Textron Aviation confirmed to AIN that it will terminate flight operations at its former fractional and charter/management operation, CitationAir, on October 31. The move comes 2.5 years after CitationAir stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012, saying at that time it would instead focus on its jet card and aircraft management products. The company is now abandoning even that modest plan.
Business aircraft flying in the U.S. rose for the eighth straight month, with activity in July up 1.5 percent from a year ago, according to data released yesterday by aviation services company Argus. And it appears that this indicator is gaining strength again this month, with Argus projecting a 1.4-percent year-over-year rise for August.
Part 91 activity once again is leading the pack, climbing by 2.7 percent from a year ago, followed by fractional flying with a 2-percent gain. Part 135 charter flight activity slipped a bit last month, falling by 0.4 percent year-over-year.
Fifteen years after inventing the jet card, which simplifies the purchase of a block of charter hours, Sentient Jet sees no slowdown in demand for the product it pioneered. “We’re having a great year,” said Sentient president Andrew Collins. “In many respects it feels a lot like stuff we’ve been talking about is coming to fruition.”
Fractional aircraft ownership firm Executive AirShare hired industry veteran Pete Pedicino as regional vice president of sales for Dallas and South Texas. In his new role, Pedicino “will drive Executive AirShare’s growth in key Texas markets.” The company now serves customers in Houston, San Antonio and Austin, and has served customers in Dallas and Fort Worth since 2006. Pedicino has spent the past 14 years in the fractional aircraft ownership industry, most recently as senior vice president of sales with NetJets.
Business aircraft flying in the U.S. rose for the seventh straight month, with activity in June up 3 percent from a year ago, according to TraqPak data released today by aviation services company Argus. In addition, flight activity for the first half climbed 1.6 percent, compared with the same six-month period last year, it said.
Fractional flying came out strong last month, rising 6.5 percent from June last year. Part 91 activity jumped by 3.2 percent, while Part 135 charter flying saw a 1.4-percent gain.
After five harsh years, the business aviation market is indeed showing signs worthy of optimism, according to responses from JetNet IQ’s most recent industry survey, released last month at the company’s fourth annual summit in New York City. Each quarter the company polls hundreds of business jet owners and operators to read the business climate they are facing, and in the latest round, 54 percent overall (and 59 percent of U.S.
Business aircraft flying trended positive last month in every operating category and all jet segments, according to TraqPak data released yesterday by aviation services company Argus. Overall, activity climbed by 1.9 percent year-over-year in May.
For the first time this year, Part 91 operators led the way, with flying up by 2.3 percent in this operating segment versus a year ago. Part 135 activity wasn’t far behind, rising 1.9 percent from May last year, while the fractionals eked out a 0.2-percent gain.
Delta Private Jets launched a new aircraft management program designed to help owners cover the cost of purchasing a business jet by providing a guaranteed monthly income stream over a five-year fixed term. Called Ownership Assist, the new program is designed for owners who require only occasional use of their jet and are looking for guaranteed monthly income that covers 80- to 100 percent of their monthly payments, according to Delta Private Jets. Under the program, aircraft owners are allotted 30 flight hours per year over 20 flight days at no cost.
Though TraqPak data released today by aviation services company Argus indicates that business aircraft flying continued its upward trend last month, climbing 1.4 percent year-over-year, this wasn’t the big news. “The bigger story was the turnaround in the fractional market, which posted the first year-over-year increase since September 2011,” Argus said.
Business aircraft flying continued its positive trend so far this year, with activity climbing 1.1 percent last month from March 2013, according to the TraqPak data released yesterday by aviation services company Argus. Its analysts also estimate that overall flight activity this month will rise 0.4 percent from last year.
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