In the latest WingX moving 7-day average, daily business aviation flights increased to 6,600 from last month’s low of 3,700
Statistics from three different researchers and the U.S. Transport Security Administration (TSA) will again give folks from the private jet side of the aviation business some reason to have pleasant dreams. Or at least blot out recent nightmares.
Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.
Flexjet LLC, a leading provider of fractional private jet ownership, yesterday recognized Michael Silvestro, its longtime Chief Executive Officer, as he marks 10 years in the role
One week after plucking about PrivateFly, Flexjet chairman Kenn Ricci held a party to congratulate Michael Silvestro on his 10-year anniversary and what he said was the company’s decade of success.
Private jet companies and golf go together like hot dogs on July 4th. NetJets boasts over 35 professional golfers on its roster of players it sponsors. There is even an unofficial Twitter account @NetJetsGolfTeam.
Less than three years after acquiring fractional aviation provider Flexjet from Canadian aircraft manufacturer Bombardier and positioning it as a luxury entrant alongside its existing subsidiary Flight Options, which it focused on selling fractional shares of used jets, Cleveland-based Directional Aviation is planning to phase out the latter brand and focus on the former’s Red Label service, introduced last year.