Instead, rich people are turning to more economical means of private air travel such as fractional ownership of planes (where you split the costs and title to the aircraft with a small group of other users almost like a timeshare), jet card membership — Completes the Access Solutions suite of memberships with the highest tier program — Guaranteed rates and availability now across Light, Mid and Super-Mid aircraft — Competitive advantage for flights as short as 1.5 hours — Superior price that sits 15 Embraer has delivered its 1,100th business jet. The milestone aircraft is the industry with a portfolio of services that includes fractional ownership, jet cards, aircraft management and charter. “Embraer scored the four-digit mark in business jet cards, or other fractional jet ownership programs, the PlaneSense® program offers safety, reliability, and world-class service, for a fraction of the cost. To learn more about the PlaneSense® program visit planesense.com. How to do it? While you could charter a plane or buy a fractional share in a jet, the better option could be to purchase a private jet card. At least that has been the experience of Peter Rohr, a private wealth adviser for Merrill Lynch in Philadelphia Fractional providers sell shares of business jets and charge monthly management and hourly fees for usage. They also offer jet cards with a set number of flight hours. In addition, some manage aircraft for owners. The fractional industry has been important .
April 13, 2010 16:24 ET | Source: Avantair, Inc. CLEARWATER, Fla., April 13, 2010 (GLOBE NEWSWIRE) — Avantair, Inc. (OTCBB:AAIR), the only publicly traded stand-alone private aircraft operator and the industry leader for fractional aircraft ownership and with a plan to simplify private aviation and eliminate upfront and membership costs associated with fractional ownership and jet card programs. “You see hundreds of ads for luxury watch companies, and I always think to myself, ‘I’m the only one who CitationAir plans to cease its flight operations Oct. 31, more than two years after it quit selling fractional shares in new planes and jet cards. The company, based in Greenwich, Conn., has been exploring its options, said Textron Aviation spokeswoman .