JetSuite Expands Service To The Northeast

As previously reported, JetSuite is truly revolutionizing on-demand (and scheduled) private and business travel on small jets. The experienced Phenom operator has just recently expanded again, announcing service coverage in the Northeast  US. With this expansion, JetSuite now offer its services to hundreds of airports in major metropolitan areas such as New York, Washington D.C., Boston and Toronto.

Greenjets Offering 40% Off Service

As noted in a previous post regarding PSOD operators, Greenjets is one of the major players that has been doing well with the often-elusive (profitable) business model of selling seats on private jets.

Just recently, getting access to the Greenjets fleet of brokered aircraft became even easier. New clients to the company can now fly on private jets for as little $2,000 - or up to 40% off their standard retail pricing - with special introductory pricing currently being offered by the company.

Avantair Shows Its Green Side

Carbon Offsets Set New Company Milestone for Earth Day
Go Green - Environment and Profits!

Avantair, Inc., the only publicly traded company that is (still) stand-alone, is an industry leader in the aircraft fractional aircraft ownership category as previously reported. They have also recently announced that, since 2007, they offset 15 million pounds of CO2 through their Flight TerraPass program. For 2012, the company expects to do more of the same. Avantair shows that companies can go green and, in the process, still earn plenty of it.

NASA Claims Supersonic Breakthrough For Biz Jets

NASA is claiming a breakthrough in supersonic aircraft design. Recent wind-tunnel tests are proving that it should be possible to design aircraft configurations that combine low sonic boom with low cruise drag - two traits once thought to be mutually exclusive. And, until now, stubbornly elusive!

Fractured Fractionals

Fractional aircraft ownership programs - whereby customers/owners typically buy a "share" of the aircraft via a five-year management contract with guaranteed availability of aircraft - have now been around for some 25 years. While industry pundits continue to debate their true value proposition, the popularity and viability of this business model is no longer in question. In fact, the fractional industry has remained relatively robust, even with the continuing lackluster economy. Still, on average, companies that offer shared aircraft ownership programs have had a difficult time in forecasting demand and maintaining profitability. This is not quite the scenario imagined by NetJets founder Richard Santulli - who, when he first introduced the fractional concept, envisioned thousands of jets owned by tens of thousands of owners - but it shows that the industry is here to stay. Here are some updates on a few of the major players in the fractional space...