Charter & Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
Jet Token would draw from the Global Emerging Markets' investment after it goes public.
Argus has awarded Thrive Aviation its Platinum safety rating, the award comes as Thrive is rapidly expanding its owned and managed fleet of business jets.
Following its acquisition of aircraft charter and management provider Gulf Coast Aviation, Volato has introduced its own aircraft management business.
Though Wheels Up's second-quarter revenues increased 49 percent YOY, to $425 million, its losses in the three-month period ballooned to $92.7 million.
Unscheduled maintenance services are now available to Embraer business jet operators under a new partnership with Voar Aviation.
Dubai-based Vista Global Holding said member growth across all of its business jet services platforms hit 43 percent in the first half of this year.
ATP Flight School has placed more than 1,250 pilots in the past 12 months.
Luxaviation is seeing 1,000 or more charter inquiries a day from clients seeking summer travel.
Wheels Up Part 135 operations led all others in the the first half of the year, but EJM, Solairus, and Jet Aviation each saw significant gains, Argus said.
Volato offers pilots first-year pay of $150,000.
