Contributor - Accidents and Regulations

Contributor - Accidents and Regulations

Gordon Gilbert

Cessna Caravan dealer J.A. Aero and charter/management company Planemasters at Chicago’s Dupage Airport have started selling shares in a Cessna Grand Caravan fractional aircraft ownership program called CaravanShares. The program is intended to serve owners needing to travel within a 500-mi radius of Chicago, but there is no limit to distance or even occupied hours, according to CaravanShares managing partner Rick Milburn. Owners will be entitled to reserve an aircraft up to 43 days per year for each one-eighth share purchased. A one-eighth share is priced at $228,500. Monthly management fee is $1,800 and the hourly occupied rate is $320. Six new Grand Caravans have been ordered, with the first scheduled to arrive in September, a spokesman said.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

Chicago Operators Start CaravanShares Frax

Cessna Caravan dealer J.A.

2024 Corporate Aviation Leadership Summit

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News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Share price returns above $1 mark

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News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

New developments at airports including regulations and noise issues; legal disputes; openings, acquisitions and mergers.

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News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Upon completion next year, it will join the fractional operator’s growing network

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Geopolitical conflicts increasing complexity

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New developments at FBOs including regulations and noise issues; legal disputes; openings, acquisitions and mergers.

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