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.
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.
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.
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.
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?”
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.
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.
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.
Fractional aircraft provider Bombardier Flexjet has an innovative answer to the question of what to give to someone who already has everything–a jet card, of course.
Against a backdrop of tumbling stock markets and the most serious banking crisis in a century, Jet Republic has launched what it bills as the most direct challenge yet to NetJets’ dominance of the European fractional ownership market. The company has committed to buying as many as 110 Bombardier Learjet 60XRs. The first 25 of these are under firm order, with deliveries due to begin next October, at a rate of about one each month.