If you're new to the world of fractional shares, you may well be confused about how these deals work and about the terminology you're hearing. Here are the answers to some frequently asked questions.
How did the fractional-share concept get started?
Flying
December 1, 2010
When Bill Lear created the Learjet in the early 1960s, he envisioned a small, fast and simple airplane, a concept the marketplace embraced. His 20-series and the slightly elongated 30-series aircraft that followed sold briskly for more than 20 years, until long after he had left the company.
December 1, 2010
Gulfstream acquired the super-midsize G200 when it bought Galaxy Aerospace in 2001. The aircraft offered a unique value because its ovoid fuselage actually allows for more headroom than a full-size Gulfstream GIV (with a tube that is only two inches narrower), seating for eight to 10 passengers, true transcontinental range, a 45,000-foot ceiling and a top speed of Mach 0.85.
November 1, 2010
Sociologists talk about how societies throughout history have had varying tolerance for disparities of wealth. That is, the degree to which the economic gap can expand before the unwashed masses rise up and take down the well-scrubbed wealthy few. Think Marie Antoinette and the French Revolution.
October 1, 2010
PLANETARIUM CEILINGS, gold-plated bidets and Louis XIV interiors may have fallen out of fashion for new Boeing Business Jets in this economy, but you can sum up the latest version of this private uber barge in one word: more.
October 1, 2010
ALL TRANSPORTATION METHODS INVOLVE some risk, but corporate/executive business jets enjoy a stellar safety record, with only one fatal accident since 2007. That's according to statistics on U.S.-registered aircraft from Robert E. Breiling Associates, an aviation-safety research firm.
October 1, 2010
One of the big advantages bizav has over airline travel is your ability to get more done by hitting multiple stops in a single day. Now, thanks to in-flight Internet services such as Aircell's GoGo Biz, Inmarsat's SwiftBroadband and ViaSat's Yonder Broadband, you can do more on the way, too.
October 1, 2010
Options at the low end of the charter market-single-engine turbine and piston aircraft as well as VLJs (very light jets)-are expanding. That's good news if you've been priced out of larger jets, want to upgrade an automobile or airline trip without busting the bank or are looking to save money on short flights or when traveling without a large group.
October 1, 2010
From the dictionary: "intangible:...that which cannot be easily defined, formulated or grasped." When it comes to assessing much of the value in flying privately, that term is dead on. True, there are software programs like Travel$ense from the National Business Aviation Association that can help make a strong financial case for business aviation.
August 1, 2010
Embraer entered the light jet market in 2005, promising more for less, and the $8.14 million Phenom 300 delivers. It's fast, has long legs and sports a well-equipped, comfortable cabin with an array of options typically found only in airplanes costing millions more. The Phenom 300 was certified late last year.
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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”
-Howard Guy of Design Q, a UK-based consultancy
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