Fractional Jets

July 10, 2014 - 3:57pm

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.

July 6, 2014 - 5:35am

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.

June 12, 2014 - 3:12pm

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.

May 29, 2014 - 2:35pm

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.

May 13, 2014 - 4:16pm

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.

April 10, 2014 - 2:47pm

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.

January 28, 2014 - 2:35pm

Flexjet saw a 60-percent surge in new fractional aircraft sales and a 57-percent jump in jet card sales last month year-over-year, the company announced yesterday. For the entire year, Flexjet’s fractional share sales rose 10 percent, while jet card sales climbed 29 percent over 2012. After 18 years under Bombardier Aerospace’s wing, Flexjet was acquired last month by Directional Aviation Capital.

December 19, 2013 - 2:20pm

Flexjet is offering two limited-time offers–25 Challenger 300 upgrade hours and “60 for 50”–to spur fractional jet ownership sales in its Learjet and Challenger programs. Until December 31, new and existing Flexjet owners purchasing a one-sixteenth share in a Learjet 40XR, 45XR or 60XR will have the opportunity to upgrade 25 of their annual allocated hours, at their same Learjet hourly occupied rate, to a Challenger 300.

October 24, 2013 - 2:10pm

Fractional jet share and charter companies from NetJets to JetSuite to Executive AirShare are choosing to stack their fleets with Cessna Citation jets, large and small, according to Brad Thress, senior vice-president of business jets for Cessna Aircraft Company (Booth No. C8843).

NetJets, the largest Citation Jet operator in the world with 50 Citation Xs in its fleet, is perhaps one of the clearest examples, Thress pointed out. NetJets has 25 Cessna Citation Latitudes on order and options for 125 more, all of which will begin deliveries in 2016.

October 21, 2013 - 12:35pm

The number of fatal accidents in business turbine airplanes worldwide in the first nine months of 2013 showed no improvement when compared with the same period last year, according to preliminary figures compiled by AIN.

 
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