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Foreign Ownership of a Fractional Company

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One curiousity of the arrangement. Part 135 requires the operator to have "exclusive use" of at least one aircraft. Since all of the Lears and Challengers are operated by Flexjet as well, BJS needed an "exclusive" plane. The certificate lists a Cessna 172.

(You can look it up!)

I'm 99.999% sure that is an urban myth. Where can that be looked up?

One of the lear 60s is a 135 only airplane, which is because of that requirement.
 
I'm 99.999% sure that is an urban myth. Where can that be looked up?

One of the lear 60s is a 135 only airplane, which is because of that requirement.

§ 135.25 Aircraft requirements.



(2) Is in an airworthy condition and meets the applicable airworthiness requirements of this chapter, including those relating to identification and equipment.

(b) Each certificate holder must have the exclusive use of at least one aircraft that meets the requirements for at least one kind of operation authorized in the certificate holder's operations specifications. In addition, for each kind of operation for which the certificate holder does not have the exclusive use of an aircraft, the certificate holder must have available for use under a written agreement (including arrangements for performing required maintenance) at least one aircraft that meets the requirements for that kind of operation. However, this paragraph does not prohibit the operator from using or authorizing the use of the aircraft for other than operations under this part and does not require the certificate holder to have exclusive use of all aircraft that the certificate holder uses.

(c) For the purposes of paragraph (b) of this section, a person has exclusive use of an aircraft if that person has the sole possession, control, and use of it for flight, as owner, or has a written agreement (including arrangements for performing required maintenance), in effect when the aircraft is operated, giving the person that possession, control, and use for at least 6 consecutive months.
 

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