OurPlane of London, Ontario, Canada, which has been marketing fractional shares in piston airplanes since 1998, recently introduced fractional programs for the King Air C90B and Pilatus PC-12. The company announced it is teaming with FlightExec to expand the King Air and PC-12 programs in Canada. FlightExec is an aircraft management/charter firm also based in London, Ontario. OurPlane has 15 aircraft at eight locations in North America.
Business aviation continues to be a bright spot in the FAA’s annual aviation forecast, with top executives of two business jet manufacturers and the leading fractional ownership provider presenting generally upbeat assessments at the agency’s Aviation Forecast Conference in Washington, D.C., in late March.
It’s been 21 years since Richard Santulli opened the doors of NetJets, having figured out a way to lower the barriers to entry to business aviation by selling fractional shares in corporate jets. Now all sorts of industries that sell expensive products have latched onto fractional shares; the latest are companies that sell specialized manufacturing equipment to factories that need to switch production lines to new products quickly.
A two-day conference called “The Future of Business Jets” will be staged in Paris on October 16 and 17 with a target audience of operators, brokers, manufacturers, lawyers, consultants and prospective aircraft users.
Mark Wilson, chief executive of the British Business and General Aviation Association (BBGA), is set to leave the organization this month to assume a new position as director of regulatory affairs with NetJets Europe. Wilson joined the General Aviation Manufacturers and Traders Association in 2003 and led its merger with the UK’s Business Aircraft Users Association to create BBGA.
Bombardier released here its first-ever forecast for the business aviation market segments in which it competes, and the Canadian company’s crystal ball is about as rosy as anyone else’s. As far as new products go, Bombardier Aerospace president and COO Pierre Beaudoin said only that “our first priority is the Learjet line.”
For those who gaze into crystal balls and analyze the business jet market, there are heady days in store, according to recent industry prognostications. Honeywell Aerospace’s 21st annual business aviation market forecast predicts the industry can expect short-term record growth and delivery of more than 14,000 new business jets by 2017–numbers that reflect even more optimism than those the company released last year.
Even as Italian manufacturer Piaggio Aero Industries reaps the benefits of a remarkable sales resurgence in the U.S., the company increasingly views its own backyard as fertile soil for future growth.
Fractional-ownership management company OurPlane announced the launch of the first fractional Eclipse 500 VLJ program, based in Jacksonville, Fla.
When Kenny Dichter and a buddy from college first had the idea for Marquis Jet, the travel card program that sells time aboard NetJets business jets in 25-hour increments, “We had a vision that this business could be a very big one,” he said.
But the pair didn’t exactly have aviation flowing in their veins, as they say, making Marquis Jet’s overnight success story all the