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
Charter firm nears deal with new buyer
The plan by JDA Acquisition Company (JDAAC) to buy the assets of charter/
management firm JetDirect Aviation is expected to reach fruition by April 7.
management firm JetDirect Aviation is expected to reach fruition by April 7.
Charter & Fractional
Charter jet card specializes in Asian market
Asia Jet Partners Limited of Hong Kong has developed its Chartercard program designed specifically for Asia.
Charter & Fractional
Socata Unveils TBM sharing Plan
Daher Socata launched a TBM 850 co-ownership program dubbed “Fly And Share your TBM” (Fast), with guaranteed operational availability for owner-pilots.
Charter & Fractional
Air Partner Sees Charter Sales Slip
Half-year financial results published on March 25 by charter broker Air Partner confirm the widespread perception that the business aircraft charter sector
Charter & Fractional
Charter safety group focuses on audits and SMS
The Air Charter Safety Foundation (ACSF) took center stage at the second annual NATA Air Charter Safety Symposium, held last month at the NTSB Training Cen
Charter & Fractional
Ricci and Partners Raise Their Stake in Flight Options
Directional Capital, an investment firm led by Flight Options chairman Kenn Ricci, private-equity firm Resilience Capital Partners and “key members” of the
Charter & Fractional
Air Partner: ‘Shockwaves’ Have Hit Bizav Industry
Half-year financial results published yesterday by charter broker Air Partner confirm the widespread perception that the business aircraft charter sector h
Charter & Fractional
Get Ready, SMS Is Coming
In February, the FAA chartered a safety management system (SMS) aviation rulemaking committee
Charter & Fractional
ARG/US: Flight Activity Data Shows Ray of Hope
According to ARG/US TRAQPak data, business aircraft flight activity increased 28.55 percent last month over January, possibly indicating early signs of rec
Charter & Fractional
JetDirect Finalizes Asset Purchase Agreement
On Monday, JetDirect Aviation and JDA Acquisition Company (JDAAC) solidified an agreement for JDAAC’s purchase of JetDirect’s assets.
Charter & Fractional
JetDirect Puts Second Subsidiary Into Bankruptcy
JetDirect Aviation has now placed two of its subsidiary companies into bankruptcy.
Charter & Fractional
JetDirect Puts Second Subsidiary Into Bankruptcy
JetDirect Aviation has now placed two of its subsidiary companies into bankruptcy.
Accidents
Platinum Jet Principals, Employees Plead Not Guilty
Two of the six people arrested and charged in connection with the 2005 Platinum Jet Management Challenger 600 crash at Teterboro (N.J.) Airport entered not
Charter & Fractional
Berkshire Hathaway: FlightSafety Up, NetJets Down
Revenues at Berkshire Hathaway’s services group–which includes fractional provider NetJets and flight-training provider FlightSafety International–were $8.
Charter & Fractional
XOJet Reports Year-over-year Revenue Increase
Despite the recession, XOJet has reported strong year-over-year increases in revenue, flight hours and customers.
Charter & Fractional
Ab Initio Pilots Join NetJets Europe
The first nine new pilots to complete NetJets Europe’s ab initio training program joined the company’s flight-crew roster in November and December, followi
Charter & Fractional
NetJets Europe buying airport near Frankfurt
NetJets Europe has agreed to acquire Egelsbach Airport near Frankfurt, Germany’s financial center, for an undisclosed sum.
Charter & Fractional
Platinum Jet execs indicted in Teterboro crash
Four years after a Challenger 600 operated by Platinum Jet Management crashed on takeoff from Teterboro Airport, resulting in a major FAA investigation of
Charter & Fractional
Blink Launches Frequent-flier Program
European very light jet charter service Blink has launched what it claims to be business aviation’s first frequent-flier program.
Charter & Fractional
FirstFlight Sells West Coast Division
Citing changes in the economy, charter management firm FirstFlight has sold its West Coast division less than a year after launching it.
Charter & Fractional
Magellan Jets Launches Voyager Program
Boston-based charter broker Magellan Jets last month launched its Voyager Program, which entitles members to guaranteed hourly rates on various aircraft; a
Charter & Fractional
Rizon defies economy; places $68 million order
Middle East-based executive charter operator Rizon Jet has bucked the downturn in new business aircraft sales by placing a firm order for four Bombardier L
Charter & Fractional
Flexjet Offers Round-trip Pricing Program
Bombardier Flexjet on February 3 launched a round-trip pricing program that reduces the cost of one- or two-day round trips for owners committed to at leas
Charter & Fractional
PlaneSense Adds Seven Airports
PlaneSense, Alpha Flying’s Pilatus PC-12 fractional aircraft ownership program, has added seven airports in the Bahamas to its primary operating area.
Charter & Fractional
Aviation firm launches alternative to Part 91
As happens in every significant downturn, corporate squeamishness about owning business jets climbs while used aircraft languish on brokers’ ramps.
Charter & Fractional
Sun Rises on New Version of Sunset Aviation
The owners of Sunset Aviation, the charter/management company sold to JetDirect Aviation in May 2007, have formed a new company called Sunset Aviation LLC.
Charter & Fractional
Avantair Revenues Climb, Losses Narrow
Clearwater, Fla.-based fractional provider Avantair saw its year-over-year revenues climb nearly 24 percent, to $35.4 million, in its second fiscal quarter
Charter & Fractional
Avantair Revenues Up Significantly
Clearwater, Fla.-based fractional provider Avantair saw its year-over-year revenues climb nearly 24 percent to $35.4 million in its second fiscal quarter,
Charter & Fractional
First Ab Initio Pilots Enter NetJets Europe Ranks
NetJets Europe has introduced into its workforce the first nine new pilots to complete its ab initio training program.
