A newcomer to the shared private aviation market hopes to attract customers with a combination of customized rates and eye-catching aircraft. SevenJet is based in St. Petersburg, FL but is a subsidiary of C&L Aviation Group, located in Bangor, ME. And although the current fleet consists of just ten craft, SevenJet founders hope that their years of industry experience and customer service will result in significant growth.
Since 2004, Destination M has been providing vacation experiences for its members. This equity destination club recently changed its name from M Private Residences. The non-profit club owns luxury vacation homes around the world.
If you have flown commercially in recent months, you have no doubt experienced the inconvenience of lengthy TSA security checks. While major airports such as LAX can have waits of up to three hours, even travelers through smaller airports can face long delays and missed flights. For example, those booked on early morning flights from smaller regional airports may find that the TSA desk opens just thirty minutes before scheduled departure.
Cleveland-based Directional Aviation recently announced a restructuring within the company, transitioning its Flight Options brand from a fractional provider to an on-demand operator. This will effectively leave two national fractional providers: Flexjet, which is also part of the Directional Aviation family, and Columbus-based NetJets.
Fractional private aviation company Flexjet recently announced an addition to its service line-up with the new Global Access program, which provides access to larger aircraft capable of long-range flight. Flexjet’s Senior Vice President of Sales, DJ Hanlon, says that this flexible membership program will “extend clients’ abilities to fly outside of North America and still enjoy the consistency and level of service they have come to expect.”
Luxury destination club Inspirato now has even more options to offer members, with the addition of 99 new properties to their portfolio. The expanded property list also adds several new destinations for members to enjoy.
The data from the General Aviation Manufacturers Association (GAMA) shows sales in 2015 were at the same level as 2014. The annual databook reported 718 new business jets sold worldwide in 2015 compared to 722 unit sales in 2014. Here are some of the highlights and the sales by manufacturer.
The Gulfstream G450 entered production in October 2004. Twelve years later, its reliability, performance, and value continue to impress those in the aviation industry, and it remains a leader in its class. Here is a breakdown of the costs you should expect to incur, if you choose to own and operate a Gulfstream G450.
Equity Residences manages private investment funds that own multiple vacation properties, which are enjoyed by the funds’ limited partners. They recently closed their first fund to new investors and have started funding their second investment fund.
Philip Mekelburg is the CEO and founder of Equity Estates. I recently talked to him about the equity destination club, it’s growth in 2015 and plans for 2016.
People buy aircraft for a variety of reasons. Both emotions and logic can come into play in making a big purchase decision like this, but as with any major investment, buying a private plane is something that should be well thought through and considered from several angles. We spoke to a number of experts, in this field to go through the steps involved in the purchase process.
The destination is remote, exotic...the perfect retreat. Sometimes however the more exclusive the locale, the more challenging it can be to get there. Some desirable locations have small airports and even smaller runways. Others can be nestled in areas surrounded by mountains, water or cliffs, making it a challenge for pilots to access them. Combined with all this, many of these locations can have extreme weather conditions that add to the challenges.
In addition to enjoying the luxury vacation homes in some of the finest destinations around the world, members of equity destination clubs are able to benefit from a host of additional perks. In this article, we take a look at some of the extra benefits that come with membership in four popular clubs or residence funds.
2015 seems to have been a successful year for the private aviation industry, and Delta Private Jets (DPJ) is no exception. The company announced that jet card and charter sales had reached an all-time high, and the company had achieved record revenues.