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The annual survey from Ragatz Associates shows an increase of 4% in the total sales for various shared ownership properties in 2013.
The General Aviation Manufacturers Association (GAMA) has recently released their 2013 General Aviation Statistical Databook & 2014 Industry Outlook. The report included data on sales of new business jets in 2013, which showed a small 0.9% increase in the number of planes sold, from 672 in 2012 to 678 in 2013.
JETNET, a provider of corporate aviation data and information, recently released 2013 year-end results for the pre-owned business jet, business turboprop, helicopter and commercial airliner markets. The data continues to show a buyer's market, but with a continued drop in for-sale inventories across all pre-owned market sectors with the exception of turbine helicopters.
One of the largest destination clubs, Exclusive Resorts, has recently started to allow members to resell their memberships. This change was one of a group of enhancements that the club introduced earlier this year as part of its 10th anniversary.
We are launching a new series of interviews with executives from various destination clubs. Our first interview is with Rob Vaka, Chief Giving Officer of G2G Collection. While G2G Collection was founded in 2013, Rob was previously with Equity Estates.
Private jet company, Nicholas Air, was founded in 1997 by Nicholas Correnti as an aircraft management company. Over the years, they've added an array of private jet programs, including a jet card, a fractional jet share, and an aircraft lease program. Nicholas Air operates in and out of 9,000+ airports in the US, and has had 17-years of accident-free operations. Their fleet of Pilatus PC-12s, Phenom 100s, and Phenom 300s are 5 years or newer and allow customers to choose the most economical aircraft for their mission.
The Canadian equity destination club has just acquired two 3,000 square foot, three-bedroom homes in The Rocks Luxury Residence Club in North Scottsdale, Arizona.
For the members of the equity destination club, Equity Residences, there are now dozens of new destinations to choose from. The clubs homes join the global network of luxury residences in Elite Alliance. This includes destinations around the world, such as Napa Valley - California, Florence - Italy, Southampton – Bermuda, Great Exuma – Bahamas, Cabo San Lucas – Mexico, Deer Valley – Utah, La Quinta – California and Sedona – Arizona.
While commercial airlines continue to cut back on food and beverage options available to passengers, private aircraft travelers have numerous options for meals and snacks aboard their flight. SherpaReport had the opportunity to talk with Manda Redfern, Flight Options Catering Services Manager, and Marialena Barnard, Sentient’s Senior Manager of Client Operations, about the options their companies offer owners and clients.
Destination club Exclusive Resorts has recently announced a new travel card available exclusively in Canada. Similar in structure to a jet card, the Gateway Card offers travelers twenty-one travel days over a three-year period. The travel options include the entire portfolio of Exclusive Resorts' homes - over three hundred, multimillion-dollar homes with two to five bedrooms in seventy-five different destinations.
Every year, tens of thousands of companies use private aviation services, including private jets, turboprops and helicopters. While many may think that the typical passenger is a senior manager from a Fortune 500 company, the truth is, those travelers are actually in the minority of private aviation customers.
Both of these UK based clubs have continued to grow and expand over the last few years. Both offer fully serviced vacations at luxury villas, residences and city apartments. So how do they compare to each other? Read on....
In announcing results for last year, Sentient Jet saw key metrics rise to levels not seen since 2008. The company sold over 32,000 hours in 2013, which is the equivalent of more than 1,300 25-Hour Jet Cards, and grew revenue to more than $150 million.
While private jets provide much more flexibility for travelers than flying commercial, sometimes that still isn't flexible enough. Travelers flying in the Boston to Washington DC corridor, who need the flexibility of landing on a heliport or private landing spot may consider a helicopter charter, fractional ownership, or flight card from Associated Aircraft Group (AAG). AAG, which has been in business for over 20 years, started offering fractional helicopters in 1999. They have nine Sikorsky S-76 six- and seven-passenger cabin helicopters, that can be booked 24/7, 365 days per year.