Charter & Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
Charter & Fractional
Air Partner Private Jets Logs $4M Loss in FY09
The Private Jets division of charter broker Air Partner suffered a £2.5 million ($3.9 million) loss in its fiscal year that ended on July 31, according to
Charter & Fractional
Avinode: charter market remains soft
Despite some modest improvement last month, demand in the North American executive charter market is still relatively soft, according to the latest data fr
Safety
Audit firm lauds NBAA’s guide on best practices
CharterX Wyvern has endorsed the NBAA’s recently published NBAA Best Practices for Air Charter Brokering.
Charter & Fractional
Stats show frax suffering but still a key genav factor
The fractional share marketplace is changing rapidly in response to the lengthy global recession.
Charter & Fractional
High-end models fare well in down charter market
The cream has risen to the top and has not gone sour is how Comlux would characterize today’s charter market, which is to say that demand for high-end, air
Charter & Fractional
JetBird’s Start-up Grounded by Delays at Embraer
Production delays at Embraer’s factory and an associated bottleneck in the pilot training process for its new Phenom 100 light jet have delayed the
Charter & Fractional
Sokol Stamps Mark on NetJets Europe
New NetJets chairman and interim CEO David Sokol has begun making changes at NetJets Europe, appointing a new boss to run the business and implement job cu
Charter & Fractional
The Fractional Market
The recession has dealt an enormous blow to the fractional share industry.
Charter & Fractional
XOJet Dispels Citation X Disposal Talk
Responding to scuttlebutt about selling off its Cessna Citation X fleet, charter aircraft provider XOJet told AIN, “This is incorrect as t
Charter & Fractional
Jet Republic remains tight-lipped on insolvency
According to the management of Jet Republic, the overriding reason that the company suddenly
Charter & Fractional
UK denies flight permits for U.S. charter firms
The UK Department for Transport (DfT) has been denying flight-permit applications by U.S.
Charter & Fractional
NetJets trims workforce by 5 percent
Fractional provider NetJets on September 11 announced the first major workforce reduction since David Sokol took over in early August as chairman and actin
Charter & Fractional
Frax pilots vote on strike authorization
Teamsters Local 1108, the union representing some 500 pilots at fractional provider Flight Options, on September 21 mailed strike-authorization vote ballot
Charter & Fractional
NBAA issues Guide for Charter Brokers
NBAA published best-practices guidelines for charter brokers that outline the regulatory environment in which air-charter brokers work, along with business
Charter & Fractional
Avantair Lowers Operating Loss, Logs EBITDA Profit
Fractional-share operator Avantair released its fiscal fourth-quarter financial results yesterday, which included growing revenues, declining operating los
Charter & Fractional
Blink Opens Second Base at Geneva
European very light jet (VLJ) air-taxi service Blink has opened a second base at Geneva.
Charter & Fractional
Flight Options Pilots Vote on Strike Authorization
Teamsters Local 1108, the union representing some 500 pilots at fractional provider Flight Options, yesterday announced a strike-authorization vote as fina
Charter & Fractional
Air Charter Best Practices Guide Released by NBAA
NBAA last week released best-practices guidelines for charter brokers that outline the regulatory environment in which air-charter brokers work, along with
Charter & Fractional
Air Royale President Leaves UK Charter Broker Group
Wayne Rizzi, president of Los Angeles-based aircraft charter broker Air Royale International, yesterday resigned as the U.S.
Charter & Fractional
Business Aviation Flight Activity Turning Around
Business aircraft flight activity for Part 91 operators appears to have bottomed, according to data released yesterday by aviation services company Aviatio
Charter & Fractional
Charter Demand Outlook Mixed, Avinode Says
Recent data from Web-based executive charter portal Avinode shows mixed fortunes for charter operators worldwide, but there is no avoiding the overall pict
Charter & Fractional
Judge Orders FAA To Pay Air Trek Legal Expenses
On August 20, the FAA reinstated the air carrier operating certificate of Air Trek of Punta Gorda, Fla., after the charter operator fought for more than a
Charter & Fractional
Bizav Fractionals Facing a Matured Industry
The fractional jet industry is undergoing a “major transformation,” according to business aviation consultant Brian Foley Associates.
Charter & Fractional
Santulli resigns from NetJets; changes ahead at fractional
In a major management shake-up at fractional provider NetJets, company founder, chairman and CEO Richard Santulli on August 4 unexpectedly resigned, effect
Charter & Fractional
NetJets Europe avoids layoffs while reducing pilot duty days
Shortly before the departure of NetJets chairman and founder Richard Santulli, NetJets Europe achieved its goal of reducing flight crew capacity by 60,000
Charter & Fractional
Start-up Fractional Jet Republic Sought To Recruit NetJets Employees
Before new fractional company Jet Republic declared insolvency late last month, lawyers for the firm were seeking to lift a legal injunction secured by est
Charter & Fractional
Sunset Aviation Rebrands and Relaunches
Charter/management company Sunset Aviation LLC officially changed its name to Solairus Aviation early last month.
Charter & Fractional
European charters ready to launch
Until around this time last year, European business aviation had been enjoying a boom period, and executive charter in particular had seen some truly explo
Charter & Fractional
Start-up fractional Jet Republic topples
Jet Republic, which last year announced a plan to buy up to 110 Bombardier Learjet 60XRs and launc
