As the shutdown of HondaJet fractional operator Jet It moves into its third week, three top bizav attorneys share their insights
We are starting the third week since Jet It first grounded its HondaJet fleet on May 19 in what it described as a Safety Stand Down.
Continue reading “Top private aviation lawyers on what’s next for Jet It fractional owners”
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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In this Guest Column, Private Jet Card Comparisons has asked James D. Butler, CEO of Shaircraft Solutions LLC to discuss all those year-end promotions. The following was provided by Mr. Butler and is presented in its entirety.
by James D. Butler
It’s the middle of November and holiday decorations already are popping up. Private jet card providers, like many businesses, are pushing to get deals done by the end of the year. Salespersons have their eyes on quotas and bonuses. As a result, they may urge you to, “Buy now to take advantage of end of the year incentives,” while email solicitations encourage potential customers to “Beat the 2018 Price Increases.”
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In this Guest Column, Private Jet Card Comparisons has asked James D. Butler, CEO of Shaircraft Solutions LLC to discuss why you should know the differences between fraction and charter jet cards. The following was provided by Mr. Butler and is presented in its entirety.
A common aspect of almost any jet card program is that you pay the jet card company up front for essentially all of your flight costs. In return, you get a “promise” of certain flight time, services, etc. In some cases, you’ll have one year, two years, or more to use the funds on account, but during that time, the jet card company enjoys use of those funds.
Continue reading “Why Escrow Is An Important Option To Consider When Buying A Jet Card”