJets, the largest Citation Jet operator in the world with 50 Citation Xs in its fleet, is perhaps one of the clearest examples, Thress pointed out. NetJets has 25 Cessna Citation Latitudes on order and options for 125 more, all of which will begin deliveries in 2016.

October 21, 2013 - 12:35pm

The number of fatal accidents in business turbine airplanes worldwide in the first nine months of 2013 showed no improvement when compared with the same period last year, according to preliminary figures compiled by AIN.

October 15, 2013 - 2:15pm

NBAA released its new Federal Excise Taxes Guide late last week, marking the first time the guidelines have been updated since 2005. It is intended to provide business aircraft owners, flight departments and charter operators with a basic understanding of the federal excise taxes (FET) that apply to business aircraft activity.

October 1, 2013 - 6:00am
(Photo: NetJets Signature Series Global 6000)

While the charter industry has seen some changes this year, the fractional-share business is undergoing a wrenching transition, with the shutdown of Avantair and the announced sale of Bombardier’s Flexjet to Flight Options parent Directional Capital.

May 23, 2013 - 3:15pm

According to charter broker Air Partner, Conklin & de Decker released research during EBACE 2013 indicating that the use of charter jet cards is on the rise in Europe. The report assesses the jet card products offered by NetJets Europe (Booth 7011) and Air Partner across six key criteria: accessible service areas; notice period; aircraft choice; pricing; flexibility; and quality assurance, service and safety.

April 17, 2013 - 5:24am

Deer Jet launched the first fractional aircraft program in China yesterday here at ABACE 2013. It is now selling shares in a Gulfstream G450 and a G550, the latter of which is on display this week in the show’s static display.

“As the largest aircraft charter company in Asia and the first to do aircraft management in China, it is our responsibility to create a fractional share product here,” said Hu Lei, general manager of asset management for Deer Jet. “We also believe it is the right time to offer this type of program in China.”

April 16, 2013 - 7:59am

Beijing-based Deer Jet launched the first fractional aircraft program in China today in Shanghai at ABACE 2013. Deer Jet, which has 30 business jets spanning 13 types in its charter and management fleet, is currently selling shares in a Gulfstream G450 and G550, the latter of which it has on static display this week at the show.

The Deer Jet “Time Share” program is customized for the Chinese market and is targeted to customers who fly between 100 and 300 hours per year. There are two distinct products under Time Share: fractional aircraft shares and block charter.

March 26, 2013 - 2:35pm

Bombardier Flexjet appointed Ryan McGinn as sales director for the New York City territory, where he will sell fractional jet ownership, jet cards and charter brokerage services to clients in the area. McGinn comes to Flexjet from a 20-year career at Callaway Golf, where he was the top sales director for the past 10 years. He also has previous experience in the aviation industry through his tenure at America West Airlines, where he served as a customer service representative for three years.

 
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