Qatar Executive, the private jet charter division of Qatar Airways, is stepping up the expansion of its fleet with the recent arrival of a second Gulfstream G650ER aircraft. The long-range jet, which can fly non-stop from the Middle East to North America, is part of an order for thirty Gulfstream aircraft that will eventually include the new G500 and G600 models.
After five years of slow growth, preowned-market sales volume headed into negative territory last year. Aviation data service JetNet reports fewer retail transactions were conducted in 2015 than in 2014, the first such decrease since 2009. Last year, 2,458 preowned business jets were sold, says JetNet, versus 2,569 in 2014—a 4.3 percent decline. Only the large-cabin category saw an increase in transactions (5.6 percent, from 770 units to 813).
Dan Drohan serves as chairman and CEO of Solairus Aviation, an aircraft-management and charter company he founded in 2008, just as the Great Recession began. Despite that bad timing, the firm has prospered and now has more than 100 aircraft in its managed fleet.
One of Philadelphia’s crown jewels is sporting a new gem. Actually, an old one, since what used to be Torresdale-Frankford Country Club dates to a 1921 design by Donald Ross. Today it’s part of the Union League, the prestigious downtown club founded in 1862 whose South Broad Street home offers a classic example of Second Empire architecture. Now the city’s movers and shakers (and millennials) who are among its 3,500 members have a golf course of their own in the city, 13 miles to the northeast.
If you’re a charter customer or fractional owner, your net worth may well exceed that of your flight provider. That would make you the deep pocket with the most to lose in an accident, yet you have no role in selecting the provider’s insurer or drafting its coverage terms. So how can you protect yourself? By performing the most dreaded task in all of aviation—reading the insurance policy—and by keeping these tips in mind:
“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”