private jet owner Archives

Using a contractual model similar to fractional ownership, Partners in Aviation wants to be the Match.com of private jets

Seeking to bridge the gap between full ownership and fractional shares and jet cards, Partner’s in Aviation moves into its fourth year in the market seeking to be the Match.com of private jet owners. Most of all, its principal Mark Molloy, a former Beechcraft executive, says the PIA formula is structured to avoid the pitfalls of those multi-owner partnerships that often don’t end well.

Continue reading “Not fractional ownership, Partners in Aviation looks to grow private jet co-ownership”

The two largest private jet operators in the world are headquartered 21 minutes from each other as the private jet flies. Judging by Flexjet’s current ad campaign, the gloves are off…

It’s 114 nautical miles as the private jet flies from John Glenn Columbus International Airport in central Ohio north to Cuyahoga County Airport in Cleveland. The former is home to Warren Buffett-owned NetJets, the largest operator of private jets in the world, and the undisputed leader in fractional ownership. The latter is the home turf of Golden Domer, Kenn Ricci, whose wide smile and neighborly demeanor belie that in his own right he has made a mark in aviation, acknowledged in 2017 with the Lifetime Aviation Entrepreneur Award at the 14^th Annual Living Legends of Aviation Awards.