Fractional ownership

November 27, 2007 - 6:26am

Democracy is messy. We Americans know this all too well, but we accept it as better than the alternatives.

October 31, 2007 - 11:12am

A law recently approved by the California State Assembly would assess all fractional ownership flights in the state with personal property taxes, according to the National Air Transportation Association (NATA). The legislation stipulates that all flights operated under a fractional ownership program in California would be subject to the property taxes of the county in which the operation occurs.

October 29, 2007 - 6:03am

Waltham, Mass.-based Raytheon is selling Flight Options, its Cleveland-based business aircraft fractional share division. On October 15 the company entered into a definitive agreement to sell the fractional provider to HIG Capital, a Miami-based global private investment firm.

October 25, 2007 - 10:59am

Waltham, Mass.-based Raytheon, during its third-quarter earnings conference this morning, announced its decision to sell Flight Options, its Cleveland-based business aircraft fractional share division. On October 15 the company entered into a definitive agreement to sell the fractional provider to HIG Capital, a Miami-based global private investment firm.

October 16, 2007 - 7:33am

FAR Part 91 Subpart K, which will regulate fractional-ownership operations, has finally moved out of Transportation Department final review and on to the White House Office of Management and Budget (OMB) for final scrutiny.

October 15, 2007 - 11:15am

When Richard Santulli sold three fractional shares in a business aircraft in 1986, people snickered. Ten years later, NetJets had sold 1,551 shares and Santulli was the one left laughing. Today, NetJets has company in the fractional-ownership industry, an industry that now represents 5,827 fractional shares. Even with the current economic slump, last year’s new share sales were up by 17 percent over the tally for 2001.

October 12, 2007 - 10:48am

Sentient, launched four years ago as a business aviation charter broker, is now second only to fractional-ownership giant NetJets in the number of business jet flights flown annually, according to president and CEO Mark Stone.

October 11, 2007 - 5:29am

If anyone went to the General Aviation Manufacturers Association’s annual review and outlook hoping to see light at the end of the economic tunnel, they had to be disappointed. “This may not be the deepest trough in modern times,” said GAMA chairman Bill Boisture, “but it is certainly one of the longest.”

October 9, 2007 - 11:47am

According to the National Air Transportation Association (NATA), a law recently approved by the California State Assembly would assess all fractional ownership flights in the state with personal property taxes.

October 9, 2007 - 11:19am

And you thought the dot.com bubble-burst was bad.

 
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