Fractional ownership

June 29, 2011 - 5:14am

Flight Options launched a new membership program for its Embraer Phenom 300s that combines the advantages of fractional ownership with the flexibility of a jet card. The new Flight Options Jet Club Membership program, which offers members access to the Phenom 300 without the asset purchase or monthly management fees, has two levels: 75 or 150 hours of flight time in the Phenom 300, to be used anytime within the 36-month membership period.

April 27, 2011 - 6:20am

Avantair now offers leasing of fractional shares of Piaggio Avanti turboprops. The new Axis lease program allows buyers to lease a share of a fractional Avanti; this is a true lease, not a block-charter program.

April 14, 2011 - 10:00am

Cleveland-based Flight Options said it saw renewed interest in fractional share and jet card (JetPass) sales during the first quarter, noting that net share sales doubled from a year ago while JetPass sales climbed by 46 percent. Flight Options officials declined to specify the exact number of net fractional shares sold, but did say that first-quarter gross share hour sales grew significantly from 225 hours last year to 1,275 hours this year.

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 - 1:40pm

As they start to see growing demand, fractional aircraft providers are beginning to recall furloughed pilots to fill cockpit vacancies. Last month, Cleveland-based Flight Options recalled eight furloughed pilots to fill open seats in its Citation X fleet.

March 10, 2011 - 11:04am

As they start to see growing demand, fractional aircraft providers are beginning to recall furloughed pilots to fill cockpit vacancies. Yesterday, Cleveland-based Flight Options announced it is recalling eight furloughed pilots to fill open seats in its Citation X fleet. “We are extremely pleased to be able to announce the recall.

March 6, 2011 - 10:20am

Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Heli-Expo 2011 that it has closed $141 million in transactions for 27 new and used helicopters since the company was launched in last August.

March 6, 2011 - 10:20am

Milestone Aviation Group (Booth No. 4042), a global finance company focused on providing leasing of high-value helicopters and private jets, announced at Hel-Expo 2011 that it has closed $141 million in transactions for 20 new and used helicopters since the company was launched in last August.

February 1, 2011 - 4:30am

Lufthansa is weighing possible new options for providing executive charter services through its Lufthansa Private Jets service. The process could lead to a resumption of its alliance with NetJets Europe, with a decision expected during February.

 
X