Whither Fractional Ownership? Part 1: The State of the Industry
Like all segments of business aviation, fractional ownership took a heavy hit during the “Great Recession of 2008.”
With the economy in the cellar, travel needs diminished and aircraft values plummeting, cash-hungry shareholders lined up in droves to sell their fractions back to the providers since those were among the few sure instruments of liquidity. To survive the downturn, some fractional companies “reinvented” themselves, while at least one major player absorbed its losses by drastically reducing its fleet and falling back on the resources of its wealthy parent.
More here- http://www.aviationweek.com/aw/gene...s/bca/2012/01/01/BC_01_01_2012_p28-400917.xml
Like all segments of business aviation, fractional ownership took a heavy hit during the “Great Recession of 2008.”
With the economy in the cellar, travel needs diminished and aircraft values plummeting, cash-hungry shareholders lined up in droves to sell their fractions back to the providers since those were among the few sure instruments of liquidity. To survive the downturn, some fractional companies “reinvented” themselves, while at least one major player absorbed its losses by drastically reducing its fleet and falling back on the resources of its wealthy parent.
More here- http://www.aviationweek.com/aw/gene...s/bca/2012/01/01/BC_01_01_2012_p28-400917.xml
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