Business Jet Traveler » December 2009

December 1, 2009
AMERICA'S ECONOMIC DOWNTURN has dealt a crippling blow to the fractional-share industry. Rapidly declining used-aircraft prices and fewer flying hours over the past year have forced fractional operators to defer aircraft deliveries, cut staff and explore new ways to keep flying.

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Quote/Unquote

“Ride-sharing, in the old days, was everyone hopping in the VW bus to see [the Grateful Dead’s] Jerry [Garcia]. Now it’s about getting a seat on a King Air 350i ”

-Kenny Dichter, CEO of private jet company Wheels Up, who is lining up airplanes to transport fans to three Grateful Dead farewell show in Chicago.