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Fractional Ownership Of Aircraft
Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, Cirrus Aviation Services, and AirSprint. Alternatively, owners can join together to purchase their aircraft, independently of any management company. Fractional aircraft ownership allows individuals to purchase a share of an aircraft, instead of the entire aircraft itself. The price for this share is pro-rated based on the market price of a full aircraft. As a result of this purchase, owners have guaranteed, limited access to the plane or a similar one in the operator's fleet, proportional to the size of their share. Monthly maintenance fees and occupied hourly operating fees are required of fractional owners. Typically, the latter is charged only when an owner or guest is on board, not during the plane's travel to a pickup point or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Ownership
Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. One of the main motivators for a fractional purchase is the ability to share the costs of maintaining an asset that will not be used full-time by one owner. Every fractional endeavour requires some sort of management, to administer the rules and regulations (which are agreed upon before the fraction is purchased) and maintain the asset to the degree laid out in the ownership documents. Generally, management will oversee the daily operation of more than one property, although it is not necessary. A single fractional asset may be managed by a single entity. Each owner is guaranteed a prescribed amount of access to the asset, which typically can be used or offered to the publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Network Effect
In economics, a network effect (also called network externality or demand-side economies of scale) is the phenomenon by which the Value (economics), value or utility a user derives from a Goods, good or Service (economics), service depends on the number of users of compatible products. Network effects are typically positive feedback systems, resulting in users deriving more and more value from a product as more users join the same network. The adoption of a product by an additional user can be broken into two effects: an increase in the value to all other users (''total effect'') and also the enhancement of other non-users' motivation for using the product (''marginal effect''). Network effects can be direct or indirect. Direct network effects arise when a given user's utility increases with the number of other users of the same product or technology, meaning that adoption of a product by different users is complementary. This effect is separate from effects related to price, suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jet Card
A jet card is a private aviation product that enables holders to use different aircraft at agreed-upon fixed hourly rates. Jet cards are offered by large and small fleet operators and charter brokers. There are as many as 65 variables between jet card companies, according to Private Jet Card Comparisons, a buyer's guide to jet card programs. Traditional jet card programs are prepaid hours of occupied flight time on a given aircraft or size of aircraft. Some programs include not only jets, but turboprops. The term "jet card" can also refer to prepaid private jet charter programs that have similar attributes. Notable jet card providers include Air Partner, Airstream Jets, Flexjet, Marquis Jet (NetJets), and Wheels Up. Jet card history The first jet card was created in 1997 by Paul A Svensen, the founder of Sentient Jet, a charter broker located in Quincy, Massachusetts. The jet card was developed in response to the highly popular fractional ownership programs of the time offered b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Taxi
An air taxi is a small commercial aircraft that makes short flights on demand. History The concept of air taxis existed as early as the 1910s. This concept goes back as early as 1917 with Glenn Curtiss’ prototype, the auto-plane. Furthermore, during the 1920s to the late 1950s, various inventors created their own prototypes. Such inventors included Henry Ford, Waldo Waterman, and Moulton “Molt” Taylor. However, each of these projects faced challenges which included crashes, lack of funding, or technical difficulties. After all this experimentation and challenges faced, the urban air mobility industry had shifted focus on “improving safety and enhancing economic and operational efficiency of vertical flight". The next phase from the 1950s to the late 1980s included urban air mobility services through the use of helicopters within major cities such as Los Angeles, San Francisco, and New York (state), New York; however, the challenges of fuel costs and safety have made it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Charter
Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a ticket through a traditional airline). Regulation Charter – also called air taxi or ad hoc – flights require certification from the associated country's civil aviation authority. The regulations are differentiated from typical commercial/passenger service by offering a non-scheduled service. Analogous regulations generally also apply to air ambulance and cargo operators, which are often also ad hoc for-hire services. United States In the United States, these flights are regulated under FAA Part 135. There are some cases where a charter operator can sell scheduled flights, but only in limited quantities. As of 2021, the FAA had made it a priority to crack down on unauthorised charter flights, according to industry experts. Types of service There are several business models which offer air charter services from the traditional cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avantair
Avantair was an aircraft fractional ownership company, headquartered at Clearwater, Florida, U.S.A.. Avantair provided fractional ownership, leasing and time card options within a fleet of twin-turboprop-engined P.180 aircraft. Avantair operated the largest fleet of Piaggio P180 aircraft in the world with a total fleet size of 56 aircraft as of June 2012. The company went out of business in 2013. History Avantair was founded in July 2003 as the exclusive fractional provider of the Piaggio Piaggio Group () is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under five brands: Piaggio, Vespa, Aprilia, Moto Guzzi and Derbi. Its corporate headquarters are ... P.180 aircraft and in February 2007, became the only publicly traded (AAIR) stand-alone, private aircraft operator in the industry. Avantair grounded its fleet in October 2012 following an incident in which an elevator separated from the t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cessna
Cessna () is an American brand of general aviation aircraft owned by Textron Aviation since 2014, headquartered in Wichita, Kansas. Originally, it was a brand of the Cessna Aircraft Company, an American general aviation aircraft manufacturing corporation also headquartered in Wichita. The company produced small, piston-powered aircraft, as well as business jets. For much of the mid-to-late 20th century, Cessna was one of the highest-volume and most diverse producers of general aviation aircraft in the world. It was founded in 1927 by Clyde Cessna and Victor Roos and was purchased by General Dynamics in 1985, then by Textron in 1992. In March 2014, when Textron purchased the Beechcraft and Hawker Aircraft corporations, Cessna ceased operations as a subsidiary company, and joined the others as one of the three distinct brands produced by Textron Aviation. Throughout its history, and especially in the years following World War II, Cessna became best known for producin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American investor and philanthropist who currently serves as the chairman and CEO of the conglomerate holding company Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. According to ''Forbes'', as of May 2025, Buffett's estimated net worth stood at US$160.2 billion, making him the fifth-richest individual in the world. Buffett was born in Omaha, Nebraska. The son of U.S. congressman and businessman Howard Buffett, he developed an interest in business and investing during his youth. He entered the Wharton School of the University of Pennsylvania in 1947 before graduating from the University of Nebraska at 20. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus on his economics background and soon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Empty Legs
Dead mileage, dead running, light running, empty cars or deadheading in public transport and empty leg in air charter is when a revenue-gaining vehicle operates without carrying or accepting passengers, such as when coming from a garage to begin its first trip of the day. Similar terms in the UK include empty coaching stock (ECS) move and dead in tow (DIT). The term '' deadheading'' or ''jumpseating'' also applies to the practice of allowing employees of a common carrier to travel in a vehicle as a non-revenue passenger. For example, an airline might assign a pilot living in New York to a flight from Denver to Los Angeles, and the pilot would simply catch any flight going to Denver, either wearing their uniform or showing ID, in lieu of buying a ticket. Also, some transport companies will allow employees to use the service when off duty, such as a city bus line allowing an off-duty driver to commute to and from work for free. Additionally, inspectors from a regulatory agency may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Aviation
General aviation (GA) is defined by the International Civil Aviation Organization (ICAO) as all civil aviation aircraft operations except for commercial air transport or aerial work, which is defined as specialized aviation services for other purposes. However, for statistical purposes, ICAO uses a definition of general aviation which includes aerial work. General aviation thus represents the " private transport" and recreational components of aviation, most of which is accomplished with light aircraft. Definition The International Civil Aviation Organization (ICAO) defines civil aviation aircraft operations in three categories: General Aviation (GA), Aerial Work (AW) and Commercial Air Transport (CAT). Aerial work operations are separated from general aviation by ICAO by this definition. Aerial work is when an aircraft is used for specialized services such as agriculture, construction, photography, surveying, observation and patrol, search and rescue, and aerial adver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aircraft
An aircraft ( aircraft) is a vehicle that is able to flight, fly by gaining support from the Atmosphere of Earth, air. It counters the force of gravity by using either Buoyancy, static lift or the Lift (force), dynamic lift of an airfoil, or, in a few cases, direct Powered lift, downward thrust from its engines. Common examples of aircraft include airplanes, rotorcraft (including helicopters), airships (including blimps), Glider (aircraft), gliders, Powered paragliding, paramotors, and hot air balloons. Part 1 (Definitions and Abbreviations) of Subchapter A of Chapter I of Title 14 of the U. S. Code of Federal Regulations states that aircraft "means a device that is used or intended to be used for flight in the air." The human activity that surrounds aircraft is called ''aviation''. The science of aviation, including designing and building aircraft, is called ''aeronautics.'' Aircrew, Crewed aircraft are flown by an onboard Aircraft pilot, pilot, whereas unmanned aerial vehicles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Aviation Regulations
The Federal Aviation Regulations (FARs) are rules prescribed by the Federal Aviation Administration (FAA) governing all aviation activities in the United States. The FARs comprise Title 14 of the Code of Federal Regulations (14 CFR). A wide variety of activities are regulated, such as aircraft design and maintenance, typical airline flights, pilot training activities, hot-air ballooning, lighter-than-air aircraft, human-made structure heights, obstruction lighting and marking, model rocket launches, commercial space operations, model aircraft operations, unmanned aircraft systems (UAS) and kite flying. The rules are designed to promote safe aviation, protecting pilots, flight attendants, passengers and the general public from unnecessary risk. FAR vs. 14 CFR Since 1958, these rules have typically been referred to as "FARs", short for Federal Aviation Regulations. However, another set of regulations (Title 48) is titled "Federal Acquisition Regulations", and this has led ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
