Signature Flight Support and NetJets broke ground today on a 10,000-sq-ft dedicated passenger terminal solely for NetJets customers at Palm Beach International Airport in Florida. The $13 million facility, which will open in the second half of next year, is being developed under a partnership between the FBO chain and fractional provider. Attending the event were Signature and NetJets executives, local elected officials and a half dozen students enrolled in the aviation program at the nearby Boynton Beach Community High School.
Charter and Fractional » Fractional
News and issues concerning the fractional-ownership industry and markets, including company announcements, regulations, new developments and labor issues.
Avantair, the fractional-share operator of a fleet of 56 Piaggio Avanti twin turboprops, has adjusted its payscales to better match the rate of growth of management fees, company CEO Steve Santo told AIN. Management fees generally grow at the rate of the consumer price index (CPI), but raises during certain years were climbing faster than the CPI, making it difficult for Avantair to keep expenses in check.
Fractional provider Avantair has released “owner portal” applications for iOS, Blackberry and Android devices, allowing customers to book and view scheduled flights via smartphones and tablets. “Our mobile application allows customers more flexibility when traveling. They can now book flights, view their scheduled flights, view peak travel days and even change profile settings online by using mobile devices,” said Avantair CIO David Fitzgerald. “This is essential for our customer base since our clients are constantly on the go.”
NetJets is adding in-flight Internet service from Aircell to another 100 or so aircraft in its fleet, Aircell announced yesterday. In 2010 the fractional operator initially opted for Aircell Internet service aboard more than 250 of its jets, and the additional 100 systems will expand NetJets’ connected fleet by about 40 percent. The installation process is already under way at Duncan Aviation, and the entire retrofit program is expected to be completed by mid-2014.
Executive AirShare introduced two new programs today – Launch and Launch Premium–for business jet users “seeking cost-effective alternatives to full ownership.” Both programs are based on a lease structure, according to the company.
Behind the youthful face and quick smile, 36-year-old Rogério Andrade is an entrepreneur who has already held the position of CEO of a major helicopter operation and is now president of Avantto, a fractional ownership operation that is slightly less than two years out of the blocks and already boasts 350 members and a fleet of 24 jets and 23 helicopters.
NetJets officially opened its new dedicated passenger terminal at Van Nuys (Calif.) Airport on Thursday. Built on a Maguire Aviation leasehold in partnership with Maguire, the new 10,000-sq-ft facility is located on the east side of the airport, near the center and adjacent to Western Jet Aviation. Stevie’s Catering occupies 1,000 sq ft in the NetJets facility.
NetJets parent Berkshire Hathaway reported yesterday that its other businesses, which includes NetJets, grew 2012 revenues to $2.152 billion in the second quarter and $4.199 billion in the first six months, up 3 and 4 percent, respectively. Earnings in 2012 reflected increased earnings at NetJets and earnings from the Omaha World-Herald.
NetJets introduced its Supplemental Lift Assurance program yesterday to address the short-notice needs of aircraft owners that cannot be met with their owned aircraft. The obstacle might be a technical problem, an existing trip commitment or a size or range inadequacy of the owned aircraft for the mission at hand.
ECA Program of Amsterdam has launched a VIP A319/320 fractional program. Each aircraft will be outfitted for 19 passengers. The company’s fleet will consist of three A319s and four A320s, the latter to be used for regional flights of less than eight hours and the former for intercontinental flights. The service will be operated by a new entity, operating under Dutch AOC and regulations, and the full fleet is expected to be operational by 2015.