Fractional operator Flight Options has expanded into the realm of aircraft management.
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.
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.
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.
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.
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.
JetFly, a Luxembourg-based company set up in 1999, is offering fractional ownerships in single-engine turboprop aircraft.
“Not everyone can or wants to own a private jet, and even the most affordable co-ownership or ad hoc chartering package is not always suitable,” Flying Group president and general manager Bernard Van Milders told EBACE Convention News.
Operators who own a share of a fractional aircraft are to be given the same Cape Town Treaty protection as sole owners have had since March 2006. They are to be included in the International Registry of Mobile Assets (IRMA), which provides a single universal point of reference and record, and was set up under the treaty (which comprises the Cape Town Convention and the related Protocol on Aircraft Assets).
Back in 2001, NetJets Europe might have considered a shortage of suitably qualified pilots to be a nice problem to face. At the time, the industry’s fractional ownership leader had no more than 80 clients in Europe–five years after having imported the concept from the U.S.