Once upon a time, the vast majority of business jets were owned and operated in the U.S., but that’s changing. Residents of other countries represent an ever-growing segment of the market, and the business of buying and selling corporate jets is increasingly international. In fact, a majority of factory-new aircraft these days are delivered outside the U.S.
Bizav Basics
July 3, 2012
Perhaps you like the idea of shared aircraft ownership but not the costs and flight-time limitations that accompany a contract with a fractional provider. If so, you may be a candidate for a deal in which two or more private parties agree among themselves to share an aircraft.
June 26, 2012
Preowned aircraft prices and financing costs remain at historically low levels, and business jet manufacturers continue to offer incentives to boost sales. That’s changing the access equation for private fliers, leading some to forgo charter, jet cards or fractional shares in favor of buying an aircraft outright.
March 26, 2012
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As with real estate, the options available to business jet travelers fall into two main categories: rent and own. Civil aviation regulations around the world dictate this.
March 1, 2012
Boston-based Magellan Jets is offering two free hours of flight time with the purchase of a 25-hour jet card for the Hawker 800XP. The company, which does not own or operate aircraft, offers flights with 10 hours’ notice and does not bill for repositioning or assess fuel surcharges. Card membership includes standard catering and VIP ground transportation.
January 5, 2012
Flexjet has announced that its fractional-jet-share sales rose 92 percent in the 12-month period ended last September 30. During the same time, according to the Texas-based company, industry-wide share sales increased 16 percent and Flexjet’s market share jumped from 14 to 21 percent.
December 8, 2011
Magellan Jets has launched what it calls the Business Travel Jet Card. Aimed at fliers in the Northeast, it covers 10 hours aboard an Eclipse 500 and costs $34,950 with no blackout dates, daily minimums or fuel surcharge. The offer currently has no expiration date.
November 9, 2011
“While the preowned business aircraft market continues to show improvements, all indicators have been slow to recover in the first nine months of 2011,” according to the latest report from industry research firm JetNet.
November 9, 2011
NetJets has ended its franchise agreement for fractional-jet-share services with National Air Services (NAS) of Saudi Arabia, which has been known as NetJets Middle East.
November 9, 2011
Looking for a generous and unusual gift to give this holiday season? CitationAir has introduced an abbreviated version of its jet card that is good for five hours of flying on any of its business jets, including the Cessna CJ3, XLS, Sovereign and Citation X. The cost, including taxes and fees, starts at $31,145 (for time on a CJ3). The offer expires Dec.
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“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”
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