Jet Token adds guaranteed availability for midsize jets; adds 3rd HondaJet

HondaJet

The HondaJet fractional provider is strengthening its JT Connect jet card program with guaranteed availability for midsize private jets

Las Vegas-based Jet Token is continuing its growth.

Airshare boosts executive ranks by tapping Ritz-Carlton

Airshare

Fractional provider Airshare is adding its first dedicated C-level executive focused on experience with luxury hospitality executive Kate Gruell

Airshare today announced the hiring of Kate Gruell, a former executive with Marriott International and its Ritz-Carlton luxury hotel brand. She joins as senior vice president, experiences.

Inside Volato’s unique approach to fractional ownership

HondaJet

Private aviation attorney James Butler reviews Volato’s unique approach to fractional ownership and highlights critical issues for buyers

(Last week, Volato announced it would add a Gulfstream G280 fractional program to the HondaJet program it launched last year. With 11 of the very light jets already in its fleet, 18 more on order, and a move into the super-midsize category, the start-up is quickly becoming a significant player. It’s also taking a different approach to how it structures owner contracts. Private aviation attorney James Butler offers his take below.)

A recent entry into the private aviation business is Volato, which professes to offer a unique investment structure that shares operating revenue, including third-party charter revenue, with its fractional owners. If this promised benefit materializes, it will be a laudable innovation.

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