Charter & Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
Aircraft
Jetex Eyes Growing Air Charter Opportunities and World Cup Finals
Business aircraft service provider Jetex aims to build the largest FBO network outside of the U.S.
Charter & Fractional
Cryptocurrency Comes to the Charter Market
Some air charter firms now take cryptocurrency for payment as they see demand for more flexible options from new, younger clients.
Charter & Fractional
HKBAC Eyes Business Boom when Quarantine is Lifted
At the height of the pandemic, many Hong Kong-based aircraft were parked, sold, or changed location.
Aircraft
Wheels Up Highlights Charter Growth, Tackles Losses
Reporting strong growth, Wheels Up looks to continue expansion while consolidating recent acquisitions in the charter market.
Charter & Fractional
FlyExclusive Opens New Maintenance Hangar
FlyExclusive will add 200 more employees with the opening of the 48,000-sq-ft hangar.
Charter & Fractional
Former Zetta Jet Chief Faces 34 Charges in Singapore
Cassidy is being charged with embezzlement and other criminal conduct while managing director of the now bankrupt Zetta Jet
Aircraft
Hadid Aims To Further Streamline International Trip Planning
A shortage of spare parts, transportation bottlenecks, and labor shortages have all impacted the bizav industry.
Charter & Fractional
Wheels Up Stock Nose Down
Wheels Up stock is now unmistakably nose-down, trading at $1.06 per share on October 11.
Charter & Fractional
New Hangar Complex Opens at Van Nuys Airport
Sun Air Jets has expanded its presence at Van Nuys Airport with the opening of 66,000 sq ft of new hangars.
Charter & Fractional
Flexjet To Join SPAC and Go Public
Flexjet will merge with a special purpose acquisition corporation and be listed on the New York Stock Exchange.
Charter & Fractional
Deadline Looms for Australia's SMS Rules
Charter and other commercial air transport operators in Australia will need to have safety management systems in place by December 2024.
Charter & Fractional
Alliance Aviation Group Rebrands Its Companies
Fly Alliance is the new name of Alliance Aviation Group and its four companies.
Charter & Fractional
Flashback: AMI certificate revocation spooks charter industry
We look back at some memorable events and coverage from AIN's half-century-old archives.
Charter & Fractional
Four Corners Aviation Swoops Up UltraAir
Four Corners Aviation has acquired Omaha, Nebraska-based charter, sales, and management company UltraAir.
Charter & Fractional
TAG Aviation Still an Aircraft Services Force
Despite TAG Aviation Holding's piecemeal sell off several years ago, TAG Aviation maintains a large aircraft charter managment fleet in Asia and Europe.
Charter & Fractional
Jet Card Hourly Rates Continue To Climb
The average hourly cost for a fixed-rate, guaranteed availability jet card membership increased to $11,200, according to Private Jet Card Comparisons.
Charter & Fractional
Broker Paramount Business Jets Enhances Card Program
The Paramount Jet Card requires a minimum $100,000 deposit.
Aircraft
Flexjet Europe Receives Its First Gulfstream G650
The company plans to take delivery of a second one in six months.
Charter & Fractional
4Air To Offer Carbon Offsetting to ACA Members
Member companies of the Air Charter Association will have access to four, carbon-offsetting schemes under partnership with 4Air.
Charter & Fractional
Luxaviation Unveils Real-time Travel Management Platform
Luxaviation's real-time travel management platform enables clients to oversee all aspects of their flight.
Charter & Fractional
Magellan Jets Brings Back College Tours Jet Card
Demand for the card has prompted the charter broker to revive it.
Charter & Fractional
Jetex, Avem Aero Team on Integrated Fuel Price Tracking
The new software integration can use current fuel prices at the departure and destination airports to provide their customers with more accurate quotes.
Accidents
NTSB: Turbine Otter Nosedived into Bay
Witnesses who observed the De Havilland DHC-3 Turbine Otter plunge into Mutiny Bay, Washington, on September 4 said it was in a near-vertical descent.
Charter & Fractional
Volato Spreads Its Wings with Gulfstream G280 Order
Light Jet operator Volato will bring a new, larger platform into its fractional fleet with an order from Gulfstream.
Accidents
NTSB Recovering Wreckage of Fatal Turbine Otter Crash
The NTSB is collecting the wreckage of the float-equipped de Havilland Canada Turbine Otter that crashed into Puget Sound, Washington, on September 4.
Charter & Fractional
JetASAP Data Shows Summer Decline in Charter Rates
An analysis based on 3,687 rate quotes from customers using JetASAP's app shows a decline in hourly charter rates between June and August.
Charter & Fractional
Priester Aviation To Acquire Mayo Aviation
The two, family-owned aircraft management and charter companies expect improved scale and efficiencies with the acquisition.
Aircraft
Air Charter Firm Inks Deal for 50 All-electric Aircraft
Miami-based aircraft charter and cargo company GlobalX signed a letter of intent to purchase 50 all-electric Eviation Alice aircraft.
Aircraft
Mourning Royals Fly Private As UK Prepares For Queen's Funeral
The UK government is asking foreign leaders to take commercial flights to Queen Elizabeth's funeral, with London's Heathrow Airport closed to private jets.
Charter & Fractional
Market Dynamics Prompt Membership Changes at Vista
Vista Global Holding changes its VistaJet and XO membership plans as it sees a younger customer base and faster turnaround in contract sign-ups.
