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Fractional Ownership Blog

This Fractional Ownership Blog provides news and articles related to Fractional Ownership, Private Residence Club, and Destination Club, and other properties.

Tag >> Fractional Jets

 

ORLANDO, Fla. - November 4, 2009 - Announced today, The Ritz-Carlton Destination Club, an equity-based, luxury destination club, and Marquis JetSM*, the leader in private jet cards, have forged a new partnership. For the benefit of their Club Members and Jet Card Owners, this alliance presents the opportunity to blend the very best in the world of private jet cards with the foremost purveyor of inspiring vacation home experiences.


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Globe and Mail

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Jet Republic Unit Suspends Operations; Bombardier Drops Order
Wall Street Journal
The company launched last year with a so-called fractional ownership business similar to the NetJets concept controlled by Berkshire Hathaway Inc. (BRKA, ...
Financing crisis brings Jet Republic to a haltFlightglobal
Bombardier grounds $1.5B Learjet orderThe Gazette (Montreal)
Jet Republic cancels Bombardier ordersPrivate Jet Daily
CharterX -CBC.ca -Financial Post
all 228 news articles »

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Washington Post

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NetJets Inc. Chairman and CEO, Richard T. Santulli Steps Down
Business Wire (press release)
Richard Santulli is synonymous with the fractional jet ownership industry and his vision and energy has made NetJets the leader that it is today. ...
Buffett Loses Top Gun at NetJets (BRK-A)24/7 Wall St.
Santulli leaving NetJetsColumbus Dispatch
netjets CEO Santulli resignsMSN Money
New York Times -Trading Markets (press release)
all 604 news articles »

 
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Flexjet Named 'Best of the Best' in Flight Services by Robb Report
PR Newswire (press release)
"By offering a full range of award-winning aviation solutions - from whole aircraft management through our Flexjet One program to fractional jet ownership, ...

and more »


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Will Corporations Ever Feel Good About Flying Private Jets Again?
Business Wire (press release), CA
As the first to offer the Phenom 300 in a fractional ownership program, Flight Options has recently begun to accept deposits for delivery positions. Demand has been high due to the fact that a new order of the Phenom 300 will not see delivery until the ...
Executive AirShare adds new aircraft Bizjournals.com
all 9 news articles

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Best Syndication

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Buying a Private Jet
Best Syndication, CA
Think of buying options like fractional ownership: In case you do not fly a lot but would still like to buy a jet because of its advantages then you can consider fractional ownership. A lot of people decide to have a combined ownership of a jet. ...

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Luxury Travel Magazine

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CitationShares Selected for Robb Report Best of the Best
Luxury Travel Magazine, Arizona
CitationShares, a leader in fractional jet ownership, jet card membership and whole aircraft management, was named by the Robb Report for the seventh year in a row as one of the "Best of the Best" in Aircraft and Flight Services. ...


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International charter alliance kicks off
Aviation International News, NJ
It has been in business for almost 20 years and offers fractional ownership in Sikorsky S-76s. premiair is marking its 30th anniversary this year and is active in charter as well as helicopter management and maintenance from its base at Blackbushe ...


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New offers and jet card programs for Flexjet private jets
Paradizo
Flexjet, the fractional business jet ownership program of Bombardier, is rolling out a series of programs and enhanced features to entice private jet use and fractional jet ownership around the world. One program is dedicated to owners making ...
Flexjet makes private jet travel more cost-effective Private Jet Daily
all 2 news articles


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Avantair bails out of loss with one-time gain
Bizjournals.com, NC
Avantair (OTCBB: AAIR), a Clearwater firm that sells fractional ownership of planes, also said it recorded a substantial increase in hours flown quarter-over-quarter and record hours flown in the third quarter, but did not provide specific details.
Avantair, Inc. Reports Fiscal Third Quarter 2009 Financial Results GlobeNewsWire (press release)
all 5 news articles


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VistaJet throttles back but continues to climb
Aviation International News, NJ
According to Flohr, VistaJet is the only charter or fractional ownership provider not to impose interchange payments for customers flying into or within different regions of the world. “We wanted to make the contractual obligation much simpler and more ...


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Fractional Aircraft Sales Face Economic and Political Headwinds
Motley Fool
The decrease in revenues and pre-tax earnings reflects the negative impact of the global recession on substantially all of Berkshire's other service businesses and in particular, NetJets' fractional ownership business which reported a pre-tax loss of ...
Special Report: Business aviation Private Jets Lose That Feel-Good ... New York Times
VistaJet: Dissatisfied customer addresses his own complaints Financial Times
EBACE: NetJets Europe slashes deliveries Flightglobal
all 6 news articles


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Private flights falling from favor at Aspen airport?
Aspen Times, CO
Fractional ownership jet companies have touted larger aircraft that allow clients to stretch out and bring their friends. The latest models of corporate jets, such as the Gulfstream V and the Global Express, hold 15 to 18 passengers and are large ...


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Get the Updated GA Facts in NATA's Downloadable Reference Book
AMTOnline.com, MD
... that affect the day-to-day operation of aviation businesses, and features several charts containing vital general aviation and business aviation statistics on fuel consumption, fractional ownership companies, active pilots, airports, and more. ...


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FlyMustang matches fliers with VLJ seats
Aviation International News, NJ
A UK-based broker is seeking to capitalize on surplus capacity among Cessna Citation Mustang operators by offering a variety of fractional ownership and per-seat on-demand charter packages in the airplane. According to FlyMustang founder Ruchir Gupta, ...


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The Upside of a Down Market: The Advantages of Retaining and ...
Halogen Guides Jets, CA - Bob KnebelBob Knebel
Once they feel the market has bottomed out, and a share becomes available, the owner can immediately transition into a full fractional ownership and all of the benefits that come with it. Jet cards are another excellent alternative for those looking ...

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Prague Post

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Air time share
Prague Post, Czech Republic
The company says it stands out from competitors with its unique business model of "fractional ownership," a sales method it developed in the United States. In what is essentially a time share, the ownership scheme allows clients to pay a minimum fee of ...


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Avantair enlists TerraPass in offering carbon offsets
Bizjournals.com, NC
Avantair (OTCBB: AAIR), a Clearwater firm that sells fractional ownership of planes, said in a release that it would offset five flight hours of carbon emissions for all new fractional share owners with TerraPass, an originator and retailer of carbon ...


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Volo signs long-term deal with NetJets
Sarasota Herald-Tribune, FL
“NetJets is one of our largest clients here in Sarasota, and as the world's largest — by far — fractional aircraft ownership company, it helps us secure our position in the Sarasota market and beyond for years to come,” said Marty Kretchman, ...


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In Defense of Your Own Plane
Barron's
Also, a company with $3 million a year in sales probably can afford to have its executives travel only on airlines, while a $30 million company might be able to spring for charter flights or fractional ownership. Owning a jet becomes much more ...
Deals of a Lifetime Barron's
all 2 news articles


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Biz Jets Gonzo!!!!
Gerson Lehrman Group, New York
Fractional ownership cos. like NetJets should do well. Also, reputable charter operators with good corp. sales approach. Analyses are solely the work of the authors and have not been edited or endorsed by GLG.


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Private jets: Firms struggling to survive
Chicago Tribune, United States
According to Aviation Research Group, the use of business aircraft, including charters, private fleets and fractional-ownership jets such as the ones that NetJets and Flight Options operate, was down 26 percent in February from a year earlier. ...


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Daher-Socata FAST-Tracks Shared Ownership
Flying Magazine
Each share entitles the shareholder to 100 full days of operation per year, with no limit on flight hours—a departure from the usual hourly distribution used by most fractional-ownership programs. Included in the terms of the deal are scheduling ...

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