Property law

August 14, 2014 - 3:11pm

Avantto is one of Brazil’s most active aircraft management and fractional ownership companies. In addition to its more traditional services, it launched a new Combo program this year under which owners can purchase a share that includes flight time in both a fixed-wing aircraft and a helicopter.

June 12, 2014 - 2:25pm

The San Diego Superior Court in California recently ruled that three airplane hangars purchased and occupied on leased space at San Diego Brown Field are “removable trade fixtures.” As such, the court found that the hangars are the sole property of the tenant, Finch Aerospace, which operates the California Flight Museum. Finch subleased the space for the hangars from FBO Lancair, which argued that its master lease with the city gave it control over its tenants’ hangars. Therefore, it prevented Finch from selling or moving the hangars, a situation that led to the lawsuit.

October 22, 2013 - 3:45am

Unlike real estate lenders, most aircraft lenders don’t require title insurance, so airplane buyers rarely even know about it, let alone purchase it. That can be a big mistake.

September 1, 2013 - 4:45am

Owners of fractional shares in Piaggio Avanti twin turboprops operated by Avantair are trying to take possession of their aircraft in the wake of the August 16 court hearing that put the Clearwater, Fla.-based company into involuntary bankruptcy.

August 11, 2013 - 1:00pm
Agusta 109

Aircraft fractional ownership is a concept that has been slow to take hold in Latin America, most likely the result of an installed business aircraft customer base too small to support such an effort. But it is growing.

One of the more established fractional ownership programs in Latin America is MexJet, a business unit of long-time Mexican aviation services provider Aerolínas Ejecutivas.

July 29, 2013 - 9:10am

The future of Avantair, the operator of Piaggio Avanti fractional ownership, Axis Lease and Edge Card flight access programs, was hanging in the balance at press time as the Clearwater, Fla.-based company urgently sought restructuring options following its June 26 cessation of operations.

July 18, 2013 - 2:00pm

As prospects dim for Avantair, the Clearwater, Fla.-based Piaggio Avanti turboprop fractional ownership program, concerns about its future are taking a back seat to questions about how owners will recover their aircraft. Among recent developments:

April 17, 2013 - 5:24am

Deer Jet launched the first fractional aircraft program in China yesterday here at ABACE 2013. It is now selling shares in a Gulfstream G450 and a G550, the latter of which is on display this week in the show’s static display.

“As the largest aircraft charter company in Asia and the first to do aircraft management in China, it is our responsibility to create a fractional share product here,” said Hu Lei, general manager of asset management for Deer Jet. “We also believe it is the right time to offer this type of program in China.”

December 20, 2012 - 3:00pm

Charter brokering group Air Partner is predicting further “slow but steady recovery” during 2013. However, in a forecast issued yesterday, the UK-based company also said that it expects to see more business failures in the charter market and what it says will be further contraction in fractional ownership.

July 24, 2012 - 1:13pm

Judge Patrick Brady of the Massachusetts Superior Court in Norfolk County last month denied the arguments in a lawsuit by Boston Air Charter (BAC) challenging the rulings made by the town of Norwood and its airport commission.

 
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