Tag: fractional ownership

Silverhawk Aviation becomes a founding partner of Pinnacle Bank Arena

by Doug Gollan

The Lincoln, Nebraska-based jet card provider will gain high visibility in its home market with sports and concert fans

 

Nebraska is a prominent state when it comes to business aviation. Omaha is home to NetJets owner Berkshire Hathaway and management company Jet Linx Aviation, both prominent names in the jet card membership space. Lincoln-based Silverhawk Aviation now has become a Founding Partner for Pinnacle Bank Arena. The sponsorships, negotiated by Husker IMG Sports Marketing, debuted with the Journey and Def Leppard concert on Thursday, July 19. 

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Flexjet gives pilots a boost amid plans to increase fleet by 14% in 2018

by Doug Gollan

Fractional share and jet card provider Flexjet will increase pilot ranks by 25% this year

 

Directional Aviation’s Flexjet LLC, a leading provider of fractional jet ownership, leases and jet cards, announced today “substantial salary increases” for Red Label pilots, making them, according to the company, the highest paid in the industry. Red Label pilots’ total compensation is greater than that of competitors by 25% or more, Flexjet said in a press release received by Private Jet Card Comparisons. Red Label by Flexjet is the carrier’s premium offering.

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Large jet on-demand charter and jet card flights jump 11.8% in April

by Doug Gollan

Part 91 flying saw a 4.1% increase, followed by a 1.3% gain for Part 135 (jet cards and on-demand charter) and 0.6% for fractional ownership programs

 

ARGUS International’s TRAQPak monthly report showed a 2.6% year over year gain in terms of flight activity powered by an 11.8% increase in Part 134 large jet flights. Part 135 represents flying through jet card programs and on-demand charter. In terms of fractional ownership, Midsize jets saw a 7.9% boost, however large jet flights dropped by 19.9%. TRAQPak didn’t provide any commentary for what drove the numbers. 

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Flexjet, Sentient Jet chairman Kenn Ricci named to Town & Country’s Top 50 Philanthropists list

by Doug Gollan

In 2017 Ricci made a $100 million gift to Notre Dame. Other honorees include Michael Bloomberg, Bill and Melinda Gates and George Clooney

 

Kenn Ricci has been named one of Town & Country magazine’s Top 50 Philanthropists. The announcement took place earlier this week during a conference held at the company’s Hearst Tower headquarters in New York. The topic will be the subject of the magazine’s June/July Philanthropy Issue. Ricci is principal at Directional Aviation which controls several aviation companies, including Flexjet, Sentient Jet, Skyjet and Nextant Aerospace. The honor comes after Ricci created a groundbreaking giving structure called a Philanthropic Succession Partnership (PSP) to donate $100 million to the University of Notre Dame, the single largest unrestricted, guaranteed gift ever committed to the University. 

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