Fractionalnews.com brings you news and information on fractional, share ownership and timeshares. Aircraft, Jets, Real Estate, Yachts and Vacation Homes. http://www.fractionalnews.com Sat, 04 Jul 2009 19:57:46 +0100 FeedCreator 1.7.2 http://www.fractionalnews.com/images/M_images/joomla_rss.png http://www.fractionalnews.com Fractionalnews.com brings you news and information on fractional, share ownership and timeshares. Aircraft, Jets, Real Estate, Yachts and Vacation Homes. http://www.fractionalnews.com/fractional-aircraft-news/will-corporations-ever-feel-good-about-flying-private-jets-again.html Flight Options introduces program to reenergize the private jet travel marketCleveland, OH - June 22, 2009 – Flight Options unveiled more details today about their revolutionary Phenom 300 Fractional Jet Ownership program, which will bring new vigor to corporations caught in the aftermath of bailouts and belt-tightening. Sun, 21 Jun 2009 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/citationshares-announces-100-percent-residual-value-guarantee.html Guarantee Coupled With Significantly Reduced Pricing Across Entire Pre-Owned Aircraft InventoryGREENWICH, CT., March 23, 2009 CitationShares, a leader in fractional jet ownership, jet card membership and whole aircraft management, this week announced an unprecedented three year, 100 percent residual value guarantee on new purchases of pre-owned fractional aircraft shares. In addition, CitationShares has significantly reduced pricing on all pre-owned aircraft inventory. Fri, 27 Mar 2009 09:52:13 +0100 http://www.fractionalnews.com/fractional-aircraft-news/citationshares-announces-supplemental-lift-for-corporate-aviation.html Part of New Unit to Help Corporations Reduce Travel CostsGREENWICH, CT., March 12, 2009 — CitationShares recently announced a new program called Supplemental Lift which will be offered to corporations and their flight departments seeking to reduce costs and overhead while at the same time providing critical travel services for their businesses. Fri, 27 Mar 2009 09:48:01 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-announces-an-investment-by-directional-capital-and-resilience-capital-partners.html Cleveland, OH March 26, 2009 - Flight Options announces that Directional Capital, an investment firm led by Flight Options Chairman Kenn Ricci, Resilience Capital Partners, a leading private equity firm, and key members of the Flight Options management team have made an additional investment in Flight Options, a leader and innovator within the private aviation industry. H.I.G. Capital also remains an investor. Fri, 27 Mar 2009 09:32:21 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-announces-the-election-of-richard-b-dewolfe-to-its-board-of-directors.html CLEARWATER, Fla. – February 3, 2009 – Avantair, Inc. (OTCBB: AAIR) (OTCBB: AAIRU) (OTCBB: AAIRW), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced the election of Richard B. DeWolfe as a member of its Board of Directors, effective January 29, 2009. DeWolfe is Managing Partner of DeWolfe Company, LLC, a real estate management and investment-consulting firm and serves as a Director and Chairman of the Audit Committee of Manulife Financial Corporation, the parent company of John Hancock Financial Services, Inc. This latest election expands Avantair’s Board to seven members, including six independent directors. Fri, 13 Feb 2009 09:40:47 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-inc.-reports-second-quarter-fiscal-2009-financial-results.html Second Quarter 2009 Revenues Reach Record of $35.4 million; Positive EBITDA for the Quarter of $690,360CLEARWATER, Fla. -- February 12, 2009 -- Avantair, Inc. (OTCBB: AAIR) (OTCBB: AAIRU) (OTCBB: AAIRW), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced financial results for its fiscal second quarter ended December 31, 2008. Wed, 11 Feb 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-inc.-to-present-at-the-21st-annual-roth-capital-partners-oc-growth-stock-conference.html CLEARWATER, Fla. – February 11, 2009 – Avantair, Inc. (OTCBB: AAIR) (OTCBB: AAIRU) (OTCBB: AAIRW), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced that its Chief Executive Officer Steven Santo will present at the 21st Annual Roth Capital Partners OC Growth Stock Conference being held February 16-18, 2009 at The Ritz-Carlton in Dana Point, California. Tue, 10 Feb 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/sentient-flight-group-celebrates-10-year-anniversary.html New Membership Plus and Network Advantage program enhancements extend 10-year history of providing leadership and value in private aviationNEW YORK - February 3, 2009 - Sentient Flight Group, one of the leading private aviation companies in the United States, is celebrating the company's tenth anniversary. Since pioneering the membership approach to private jet travel in 1999, the company established itself as a private aviation leader by offering service, quality, flexibility and value to its clients. Through its three primary business units - Sentient Jet Membership, Sentient Charter, and the AvBuy purchasing division - each of which is growing and profitable, Sentient Flight Group serves over 5,000 customers annually. Mon, 02 Feb 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flexjet-launches-innovative-cost-effective-program-for-quick-turnaround-trips.html • New offer advances Flexjet’s innovation in the fractional jet ownership market• Fractional owners will receive a 15 percent price reduction for each hour of a qualifying round tripDALLAS, FEBRUARY 3, 2009—Flexjet, the fractional business jet ownership program of Bombardier, is rolling out an innovative incentive program for owners making quick turnaround trips. Mon, 02 Feb 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-yacht-and-sailing-news/sailtime-announces-year-end-figures.html People Increasingly Turning To Fractional Boating As Alternative To Boat OwnershipAnnapolis, MD – SailTime® Group LLC, the world leader in fractional boating, announced its year-end figures today, illustrating that more people are looking to fractional boating as an alternative to ownership during the recent economic downturn. According to Wayne Diviney, CEO and President of SailTime®, “Despite the significant drop in boat sales occurring across the industry, SailTime® has seen steady increases in membership and boats being brought into the program as boating enthusiasts seek innovative and affordable ways to keep their boating dreams alive during uncertain economic times.” Wed, 28 Jan 2009 13:42:58 +0100 http://www.fractionalnews.com/fractional-real-estate-news/e3escapes-launches-first-three-dimensional-fractional-home-ownership-program-in-cabo-san-lucas.html The Villa Las Palmas Collection , an ultra-luxury fractional home ownership opportunity in Cabo San Lucas includes the amazing 13,000 sq. ft. Villa Las Palmas, Spartacus at Sea, a 60' yacht with experienced crew and a six-star service that will rival the best hotels and resorts around the world. Prescott, AZ January 26, 2009 -- E3Escapes, E3Escapes.com, has launched the first ever 3-dimensional ultra-luxury fractional home ownership product in Cabo, the Villa Las Palmas Collection, consisting of a 13,000 sq ft mansion, 60' luxury yacht, and 6-star services. A collection, truly the first of its kind within the fractional shared home ownership market, provides a few fortunate owners the exceptional opportunity of experiencing all the excitement of second-home ownership without all the hassles and wasted time that come with management and maintenance. Mon, 26 Jan 2009 12:42:53 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-announces-new-membership-club.html New Club Complements Continued Strong Demand for Fractional Ownership and Time Card ProgramsCLEARWATER, Fla. – January 21, 2009 – Avantair, Inc. (OTCBB: AAIR) (OTCBB: AAIRU) (OTCBB: AAIRW), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced it is offering a new program, unprecedented in the fractional industry. The membership program - ‘The Axis Club’ - will allow a customer to access flight blocks of 25 hours at a set rate for a three-year term. Tue, 20 Jan 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flying-colours-awarded-contract-to-repaint-flight-options-fleet.html CLEVELAND, OH - January 14, 2009 - Flying Colours Corp., an Ontario, Canada-based completion center, announced today that it has been awarded a contract to manage the paint scheme refurbishment for Flight Options, LLC, a leading provider of safe, reliable and luxurious private jet travel services. Fri, 16 Jan 2009 10:05:35 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flexjet-25-card-program-introduces-payment-and-aircraft-selection-options.html Split-payment option facilitates Flexjet 25 jet card ownershipCombination jet card provides customized selection of any two aircraft from the Flexjet 25 full fleet of aircraftDALLAS, Jan. 14, 2008 — The Flexjet 25* Jet Card program, operated by Jet Solutions LLC under FAR Part 135, has introduced two new features giving prospective jet card owners versatile payment and aircraft selection options. Both are available on the full Flexjet 25 fleet of legendary Bombardier business aircraft—including the Learjet 40, Learjet 45, Learjet 60, Challenger 300 and Challenger 604. Tue, 13 Jan 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-yacht-and-sailing-news/fraser-yacht-announces-mexico-charter-program.html Fort Lauderdale, FL. Fraser Yachts is delighted to announce the formation of its Mexico Charter program. This program represents a tremendous milestone since it means that our fleet yachts can now legally charter within Mexican waters and open up new charter destinations such as the Sea of Cortez and the Mexican Riviera between Puerto Vallarta and Manzanillo. Wed, 07 Jan 2009 22:00:00 +0100 http://www.fractionalnews.com/fractional-yacht-and-sailing-news/sailtime-recognized-by-asa-with-outstanding-sailing-school-and-instructor-of-the-year-awards.html SailTime® Channel Islands, SailTime® Boston and SailTime® Orange County Recognized for Sailing Schools and InstructorsAnnapolis, MD – SailTime® Group LLC, the world leader in fractional boating, was honored with three ASA Outstanding Sailing Schools of the Year awards for 2008, recognizing the sailing instructional programs offered at its SailTime® Channel Islands, Boston and Orange County bases. Also, SailTime® instructors from Channel Islands (Captain Dan Ryder) and Orange County (Captain Roger Philips) were recognized as ASA Outstanding Sailing Instructors of the Year for 2008. The award is given annually by the American Sailing Association (ASA), the governing body for sailing schools. Awards are based on surveys completed by graduating students. Sun, 14 Dec 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-news-articles/the-key-to-luxurious-vacations.html (ARA) – You want a luxurious vacation filled with special experiences for your family, but you don’t have hours (or days) to plan it. Selecting a vacation home online isn’t difficult; however, the vacation rental market is fraught with deception, exaggeration, misinformation, lack of assurances and fraud. As a result, finding the right, high-quality home that meets your needs can be a laborious and sometimes impossible process without actually going out and inspecting the properties yourself. Wed, 03 Dec 2008 14:55:05 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-reports-record-thanksgiving-holiday-travel-demand.html CLEARWATER, Fla., Dec. 3, 2008 -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ( the Company ), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that it enjoyed a record number of flights flown during the Thanksgiving holiday, November 25th - November 30th, in sharp contrast to the overall slowdown in demand experienced by major U.S. airlines. Tue, 02 Dec 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/netjets-supports-art-basel-miami-beach-for-seventh-consecutive-year.html WOODBRIDGE, N.J. (December 2, 2008) – NetJets Inc. today announced that it will continue its longstanding support of Art Basel Miami Beach, North America’s premier modern and contemporary art show. NetJets has proudly partnered with the international fair since 2002. Art Basel Miami Beach will run from December 4-7, 2008 at the Miami Beach Convention Center and will feature more than 2000 leading artists exhibited by 220 top galleries from across the globe. Mon, 01 Dec 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/this-holiday-the-sky-is-the-limit-with-the-flexjet-25-expert-guide-edition-jet-card.html Limited edition Flexjet 25 holiday jet cards come with unprecedented one-on-one access to the country’s top expertsDALLAS, Oct. 8, 2008 (www.flexjet25.com/expertguide)—This (http://www.flexjet25.com/expertguide)—This) holiday, those looking to give the gift of a lifetime need look no further than the Flexjet 25 Expert Guide Edition* jet card. Each limited edition card from Bombardier Flexjet—the fractional jet ownership program of Bombardier Aerospace, and Jet Solutions LLC, the air carrier operating the Flexjet 25 program under FAA Part 135—pairs the ultimate experience in private jet travel with an unparalleled opportunity for recipients to explore their passions through exclusive access to world-renowned experts for private, one-on-one experiences. From an inside look into the art world with Barbara Guggenheim, to learning Texas Hold ‘Em from World Poker Tour bracelet winner Antonio Esfandiari, it’s a gift that is sure to soar above the rest. Fri, 28 Nov 2008 21:49:15 +0100 http://www.fractionalnews.com/fractional-aircraft-news/marquis-jet-launches-new-website.html Innovative, Interactive and User-Friendly Website Immediately Establishes Itself as an Industry Resource to Educate Consumers on Flying PrivatelyNew York, NY — October 29, 2008 — Marquis JetSM, the leader in private jet cards, today announced that it has launched its redeveloped and redesigned website at www.marquisjet.com (http://www.marquisjet.com/). The fresh, new site features enhanced content, dynamic functionality and a refined new look, making it the most innovative and informative jet card site on the web. Designed by MGX Lab, the Company’s website contains many new interactive features and visually rich content, including all-new photography, contextual video clips and Card Owner testimonials, fully immersing visitors in the world of private aviation and the Marquis Jet Card ownership experience. Fri, 28 Nov 2008 21:28:51 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-provides-the-best-value-in-the-fractional-industry-with-a-new-15-hour-charter-card.html Avantair Continues to Provide the Best Value in the Fractional Industry With a New 15-Hour Charter Card for $72,750CLEARWATER, Fla., Nov. 24, 2008 -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ( the Company ), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that it is offering a new 15-hour Edge Card at the best value in the industry -- $72,750. Sun, 23 Nov 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/trump-organization-partners-with-sentient-as-official-private-jet-partner.html Sentient and The Trump Organization to Create Unmatched Luxury Travel ExperiencesNEW YORK - November 20, 2008 - The Trump Organization, the global leader in real estate development, property management and luxury hospitality, announced an official partnership with Sentient Flight Group, the nation's leading private aviation company. Wed, 19 Nov 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-new-sales-director-for-the-manhattan-region.html CLEVELAND, Ohio October 14, 2008 - Flight Options, a leading provider of safe, reliable and luxurious private air travel services, announced today that Robert Osvold has been named regional sales director for the Manhattan region. Mon, 13 Oct 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flexjet-partners-with-climate-care-to-launch-carbon-offset-program.html Program enables Flexjet owners to offset environmental impact of their flights Flexjet will pay to offset all non-owner flightsDALLAS, Oct. 6, 2008—Flexjet, the fractional business jet ownership program of Bombardier, today announced a new program providing Flexjet owners the opportunity to offset carbon emissions each time they fly. Climate Care, a world-leading carbon offset provider and a division of JPMorgan’s environmental markets group, has been selected as Flexjet’s partner in this environmental initiative. Mon, 06 Oct 2008 00:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-chief-financial-officer.html CLEVELAND, Ohio September 30, 2008 - Flight Options, a leading provider of safe, reliable and luxurious private air travel services, announced today that Julie Boland has been named Chief Financial Officer. Mon, 29 Sep 2008 22:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/netjets-and-the-netjets-pilots-union-build-on-success-of-2007-collective-bargaining-agreement.html NetJets Aviation and NetJets International to be recognized as single transportation systemWOODBRIDGE, NJ (September 19, 2008) – NetJets has notified the NetJets Association of Shared Aircraft Pilots (NJASAP) of its decision to voluntarily recognize NetJets Aviation (NJA) and NetJets International (NJI) as a single transportation system for purposes of collective bargaining under the Railway Labor Act. Accordingly, the Company will begin to integrate all NJA, NJI and NetJets Large Aircraft pilots into a consolidated system-wide seniority list in accordance with a 2007 letter of agreement between the Company and NJASAP. NJA and NJI will continue to operate as separate companies, and terms of the NJA/NJLA pilot collective bargaining agreement will become effective at NJI on or before Nov. 21, 2010. Thu, 25 Sep 2008 11:05:41 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-new-vice-president-of-human-resources.html CLEVELAND, Ohio September 3, 2008 - Flight Options, a leading provider of safe, reliable and luxurious private air travel services, announced today that Robert Sullivan has been named vice president of Human Resources. Thu, 25 Sep 2008 11:03:18 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-partners-with-sanctuary-on-camelback-mountain.html CLEVELAND, OH September 12, 2008 - Scottsdale, AZ and Cleveland, OH Sanctuary on Camelback Mountain, Scottsdale, Arizona's nationally-lauded boutique resort and spa, is pleased to announce a partnership with Flight Options, one of the country's leading private jet aviation companies. Now, guests of the Mountainside Estates at Sanctuary a collection of private mountain homes enjoy unique access to Flight Options' fleet of 120 aircraft, with no minimum leasing terms or program fees. Flight Options' clients also enjoy preferred access to Sanctuary, including special rates, concierge services, complimentary experiences and Sanctuary's stylish Spa Casitas surrounding the resort's infinity-edge pool as well as Sanctuary Spa. Ultimately, the symbiotic partnership will offer travelers an elevated experience from start to finish. Thu, 25 Sep 2008 11:01:10 +0100 http://www.fractionalnews.com/fractional-aircraft-news/delta-airelite-becomes-first-charter-operator-of-the-falcon-7x-aircraft-in-the-united-states.html Luxury aircraft added to meet continued customer demandCINCINNATI, Sept. 9, 2008 - Delta AirElite Business Jets is proud to become the first charter operator of a 2008 Dassault Falcon 7X in the United States. The aircraft, based in the Rocky Mountain region, was added to the AirElite fleet this month and will fly faster, farther and higher than any Falcon business jet ever built. Mon, 08 Sep 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-new-sales-director-for-the-southeast-region.html CLEVELAND, Ohio August 21, 2008 Flight Options, a leading provider of safe, reliable and luxurious private air travel services, announced today that Eli Flint has been named regional sales director for the Southeast region of the United States. Thu, 21 Aug 2008 13:25:06 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-new-vice-president-of-sales-and-marketing.html CLEVELAND, Ohio August 19, 2008 Flight Options, a leading provider of safe, reliable and luxurious private air travel services, announced today that Jay Heublein has been named vice president of sales and marketing. Mon, 18 Aug 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-elite-services-opens-new-fbo-in-caldwell-new-jersey.html CLEARWATER, Fla., Aug. 14, 2008 -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ( the Company ), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, today announced that effective August 1, 2008, it entered into a Lease Agreement and Operating Agreement for Fueling Service(s) with the Essex County Improvement Authority. The agreements provide the Company with a fixed base operation ( FBO ) at Essex County Airport (KCDW), located in Caldwell, New Jersey. Wed, 13 Aug 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/dps-sporting-club-development-llc-selects-marquis-jet-for-strategic-alliance.html NEW YORK CITY- NY, (August 14, 2008) - DPS Sporting Club Development, LLC, luxury developers of world-renowned residential sporting communities in historic locations, has strategically aligned with Marquis Jet, the leader in private jet cards, providing Card Owners with access to NetJets®, the gold standard in private aviation, 25 hours at a time. Wed, 13 Aug 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/sentient-jet-holdings-to-sell-to-macquarie-partners.html Jet Membership, Charter and Fuel Management Business Units IncludedAgreement Will Separate Sentient Jet Holdings Into Two Standalone CompaniesFormer Sentient CEO, Steven Hankin, To Lead New, Macquarie-Owned Company, which will retain the Sentient brand nameWEYMOUTH, MASS, August 13, 2008 - Sentient Jet Holdings announced today it is separating into two standalone companies. The aircraft management and charter operations, technical services and FBO business units will form one company and the jet membership, retail charter brokerage and fuel management business units will form the second company. As part of the split, Macquarie Global Opportunities Partners (MGOP) has entered into an agreement to acquire the jet membership, retail charter brokerage and fuel management businesses, which will retain the Sentient brand name. The transaction is expected to close in late August. Terms were not disclosed. Tue, 12 Aug 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/change-is-in-the-air-flight-options-and-pilots-union-announce-joint-cooperation.html CLEVELAND, Ohio August 11, 2008 Flight Options, a leading provider of safe, reliable and luxurious private air travel services, and the International Brotherhood of Teamsters Local 1108 announced today an unprecedented expression of mutual cooperation. Both labor and management have pledged to put their past differences aside and instead dedicate their efforts to achieving common goals. Sun, 10 Aug 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flight-options-names-new-chairman-and-chief-executive-officer.html CLEVELAND, Ohio July 21, 2008 - Flight Options, a leading and highly innovative private jet company, today named Kenn Ricci as chairman and Mike Silvestro as chief executive officer of the business. Sun, 20 Jul 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-reports-a-significant-increase-in-fractional-shares-sold-during-the-fiscal-fourth-quarter.html Company Reiterates Guidance for ProfitabilityCLEARWATER, Fla. – July 15, 2008 – Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) (“the Company”), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, today announced preliminary fractional share sales results for its fiscal fourth quarter ended June 30, 2008. Mon, 14 Jul 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/fleet-expansion-continues-at-delta-airelite.html New Cessna CJ2+ Latest Aircraft Added to Charter FleetCINCINNATI, July 7, 2008 - Delta AirElite Business Jets continues to expand its fleet in response to strong customer demand. A 2007 model Cessna Citation CJ2+ based in Atlanta, Ga. has been added and will be flown under Delta AirElite’s FAR Part 135 operating certificate. Sun, 06 Jul 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-announces-sales-of-18-embraer-phenom-100-aircraft-to-executive-airshare-corporation.html Company Further Strengthens Balance Sheet With $3.2 Million Sale And Focuses Core Operations on the Light Jet CategoryClearwater, Florida (July 1, 2008) – Avantair Inc. (OTCBB: AAIR, AAIRU, AAIRW) (“Avantair”), the only publicly traded stand-alone fractional operator and the sole provider of fractional shares in the Avanti P.180 aircraft, today announced that it has entered into a purchase agreement with Executive AirShare Corporation (“Executive AirShare”), pursuant to which Executive AirShare will purchase 18 of Avantair’s 20 Embraer Phenom 100 aircraft for cash proceeds of approximately $3.2 million. Mon, 30 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/bombardier-flexjet-named-best-of-the-best-in-flight-services-by-robb-report.html Bombardier Flexjet recognized for providing “perhaps the best, most consistent service in the business” and as the fastest-growing fractional business jet operatorDALLAS, June 30, 2008 — Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, has earned the “Best of the Best” distinction among private aviation providers by Robb Report in its 20th annual “Best of the Best” issue published in June 2008. Bombardier Flexjet was recognized for providing “perhaps the best, most consistent service in the business,” as reported by many aviation consultants assisting Robb Report in compiling its list. In addition, Bombardier Flexjet was recognized as the fastest-growing fractional business jet operator. Sun, 29 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/citationshares-selected-for-robb-report-best-of-the-best-issue-in-flight-services-category.html GREENWICH, CT., June 20, 2008 – CitationShares, one of the nation's largest business jet fractional ownership companies, was named by the Robb Report as one of the Best of the Best in the Flight Services category in the magazine's current issue. Thu, 19 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/netjets-signs-1.9-billion-deal-with-gulfstream.html Company to Add Additional G450s and G550s to Its Fleet Woodbridge, NJ, June 20, 2008 – NetJets, the worldwide leader in private aviation, announced today that it will significantly expand its fleet of large-cabin Gulfstream G450s and Gulfstream G550s. In a new agreement signed with Gulfstream valued at $1.9 billion, NetJets will acquire a total of 40 new Gulfstream aircraft - four Gulfstream G450s and four Gulfstream G550s to be delivered each year from 2012 through 2016. This deal also includes a long-term maintenance support agreement. Thu, 19 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-real-estate-news/ritz-carlton-club-launches-give-back-getaways.html New Volunteer Program for Club Members ORLANDO, Fla. – June 18, 2008 – The industry’s leading fractional ownership brand – The Ritz-Carlton Club – now provides Members with the opportunity to volunteer their time and contribute to the local community in which they vacation. “Give Back Getaways” is a new initiative created by The Ritz-Carlton Hotel Company, LLC through its social and environmental responsibility program, Community Footprints. Working side-by-side with family, friends and the Ladies and Gentlemen of The Ritz-Carlton Club, Members will receive rich and inspiring experiences while making a positive impact in the lives of others. Tue, 17 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-real-estate-news/ritz-carlton-club-moves-into-vails-lionhead-village.html Brand’s Third Fractional Ownership Property in ColoradoVAIL, Colo. – June 16, 2008 – The Ritz-Carlton Club – the industry’s leading private residence club – introduces its 10th Club to one of the country’s most sought-after ski destinations, Vail, Colo. The Ritz-Carlton Club, Vail will be developed at the base of Vail Mountain in LionsHead Village and neighboring the banks of Gore Creek, offering a proposed 45 fractional Club residences featuring Vail’s traditional Bavarian-style architecture hailing from ski resorts in Europe Sun, 15 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/jockeys-continue-charitable-donations-at-netjets-sponsors-final-triple-crown.html Thoroughbred Charities Benefit From Innovative PromotionWOODBRIDGE, N.J. (June 6, 2008) – Following successful Kentucky Derby Day and Preakness promotions facilitated by NetJets Inc., Jockeys John Velazquez and Edgar Prado today presented four Thoroughbred industry charities with donations on behalf of The Jockeys’ Guild. This marks the completion of an innovative Triple Crown collaboration facilitated by NetJets Inc. In all three Triple Crown Races the NetJets logo was worn by the riders as part of this promotion. Fri, 06 Jun 2008 12:31:18 +0100 http://www.fractionalnews.com/fractional-aircraft-news/netjets-announces-partnership-with-the-new-york-racing-association.html June 6, 2008 - NetJets, the world’s leading private aviation company, has reached an agreement with the New York Racing Association for an extensive, multi-tiered presence at Saratoga Race Course for the 2008 racing season. The deal includes under-the-rail signage, race sponsorship, and hospitality, and was reached in conjunction with ABC Regional Sports Sales. Fri, 06 Jun 2008 12:27:54 +0100 http://www.fractionalnews.com/fractional-aircraft-news/flexjet-and-jet-solutions-announce-learjet-40-and-challenger-300-additions.html The expanded offering provides jet card owners access to a broader choice of state-of-the-art Bombardier aircraft.DALLAS, June 5, 2008 — Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, and Jet Solutions LLC, the organization operating Flexjet 25 flights under FAR Part 135, have announced the addition of the Learjet 40 and Challenger 300 business jets to the Flexjet 25 jet card fleet. The addition of the two popular aircraft to the Flexjet 25 fleet provides travel-by-the hour jet card owners access to Flexjet’s full fractional fleet of legendary Bombardier business-aircraft—the Learjet 40, Learjet 45, Learjet 60, Challenger 300 and Challenger 604 aircraft. Wed, 04 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/marquis-jet-card-names-best-jet-card-program-for-fifth-straight-year.html June 04, 2008 – New York, NY – Marquis JetSM , the leader in private jet cards, was recognized for the fifth consecutive year as the Best Jet Card Program: Fractional by Robb Report in its 20th annual June “Best of the Best” issue. The Marquis Jet Card program was awarded the top honor based on the quality and ease of Marquis Jet Card ownership resulting from Marquis Jet’s exclusive access with NetJets® and the highly attractive value-added benefits available to Marquis Jet Card Owners. Tue, 03 Jun 2008 23:00:00 +0100 http://www.fractionalnews.com/fractional-aircraft-news/avantair-maintains-the-youngest-fleet-and-lowest-fuel-surcharges-in-the-fractional-industry.html CLEARWATER, Fla., May 29, 2008 -- Avantair Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ( Avantair ), the only publicly traded stand-alone fractional operator and the exclusive provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that it maintains the youngest fleet in the fractional aircraft industry along with the lowest fuel surcharge. Wed, 28 May 2008 23:00:00 +0100