Fractional Jets

April 12, 2011 - 10:45am

Cleveland-based Flight Options today announced 467-percent and 46-percent year-over-year growth in fractional share and jet card (JetPass) sales, respectively, during the first quarter. In addition, fractional utilization in the quarter climbed by 8 percent from a year ago, while JetPass flight revenue hours rose 35 percent.

March 30, 2011 - 2:20pm

Revenues at Berkshire Hathaway’s “other services” segment–which includes fractional jet provider NetJets and flight-training company FlightSafety International–climbed by $770 million (up 12 percent year-over-year), to $7.4 billion, according to the company’s 2010 financial results. Pre-tax profits at the division soared to $984 million, versus a $91 million loss in 2009.

March 1, 2011 - 10:15am

Revenues at Berkshire Hathaway’s “other services” segment–which includes fractional jet provider NetJets and flight-training company FlightSafety International–climbed by $770 million (up 12 percent year-over-year), to $7.4 billion, according to the company’s 2010 financial results, released on Saturday.

January 20, 2011 - 10:52am

Overall business aircraft flight activity climbed 4.4 percent last month year-over-year, bolstered by a double-digit-percent resurgence in Part 91 corporate operations, according to TraqPak data released today by aviation services company Argus. Part 91 flying climbed 10 percent in December compared with the same month in 2009, which followed a year-over-year 12.2-percent increase in November.

January 11, 2011 - 9:54am

Overall business aircraft flight activity climbed 4.4 percent last month year-over-year, bolstered by a double-digit-percent resurgence in Part 91 corporate operations, according to TraqPak data released today by aviation services company Argus. Part 91 flying climbed 10 percent in December compared with the same month in 2009, which followed a year-over-year 12.2-percent increase in November.

December 29, 2010 - 5:23am

CitationAir has launched Jet Access, a new non-membership program designed to allow private aviation customers use of its Citation XLS and Sovereign fleet without any element of fractional ownership. For a minimum commitment of 50 flight hours a year, the program provides simple pricing, with locked-in rates for 36 months and a flexible fuel component.

November 29, 2010 - 10:33am

Aircraft charter firm Air Partner launched a new Middle East jet card for private jet customers who want to travel within the region. The program offers inclusive fixed prices for aircraft, along with a 48-hour guaranteed availability and no ferry charges.

October 26, 2010 - 10:18am

The numbers say it was a flat year in charter, up from 2008's lows, far from prior highs, but essentially static since late last year in terms of demand, pricing and operations. But flat should not be read as placid.

October 13, 2010 - 7:38am

Flexjet, the fractional jet share provider owned by Bombardier, announced that it has earned the Air Charter Safety Foundation’s highest safety rating. The company, which claims to be the first fractional provider to win this distinction, already held a Platinum rating (the highest available) from Argus and has received the FAA’s Diamond Award of Excellence for maintenance training for 11 consecutive years.

 
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