AIN 2012 Fractional & Charter Market Special Report - Part One
Companies interviewed for this year’s fractional and charter market special report indicate that business is decent, although nowhere near the pre-recession pace of 2005 and 2006. The fractional-share business, at one time assumed by many to be dying or at least permanently flat, is growing, but still at a slow rate. The fact that Cessna’s CitationAir has transitioned to a charter/management business model has helped some fractional providers generate new business. Most of the providers continue to see a steady flow of customers; the leader here is obviously NetJets, with its huge fleet and commensurate multibillion-dollar orders for hundreds of new jets. But NetJets isn’t the only game in town, and other fractional providers are adding new aircraft, too, slowly but steadily renewing fleets with more modern aircraft.
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