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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 .
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
The Republic XF-84H "Thunderscreech" is an American experimental turboprop aircraft derived from the F-84F Thunderstreak.Powered by a turbine engine that was mated to a supersonic propeller, the XF-84H had the potential of setting the unofficial air speed record for propeller-driven aircraft, but was unable to overcome aerodynamic deficiencies and engine reliability problems, resulting in the ...
The 400LS made aviation history on 16 April 1985 by setting two new time-to-climb records for its class (C-1e Group 2, 3000m and 9,000m) and shattering two time-to-climb records for all turboprop classes (6,000m and 12,000m): with retired United States Air Force Brigadier General Chuck Yeager at the helm of N400PS (with co-pilot Renald "Dav ...
The Kestrel K-350 or Kestrel (previously the Kestrel JP10) is a high-performance, single engine turboprop, all-composite, six-seat aircraft. [1] [2]The proof-of-concept (POC) first flew on 29 July 2006 [3] and by April 2010, registered N352F, had logged about 260 hours. [4]
The U.S. added 525,000 square miles to its domain – land that would eventually become part of 10 states. In 1867, the federal government purchased Alaska from Russia for $7.2 million, adding ...
Canadian light aircraft fractional aircraft company OurPlane bid on the entire DayJet fleet of aircraft, offering more than "$500,000 each but less than $1.5 million" each. [70] OurPlane operated a fleet of mostly Cirrus SR22 aircraft up until its entry into bankruptcy in October 2010. [ 71 ]
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...