Fractional ownership

September 11, 2007 - 11:17am

Mark Wilson, chief executive of the British Business and General Aviation Association (BBGA), plans to leave the organization in mid-October to take 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.

September 11, 2007 - 11:14am

Al Pod, former president and CEO of NetJets subsidiary Executive Jet Management, has been tapped to conduct an examination of opportunities for NetJets fractional share operations in China. “We have looked at China in the past,” NetJets president Jim Christiansen told AIN, “and until now we had felt that we weren’t ready or perhaps China wasn’t ready.” Pod will lead the six-month study.

August 24, 2007 - 11:34am

While debate over the future of the war in Iraq rages among Congress, the White House and the populace, several organizations and individuals in the business aviation industry have been quietly providing support to servicemen wounded in the conflict. One major effort involves Richard Santulli, creator of the fractional ownership business model and the chairman and CEO of industry leader NetJets.

July 30, 2007 - 12:21pm

Fractional operator Flight Options has expanded into the realm of aircraft management.

July 26, 2007 - 11:50am

UK charter operator LyddAir has launched its own fractional ownership program, offering shares in a variety of pre-owned twin-engine piston and turboprop airplanes. Initially, the company is offering shares in a pair of Piper Chieftains and a Beech Baron B58, but it is preparing to add a King Air 200 to the fleet.

July 24, 2007 - 6:39am

Thirty years ago, most people would have dismissed anyone who said they’d eventually make money by selling bottled water, especially since tap water was, and still is, plentiful and nearly free. But since then, a lot of people have actually traded tap water for bottled water, resulting in skyrocketing sales of the clear liquid in plastic bottles.

July 23, 2007 - 10:04am

Fractional ownership operator CitationShares has officially launched its Vector JetCard program, allowing individuals and companies to pre-pay for 25 hours of private flight time on CitationShares-operated aircraft.

July 18, 2007 - 11:29am

Although foreign operators are unhappy over the complications they face in obtaining clearances to fly non-U.S.-registered into the U.S., in general the post-9/11 security rules are not insurmountable.

May 22, 2007 - 9:28pm

At the Embraer booth (No. 7510) yesterday, fractional operator Executive AirShare announced an order for seven Phenom 100 very light jets (VLJs) for delivery in the summer of 2010, with options for seven more. Embraer also revealed that Premier Aviation signed a contract at EBACE for four Phenom 100s that were already included in the Phenom backlog.

May 11, 2007 - 5:58am

JetFly, a Luxembourg-based company set up in 1999, is offering fractional ownerships in single-engine turboprop aircraft.

 
X