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Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets , Flexjet , Cirrus Aviation Services , and AirSprint .
It is the successor company to South East Asian Airlines and Tigerair Philippines. [4] It is now owned by JG Summit , the parent company of Cebu Pacific which operates the airline. The airline's main base has been transferred from Clark International Airport in Angeles City to Ninoy Aquino International Airport in Metro Manila .
Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
Flexjet is a provider of fractional jet ownership, leasing, and jet card services as well as private helicopter fractional, leasing and charter services. Directional Aviation, the private investment firm founded by aviation entrepreneur Kenn Ricci , has owned Flexjet since 2013. [ 2 ]
The ATR 72 is a twin-engine turboprop, short-haul regional airliner developed and produced in France and Italy by aircraft manufacturer ATR (Aerei da Trasporto Regionale or Avions de transport régional), a joint venture formed by French aerospace company Aérospatiale (now Airbus) and Italian aviation conglomerate Aeritalia (now Leonardo S.p.A.).
Fractional ownership companies like Pacaso and Colorado-based Lifestyle Asset Group buy expensive homes in resort destinations, like the Cape and Islands, sunny Los Cabos, or top ski destination ...
Velocity, Inc. is an American kit aircraft manufacturer. The company was founded in 1984 by Danny Maher, marketing a four-seat homebuilt aircraft based on the Long-EZ design.
The Diemech TP 100 is an American turboprop and turboshaft aircraft engine that was under development by Diemech Turbine Solutions of DeLand, Florida in 2012. [1] [2]By June 2017 the company website had been taken down and it is likely that the company is out of business and engine development ended.