“[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.”
Avantair Launches Block Charter Membership Program
Avantair, which bills itself as "the only publicly traded, standalone fractional operator," is now offering "The Axis Club" membership program for a one-time fee, which starts at $75,000. Members "can access blocks of  flight hours at a locked-in rate with no restrictions on travel days," said Avantair senior executive vice president Matthew Doyle. The club, he said, bridges the gap between fractional-ownership and time-card programs. Avantair of Clearwater, Fla., is the sole North American provider of fractional shares in the Piaggio Avanti. It operates 52 of the aircraft and has another 57 on order for deliveries through 2013.