When TAG Aviation took over Aeroleasing in Switzerland and Aviation Methods in California, and finally Wayfarer Aviation on the East Coast, all in 1998 and 1999, the aim was to set up an operation that would be active in all major markets.
Deliveries of new business jets continue to grow despite the slow economy and, according to Honeywell’s 10th annual business aviation outlook, the market will remain healthy in the near term with purchase expectations up in all regions.
“Both the postponement of the 54th Annual Meeting and Convention and its re-scheduling for December were in response to the needs of our members,” Jack Olcott, NBAA president, told AIN.
“We oppose this proposal in every part and recommend that it be withdrawn.” This was the terse comment from fractional pilot Thomas Gasta to the FAA’s proposed regulations covering fractional aircraft ownership. The proposal, whose comment period is closed now, received more than 200 responses. The vast majority of the responses supported the notice of proposed rulemaking (NPRM) in its entirety or with minor suggested changes.
While few seemed quite sure what to expect from the postponed NBAA Convention, those who made the trip to New Orleans last month generally expressed satisfaction with the number of attendees and the atmosphere of the show overall. The rescheduled event was held December 12 to 14 inside the Ernest N. Morial Convention Center as the rest of the city was launching into its unique brand of holiday revelry.
Thanks to a group of academic economists from Harvard and Stanford, we now know that the U.S. economy has been in a recession since last March. But despite academia’s confirmation of what most of us had already figured out on our own, the World Wide Web–and by extension the e-commerce business model–is not on the verge of extinction.
It was a challenge. A big one, admittedly, but as Stuart Oran discovered, much bigger than originally envisioned.
Marc Fruchter, 55, who started Fruchter Aviation in 1982 and built it into one of the largest FBOs at Reading Regional (Pa.) Airport, is selling the business to company president Jeffrey Alderfer. Fruchter was in the forefront of the controversy between charter operators and fractional providers even before he became a member of the Fractional Ownership Aviation Rulemaking Committee.
Avolar, the budding stand-alone fractional business jet division of UAL Corp., stepped up its launch effort last month with a pair of new aircraft orders–despite a current economy that has other fractional providers turning to new marketing tactics. To boot, the Avolar business plan is ahead of schedule. Avolar president Stuart Oran said at the NBAA Convention in New Orleans last month, “We are now operational.
Embraer has taken a new firm order for a pair of Phenom 300s from Executive AirShare, effectively doubling the number of airplanes on firm order from the Kansas City, Missouri-based fractional ownership company. Executive AirShare also holds options on another four of the type, as well as firm orders for 10 Phenom 100s along with options on another 10. The company expects to start taking deliveries in 2010.