NetJets Europe has achieved its goal of reducing flight crew capacity by 60,000 pilot duty days per year in response to declining demand for its fractional ownership and block charter services.
With certification of Embraer’s Phenom 300 expected before year-end, Flight Options released more details about its fractional ownership program for the aircraft in June.
European fractional ownership provider Jet Republic is now trying to sell whole midsize business aircraft. Under its new Free to Fly program announced at the end of June, the company is offering Bombardier Learjet 60XRs for $13.5 million, at what it claims is a discount of more than $1 million off the full list price of $14.6 million.
Even as other well-established and larger fractional ownership operations are quietly laying off employees and reducing aircraft delivery rates in response to the economic crisis, Avantair is hiring and adding to its fleet of 53 Avanti twin turboprops as quickly as Italian manufacturer Piaggio can deliver them.
As the larger fractional ownership operations lay off employees and/or reduce aircraft delivery rates, Clearwater, Fla.-based Avantair is watching its fleet of 53 Avantis and Avanti IIs grow as quickly as Italian manufacturer Piaggio can deliver them, with six more due before year-end.
The new Global Executive Helicopter Network (GEHN) began operations on May 1 as a transatlantic alliance of helicopter charter providers. The program has been launched by Sikorsky’s Associated Aircraft Group (AAG) subsidiary, which operates 10 S-76s in the northeastern U.S.
NetJets Europe has become the first operator permitted to fly the Falcon 7X trijet into London City Airport (LCY), which requires special approval for the downtown airfield’s 5.5-deg steep approach. The fractional ownership provider last year flew nearly 5,000 flights to and from the airport, making London City the fourth most popular destination in the operator’s fleet.
VistaJet is slowing the implementation of its ambitious growth plans in the charter market but insists that its ambition to solidify its position as the number two service provider outside North America still stands. This year the company will take delivery of less than half of the 12 to 14 new aircraft it had been due to take, and it has adjusted its target of having a 100-strong fleet of jets by 2012 operating some 80,000 flight hours.
New European fractional ownership provider Jet Republic says it is capitalizing on the downturn in both air transport and business aviation. The company, which in September is due to take delivery of the first of up to 110 Bombardier Learjet 60XRs for which it has orders and options, said it is receiving more inquiries than it had anticipated from people who previously owned their own aircraft.
A UK-based broker is seeking to capitalize on surplus capacity among Cessna Citation Mustang operators by offering a variety of fractional ownership and per-seat on-demand charter packages in the airplane.