First fractional provider spreads wings in India | Aviation International News

Charter & Fractional

First fractional provider spreads wings in India

Asia is set to get its first full fractional ownership program by year-end.

By Charles Alcock • Managing Editor

January 4, 2008

Asia is set to get its first full fractional ownership program by year-end. Bangalore, India-based Aviators expects to begin operations with three Cessna Citation Excels and three Pilatus PC-12 turboprop singles during the fourth quarter of this year.
Managing director Arun Sharma told AIN that he received his first letter of intent for the Aviators fractional program on February 18. He confirmed that he now has “expressions of interest” covering more than 4,000 flight hours in the two aircraft types being offered.

Following the formula of the U.S.-based NetJets program, Aviators is selling its aircraft in one-sixteenth shares. Each of these amounts to 50 occupied hours per year over the course of the five-year agreement.

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