It’s no secret that the NetJets pilot contract ratified in late November raised the bar for fractional pilot pay. Within hours of the tentative agreement’s release in early October, speculation began about when pilots at the other major fractionals would get an equivalent raise.
Fractional Jets
While its larger competitor NetJets saw profits vanish last year, fractional ownership operator Flexjet is reporting “our best year yet in terms of revenue and profitability.”
FractionAir is eliminating its Beech Diamond and Beechjet regional fractional programs to focus on its Hawker fractional jet management program. The Nashville-based company did not say why it took this action, nor did it answer queries seeking comment.
The first quarter of this year continued the downward trend in fatalities from turbine business aircraft accidents. According to safety analyst Robert E. Breiling Associates
Under the fractional aircraft ownership provider’s recently introduced PennVet VIP program, owners traveling with pets in the U.S. get 24/7 emergency veterinary advice and referrals. A dedicated phone number provides direct access to the Matthew J. Ryan Veterinary Hospital of the University of Pennsylvania.
Piaggio Avanti fractional provider Avantair is fast becoming a major player in the industry. While company CEO Steve Santo readily admits that Avantair isn’t a national program quite yet, “we’ll be there by the end of the year.”
Last month, Flight Options and Flexjet began offering tiered-pricing jet cards
that provide steep discounts for not flying during peak periods. But that is where
the similarities end.
Twenty years after its birth, the fractional concept is finally a mainstream part of the business aviation industry. It didn’t start out that way, and one need only look at the current chorus of very light jet air-limo naysayers to get an idea of how the business aviation community reacted to fractional aircraft ownership in 1986.
Although last month’s foiled terrorist plot to bomb as many as 10 airliners while they were en route to the U.S. from the UK immediately threw airports on both sides of the Atlantic into chaos, business aviation came through relatively unscathed.
Although last month’s foiled terrorist plot to bomb as many as 10 airliners while they were en route to the U.S. from the UK immediately threw airports on both sides of the Atlantic into chaos, business aviation came through relatively unscathed.