In last month’s issue of AIN, in Part 1 of the charter/fractional special report, we covered the current state of the charter and fractional share segments, both in the U.S. and worldwide.
Like most of the general aviation industry, the charter and fractional sectors have reported stable activity during the past year, with pockets of growth and decline although the number of charter hours flown so far this year is higher than the number of fractional hours.
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The Latin American Business Aviation Conference & Exhibition in São Paulo last month marked the dawn of fractional jet ownership in Brazil, with two companies launching programs.
Britain’s Office of Fair Trading (OFT) has said that it will not continue to investigate a complaint made against NetJets Europe because it has insufficient resources to do so.
More than four years after some French executive charter operators began voicing concerns about the legality of NetJets Europe’s operations in that country, the trial of the fractional ownership ope
Flight Options launched a new membership program for its Embraer Phenom 300s that combines the advantages of fractional ownership with the flexibility of a jet card. The new Flight Options Jet Club Membership program, which offers members access to the Phenom 300 without the asset purchase or monthly management fees, has two levels: 75 or 150 hours of flight time in the Phenom 300, to be used anytime within the 36-month membership period.
Avantair now offers leasing of fractional shares of Piaggio Avanti turboprops. The new Axis lease program allows buyers to lease a share of a fractional Avanti; this is a true lease, not a block-charter program.
Cleveland-based Flight Options said it saw renewed interest in fractional share and jet card (JetPass) sales during the first quarter, noting that net share sales doubled from a year ago while JetPass sales climbed by 46 percent. Flight Options officials declined to specify the exact number of net fractional shares sold, but did say that first-quarter gross share hour sales grew significantly from 225 hours last year to 1,275 hours this year.
Cleveland-based Flight Options today announced 467-percent and 46-percent year-over-year growth in fractional share and jet card (JetPass) sales, respectively, during the first quarter. In addition, fractional utilization in the quarter climbed by 8 percent from a year ago, while JetPass flight revenue hours rose 35 percent.