Fractional ownership

January 29, 2009 - 4:08am

Regional fractional share operator Executive AirShare (EAS) announced that it will be selling Phenom 100 shares for $299,500 for a one-sixteenth share with 20 days/50 flight hours per year. Quarter shares cost $1.18 million and include 80 days/200 hours per year.

January 20, 2009 - 9:53am

In a letter sent to all pilots and flight attendants last Wednesday, Flight Options vice president of flight operations Bob Tyler announced furloughs that took effect yesterday “due to reduced demand due to the ongoing national recession.” The furloughs affect 63 crewmembers, including “13 Beechjet PICs, 11 Beechjet SICs, 28 Hawker SICs and 11 Citation X SICs,” according to the letter.

December 30, 2008 - 4:09am

The roll-out of ExecuJet Aviation’s new Simply Fly lease-based alternative to fractional ownership, block charter and traditional aircraft management has been extended and revised to take account of tightening credit conditions in financial markets.

December 30, 2008 - 4:07am

Avantair on December 15 took delivery of its 50th Piaggio Avanti turboprop twin–in line, it said, with Avantair’s steady fleet expansion since it was started in July 2003. At present, Avantair operates the youngest fleet in the fractional aircraft industry, at approximately 3.7 years, according to the JetNet Fractional Ownership and Aircraft Report.

December 29, 2008 - 9:42am

Fractional share operator Flight Options has furloughed more than 100 pilots, according to the International Brotherhood of Teamsters Local 1108, which is in contract negotiations with Flight Options. Some mechanics and operational personnel were also laid off, according to Flight Options.

December 16, 2008 - 11:23am

San Carlos, Calif.-based XOJet has laid off “around 20” pilots and some additional operations and sales staff, according to John Magner, the company’s executive vice president of commercial operations. XOJet is still taking delivery of Challenger 300s and Citation Xs at the rate of about one a month and the company is still closing deals, “but not to the degree we wanted to grow,” he said.

December 1, 2008 - 4:37am

Fractional share operator Flexjet of Dallas has an innovative answer to the perennial holiday season question, “What do you give to someone who has everything?”

November 16, 2008 - 5:35am

Beirut-based ImperialJet plans to add airplanes to its charter and management fleet at an impressive rate in the next six months as the three-year old company seeks to grow its Middle East client base. The firm took delivery recently of two new Learjet 60XR models and plans to add two more 60XRs and three Challenger 850s in the coming months.

November 10, 2008 - 6:19am

You’ve decided to buy a jet. Maybe it was your most recent airline trip from hell that convinced you. Perhaps a growing business commitment increased the need for easy access to locations where even Emirates Airlines doesn’t go. Or maybe you just want the freedom and excitement of private flying and would like to be able to keep your golf clubs on the airplane.

November 10, 2008 - 6:09am

Some say that once you’ve tried business or private aviation you will never want to go back to the airlines. That may well be true, but this very special mode of transportation can still seem quite a strange and confusing choice, especially in parts of the world like here in the Middle East where, until fairly recently, it has been restricted to very small groups of top VVIPs.