As already reported, building a long-term (and profitable) fractional aircraft ownership company is anything but a sure thing. In spite of this, one company called PlaneSense has continued to thrive. In fact, the company just hit a very important milestone by taking delivery of their 49th PC-12. (Is anyone else noticing a correlation between the Pilatus PC-12 aircraft and promising/successful businesses?) Founded in 1995 and launched in 1996, PlaneSense hass clearly doing some very good things for both their customers and shareholders.
Company founder and CEO George Antoniadis made the big announcement last month at PlaneSense headquarters in Portsmith, N.H. With aircraft replacements and retirements through the years, the company's current fleet has 30 of the single-engine turboprops, each with an average age of five years. PlaneSense now has roughly 300 owners and aircraft usage in July was up by 20 percent over July of last year. The company's fleet have now made 200K+ flights since it began operations, making it the largest civilian operator of the PC-12. PlaneSense is clearly firing on all cylinders.
