Fractional Jets

April 25, 2008 - 7:16am

The zero-based budgeting of the 1970s has transformed this year into ground-zero-based budgeting. When aviation faces economic crisis, it returns to basics–productivity, time saving and security. These core values of business aircraft remain the bedrock. All else is changeable.

April 21, 2008 - 6:45am

CESSNA CITATION 560, LEAKEY, TEXAS, MAY 2, 2002–The first fractional jet to be destroyed yielded no injury to passengers or pilots. A NetJets Citation 560 overran the runway after landing on Runway 15 at the Real County Airport (49R) some 40 miles southwest of Kerrville. Safety Board investigators are looking into the circumstances surrounding the failed stop.

April 14, 2008 - 9:59am

New York City-based ShAirForce LLC continues to move forward with its plan to become the world’s first fractional operator to offer its clients premium-class-only aircraft with daily nonstop service between high-demand domestic and international city pairs. The company recently released its Web site address (www.ShAirForce.com) and toll-free number, (866) Go-ShAir.

March 25, 2008 - 8:55am

Marquis, the U.S.-based remarketer of Executive Jet’s NetJets fractional-ownership shares, has opened a European sister company. London-based Marquis Jet Partners is selling 25-flight-hour packages for the four aircraft types in the NetJets Europe fleet, namely the Citation Bravo, Citation Excel, Hawker 800XP and Falcon 2000.

March 25, 2008 - 7:01am

Cessna Caravan dealer J.A. Aero and charter/management company Planemasters at Chicago’s Dupage Airport have started selling shares in a Cessna Grand Caravan fractional aircraft ownership program called CaravanShares. The program is intended to serve owners needing to travel within a 500-mi radius of Chicago, but there is no limit to distance or even occupied hours, according to CaravanShares managing partner Rick Milburn.

March 19, 2008 - 6:21am

Don’t expect an economic miracle from the business aviation marketplace over the next decade. Honeywell forecasters once again are predicting nothing better than “slow but sustained expansion” through 2013.

February 26, 2008 - 7:18am

“I started when I was six,” said Michael Scheeringa, when asked how he wound up in aviation. “I grew up in Phoenix, and when I was in grade school, I used to take the city bus to the airport and watch airplanes take off and land, and count passengers. At that point, I thought I’d want to build airports.”

January 17, 2008 - 11:35am

Conceding that the seniority system put in place late last year following the merger of fractional aircraft ownership companies Travel Air and Flight Options is “unfair,” new Flight Options chairman and CEO John Nahill said he is looking at recommendations from his pilots for a new, more equitable system.

January 17, 2008 - 11:35am

Conceding that the seniority system put in place late last year following the merger of fractional aircraft ownership companies Travel Air and Flight Options is “unfair,” new Flight Options chairman and CEO John Nahill said he is looking at recommendations from his pilots for a new, more equitable system.

January 16, 2008 - 6:28am

The business-jet fractional-ownership fleet continues to grow at a phenomenal rate and now accounts for more than 60 percent of total industry backlog, reflecting falling orders from traditional customers. The situation leaves major U.S. manufacturers heavily exposed; indeed, so important have fractional sales become that Bombardier, Gulfstream, Cessna and Raytheon are all involved in such programs.

 
X