Timeline -- Fractional's Rise, Fall, And...

With the news that Bombardier's FlexJet business-jet fractional-ownership operations is being bought (for $185 million) by the owner of another fractional, I thought it might be informative to track the rise and fall -- and rise again? -- of the phenomenon.

1986 - Ex-Goldman Sachs exec Richard Santulli creates NetJets: first fractional program

1995 - Bombardier creates Flexjet: first manufacturer-owned fractional

1996 - NetsJets Europe formed; PlaneSense offers fractional PC-12s

1997 - Raytheon Aircraft (once and future Beechcraft) forms Travel Air

1998 - Warren Buffett's Berkshire Hathaway buys NetJets; 
           Kenn Ricci forms Flight Options: first pre-owned fractional

2000 - Cessna establishes CitationShares

2001 - Marquis Jet introduces 25hr pre-paid jet card (with NetJets)

2002 - Flight Options merges with Travel Air

2003 - AvantAir offers fraction P.180 Avantis;
           Ricci leaves Flight Options

2008 - Ricci returns to Flight Options as CEO

2009 - Santulli leaves NetJets;
           Ricci's Directional Aviation Capital acquires stake in Flight Options;
           Cessna rebrands fractional program CitationAir

2010 - Netjets buys Marquis 

2011 - NetJets places $6.7bn orders/options for Bombardier Globals

2012 - CitationAir ceases fractional sales
           Directional Aviation buys Sentient Jet card/charter operation
           NetJets places $7.2bn order with Bombardier; $2.3bn with Cessna

2013 - AvantAir ceases operations; working to restructure
           Marquis founders launch Wheels Up membership program; order 105 King Air 350is
           Directional acquires Flexjet; places $5.2bn in orders/options with Bombardier ...

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