Fractional Insider, a six-month-old Dallas company formed to provide assessments and recommend- ations for fractional aircraft owners and potential owners, claims its new share-exchange program can save buyers and sellers hundreds of thousands of dollars in brokerage, remarketing and penalty fees.
Bombardier Flexjet has reduced to 25 the minimum block of flying hours required to join the company’s Jet Membership charter program. The previous minimum was 50 hr. Customers’ cost of enrollment in the 25-hr program will depend on various factors, “most notably their flight profile and the aircraft selected for the trip.” Outside Europe, Jet Membership clients can use their hours for travel in the U.S., company officials said.
Asia is set to get its first full fractional ownership program by year-end. Bangalore, India-based Aviators expects to begin operations with three Cessna Citation Excels and three Pilatus PC-12 turboprop singles during the fourth quarter of this year.
Aviaxess, a company that has been offering helicopter and business jet charter since early 2002, is trying to create a market for FBO-type services at Paris Issy-les-Moulineaux Heliport. The firm focuses on selling 25-hour blocks of charter that can be used in a number of European locations, either on helicopters or business airplanes. Aviaxess is also a sales representative for Bombardier’s Flexjet fractional ownership program.
The maintenance division of Denmark-based ExecuJet Scandinavia has received JAR 145 approval, enabling the company to service aircraft registered to any nation in the European Union. From its base at Copenhagen’s Roskilde Airport, ExecuJet Scandinavia is the operating partner for Bombardier’s Flexjet Europe fractional aircraft ownership program. It is part of the Johannesburg, South Africa-based ExecuJet Aviation Group.
For the past four years, Bombardier designers have worked on a variety of design concepts for new airplanes. One result of those efforts–the Learjet NXT–was announced on October 30. The airplane will be the largest in the Learjet line and fills a niche between the midsize Learjet 60XR and the super-midsize Challenger 300.
Bombardier Aerospace consolidated its U.S. sales efforts for new and used aircraft with its Flexjet fractional-ownership program at a new headquarters building in Richardson, Texas, near Dallas. The new sales office is near Dallas/Fort Worth International Airport and Love Field, where Bombardier aircraft pilot and maintenance training is conducted and where there is a factory service center.
When Richard Santulli sold three fractional shares in a business aircraft in 1986, people snickered. Ten years later, NetJets had sold 1,551 shares and Santulli was the one left laughing. Today, NetJets has company in the fractional-ownership industry, an industry that now represents 5,827 fractional shares. Even with the current economic slump, last year’s new share sales were up by 17 percent over the tally for 2001.
Marking the first anniversary of the launch of its Hong Kong-based business aircraft charter network last month, Bombardier Flexjet Asia-Pacific believes it is the first in a market expected to skyrocket. “We think we have a winning program here,” said Flexjet Asia-Pacific general manager Gregory Kalinin.
Bombardier Aerospace promoted Michael McQuay to president of its Flexjet fractional operation headquartered in Dallas. McQuay, who joined Bombardier in 2001 as v-p and general manager of Flexjet North America, will be responsible for both Flexjet and the Skyjet North America online charter booking operation.