“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”
UK Operator Launches Fractional Program
Charter operator LyddAir has introduced Airshare, a fractional-ownership program offering pre-owned twin-engine piston and turboprop aircraft. At present, the fleet includes a pair of Piper PA31 Chieftains and a Beech Baron B58. The company, headquartered at Lydd Airport in southeastern England, is preparing to add a Hawker Beechcraft King Air 200. Unlike most fractional programs, Airshare allows owners to fly a specified number of days each year rather than a specific number of flight hours. A one-eighth share in the Chieftains, which sells for $50,000 to $60,000, entitles the owner to fly on 40 days for each year of a five-year agreement.