After BJT quoted Long Island, N.Y. businessman Michael Pascucci's claim that his flights on his three aircraft are "free" based on the offset revenue he earns from their charter, we received feedback from readers questioning whether this is truly possible.
April 1, 2008
February 1, 2008
Uncertainty about aircraft values in the current market poses a major challenge for the companies that finance their purchase. For many new aircraft, the wait for outfitted delivery is as long as five or six years. This backlog puts a lot of pressure on the pre-owned market, where inventories for some models are at all-time lows.
February 1, 2008
The fractional share market "has passed its period of rapid growth," according to a report prepared by consulting firm Velocity Group for XOJet, a company that sells flight time in hourly increments. Fractional shareholder growth averaged 2.2 percent per year from 2003 to 2006, but the fractional share fleet actually shrunk a bit, according to Velocity.
December 1, 2007
Like sharks hunting for fresh blood, business jet buyers in 2007 used brokers as sonar to zero in on their hard-to-find prey. Then, early in the acquisition process, some customers tended to over-negotiate, not fully grasping how rapidly the market was changing. Consequently, they let their quarry slip away and once again found themselves swimming against the current.
July 1, 2007
Don't leave home without it-not if you want simple, guaranteed access to a business jet at a reasonable hourly rate. That's the pitch that has driven the rapid growth of jet card programs. Almost a dozen national companies, including the major fractional and charter fleet providers, now offer these cards. Numerous smaller charter companies also provide jet cards.
April 1, 2007
In an ideal world, you'd have it all-a Wi-Fi Internet connection, e-mail access on your BlackBerry, four bars of signal strength on your cellphone and 200 channels of satellite television on a big, flat high-definition screen, all from the comfort of your seat in the cabin. In short, you'd have technologies that would make your time in the air more like your time on the ground.
February 1, 2007
The current climate for business aviation financing is not what you might expect. In today's market, you may have to wait three or more years for delivery of a brand-new aircraft. Meanwhile, inventories of many pre-owned models are lower than they've been in several years. With so few aircraft for sale, the financing business must be struggling, right? Wrong.
December 1, 2006
After a two-year buying spree, business jet sales in 2006 reverted to a more typical cyclical pattern. Overall, sales remained strong, but the year was characterized by ups and downs. We witnessed a lackluster first quarter, followed by a buoyant second quarter and a summer slowdown.
December 1, 2006
Over the last decade, business aviation safety has improved immensely. During that time, regulators have attempted to reduce accidents by introducing a variety of equipment, avionics and procedural requirements.
“I have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”
-VistaJet founder and chairman Thomas Flohr, on the company's unusually brief, easy-to-understand contracts
February 1, 2012
January 12, 2012
December 1, 2011
May 30, 2013
November 26, 2012
December 5, 2012
April 30, 2012
August 14, 2014