NetJets allows individuals or companies to buy as little as a one-eighth interest in a business jet aircraft, depending on the flight hours needed.
NetJets fractional aircraft ownership allows individuals and companies to buy a share of a private business jet at a fraction of the cost of whole aircraft ownership, and guarantees availability 365 days a year with just a few hours' notice.
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True, it has focused on smaller aircraft, but the regional-jet business has, if anything, been much tougher than that for long-haul aircraft: witness the recent bankruptcy of Fokker, the previous market leader, not to mention the sluggish progress of plenty of government-backed aerospace projects.
The fuselage and other parts of the airplane resemble the Piaggio Avanti that has become so successful as a jet-speed, affordable business aircraft.
About 700 African entrepreneurs and companies (not including the scheduled airlines) currently own or lease nearly 1, 200 jet and turboprop aircraft for business purposes.
Each new design, whether airliner or business jet, has faced issues that were discovered only after the aircraft was placed into routine service.
The demand for larger-scale private and corporate jets has been such that the major aircraft manufacturers, Airbus and Boeing, now offer modified versions of their passenger aircraft -- the Boeing BBJ (Boeing Business Jet) and Airbus CJ (Corporate Jet).
Jet engine and other aircraft orders rose 11% and the energy infrastructure business posted a 9% increase over the same period a year ago.
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Cessna Aircraft used Dassault's software to design a new entry-level business jet, the Citation Mustang.
As a business aircraft, those airliner qualities proved particularly beneficial: The Legacy offered a huge cabin, midsize jet price tag, reliability, maintainability and excellent operating economy.
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The Jet Business also now has its own software to help clients to specify the fancy interiors they want in their aircraft (now including helicopters).
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