Seeing the growing success of NetJets, the national shared or “fractional” jet ownership program launched by business whiz Richard Santulli in 1986, others followed suit. Raytheon, then Beechcraft’s owner, started TravelAir. Bombardier begat Flexjet. And so appeared CitationShares, Gulfstream Shares, Flight Options and Avantair. Intrigued, but judging the playing field to be too crowded and pricey, George Antoniadis sought another path. A gentlemanly McKinsey ...

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