Fractional Insider, a six-month-old Dallas company formed to provide assessments and recommend- ations for fractional aircraft owners and potential owners, claims its new share-exchange program can save buyers and sellers hundreds of thousands of dollars in brokerage, remarketing and penalty fees.
Asia is set to get its first full fractional ownership program by year-end. Bangalore, India-based Aviators expects to begin operations with three Cessna Citation Excels and three Pilatus PC-12 turboprop singles during the fourth quarter of this year.
The NetJets Aviation (NJA) pilots, represented by IBT Local 1108, are currently voting on an “interest-based bargaining” proposal that was struck between management and pilot representatives last month.
Jim Christiansen, 54, is leaving charter/management/fractional ownership provider TAG Aviation USA after managing its integration with Wayfarer Aviation over the last two years. The business aviation veteran, chairman of the Fractional Ownership Aviation Rulemaking Committee (FOARC) and former president of Wayfarer, was named executive v-p and COO of TAG Aviation USA when the merger was completed in late 1999.
Component repair company Heico Corp. of Hollywood, Fla., will expand its services in the repair of avionics and other instruments as a result of purchasing Cleveland-based Inertial Airline Services (IAS) from fractional aircraft ownership operator Flight Options. Heico said it plans to keep IAS management intact and retain its location in Cleveland. Flight Options now operates 88 airplanes for more than 700 owners.
The maintenance division of Denmark-based ExecuJet Scandinavia has received JAR 145 approval, enabling the company to service aircraft registered to any nation in the European Union. From its base at Copenhagen’s Roskilde Airport, ExecuJet Scandinavia is the operating partner for Bombardier’s Flexjet Europe fractional aircraft ownership program. It is part of the Johannesburg, South Africa-based ExecuJet Aviation Group.
Democracy is messy. We Americans know this all too well, but we accept it as better than the alternatives.
Light aircraft fractional provider OurPlane last month took delivery of the first Eclipse 500 that will be operated under Part 91K fractional aircraft ownership rules. The very light jet (VLJ), Eclipse 500 S/N 066, is based at SheltAir at Jacksonville International Airport for a corporate customer. According to OurPlane, the event marks the launch of the company’s nationwide fractional VLJ aircraft service.
Light aircraft fractional provider OurPlane last week took delivery of the first Eclipse 500 that will be operated under Part 91K fractional aircraft ownership rules. The very light jet, Eclipse 500 S/N 066, is based at SheltAir at Jacksonville International Airport for a corporate customer. According to OurPlane, this event marks the launch of the company’s nationwide fractional VLJ aircraft service.
As a group, the four largest fractional operators reported pilot hiring activity significantly off from what it was a year ago, according to AIR Inc., the Atlanta firm that tracks the aviation job market. In the first nine months of this year, AIR Inc. said NetJets, Flight Options, CitationShares and Flexjet hired a total of just 148 pilots compared with 997 in the same period last year.