New fractional ownership scheme for business aircraft launched in South Africa

Africa’s first fully commercial aircraft fractional ownership programme has been launched by a company specially created to provide this service, SoterJets, which is a subsidiary of South Africa’s CFS Aviation Group. This service provides aircraft ownership with cost certainty and operational simplicity. “This marks a significant milestone not only for SoterJets, but for business aviation in Southern Africa,” highlighted CFS Aviation Group CEO Justin Reeves. “For many years, fractional ownership has been an underserved opportunity in the regional business aviation market. We have transformed that opportunity into a focused, fully operational, and commercially proven programme. The speed at which we fully subscribed and successfully delivered our first aircraft demonstrates both the demand for this model and the confidence that investors have placed in the SoterJets proposition.”

Raccontata daengineeringnews.co.za