GlobeAir Growing Cessna Citation Mustang Air Taxi Fleet | Aviation International News

Charter & Fractional

GlobeAir Growing Cessna Citation Mustang Air Taxi Fleet

By Gregory Polek • Senior Editor

May 22, 2013

The economic slump in Europe hasn’t slowed the growth of Austria’s GlobeAir, the air taxi operator that launched operations in 2008 with a pair of Citation Mustangs. During an EBACE briefing, GlobeAir CEO Bernhard Fragner reported a profit of €200,000 ($260,000) last year and projected further positive results for 2013.

In the five years since its establishment the company has added another nine Mustangs, creating the world’s largest homogeneous fleet of the four-passenger jets. “From the onset we knew there had to be a more efficient way of running a private jet business successfully,” said Fragner. “The shift in the charter market and the resulting downgrading has actually been very beneficial to us. Not only has the VLJ [very light jet] sector in general gained strength, GlobeAir has flourished and I expect that we will continue to grow in the coming three years.”

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