Fractional Jet Industry Undergoing Overhaul

Sep 9, 2009

The fractional jet industry is in the midst of a major transformation caused by shakeups in executive suites, startup failures and questions of survival for some established providers, according to Brian Foley, president of Sparta, N.J.-based Brian Foley Associates.

The recent $1.5 billion cancellation of Bombardier Learjet 60 XR orders and options by Portugal-based Jet Republic should have come as no surprise, said Foley. "A year ago we publicly warned that start-up fractional companies would be particularly vulnerable during this downturn," he said. "But this was especially dramatic because it concerned one of the largest business jet fleet orders ever placed."

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