Charter and Fractional » Fractional

News and issues concerning the fractional-ownership industry and markets, including company announcements, regulations, new developments and labor issues.

August 23, 2012 - 1:25pm

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.

August 17, 2012 - 1:25pm
 Avantto fractional

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.

August 14, 2012 - 3:35pm

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.

August 9, 2012 - 3:05pm

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.

August 2, 2012 - 4:50pm

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.

July 17, 2012 - 3:00pm

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.

July 10, 2012 - 2:42pm

Bombardier Flexjet has confirmed the first firm orders for three of the airframer’s new Learjet 70s. In May, the fractional provider announced plans to become the launch customer for the new light jet and the Learjet 75, both of which are derivatives of the 40-series Learjets.

July 1, 2012 - 2:35am

Fractional-share provider NetJets has ordered up to 425 Bombardier and Cessna jets worth as much as $9.6 billion, with deliveries to begin in 2015. The purchase is the largest general aviation aircraft order in history and includes a firm order for 75 Bombardier Challenger 300s (plus options on another 125), a firm order for 25 Challenger 605s (plus options on 50 more) and and a firm order for 25 Cessna Citation Latitudes (plus options on an additional 125).

June 26, 2012 - 2:20pm

Cessna Aircraft has appointed Bill Schultz, the current president of subsidiary CitationAir, as its new senior vice president of business development for China, effective July 1.

June 19, 2012 - 3:48pm

NetJets signed a 15-year OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of its upcoming CF34-powered Bombardier Challenger 605 fleet, which was part of the fractional provider’s $9.6 billion aircraft order announced last week. NetJets placed a firm order for 25 Challenger 605s with options for up to 50 more, in addition to orders for other business jets.

 
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