The system developed under the Cape Town Treaty to clarify ownership of aircraft and equipment is being made easier to use. Two years’ customer experience has driven changes aimed at improving International Registry of Mobile Assets (IRMA) processes used in recording individual financial interests.
New York City-based ShAirForce LLC continues to move forward with its plan to become the world’s first fractional operator to offer its clients premium-class-only aircraft with daily nonstop service between high-demand domestic and international city pairs. The company recently released its Web site address (www.ShAirForce.com) and toll-free number, (866) Go-ShAir.
ExecuJet Aviation today launched a new lease-based alternative to fractional ownership, block charter and traditional aircraft management called Simply Fly. Under the plan, the Switzerland-based group will acquire business jets and make them available to individual clients and operate them on a fully turnkey basis, covering crew, insurance, maintenance and handling. Customers will have exclusive use of an aircraft and a dedicated crew.
A law recently approved by the California State Assembly would assess all fractional ownership flights in the state with personal property taxes, according to the National Air Transportation Association (NATA). The legislation stipulates that all flights operated under a fractional ownership program in California would be subject to the property taxes of the county in which the operation occurs.
According to the National Air Transportation Association (NATA), a law recently approved by the California State Assembly would assess all fractional ownership flights in the state with personal property taxes.
Users of business-aircraft charter who prefer to purchase travel in advance now have another option that the service’s provider claims is different from other products. Under a program introduced early last month, global charter broker Air Partner is offering its new Jet Membership card program as an alternative to the group’s long-established classic charter operation.
Fractional operator Flight Options has expanded into the realm of aircraft management.
UK charter operator LyddAir has launched its own fractional ownership program, offering shares in a variety of pre-owned twin-engine piston and turboprop airplanes. Initially, the company is offering shares in a pair of Piper Chieftains and a Beech Baron B58, but it is preparing to add a King Air 200 to the fleet.
JetFly, a Luxembourg-based company set up in 1999, is offering fractional ownerships in single-engine turboprop aircraft.
In a business world where a niche market may be the key to success, PlaneSense has apparently found both niche and success, operating a fractional ownership fleet composed solely of PC-12 turboprop singles and serving the U.S. Eastern Seaboard.