…New Frax Rules…
Some good news came last year in the form of the long-awaited final rule on fractional operations. Known formally as “Regulation of Fractional Aircraft Ownership Programs and On-Demand Operations,” the new rule was published on Sept, 17, 2003, and, for existing frax operators, affects flights conducted after Dec. 17, 2004. Still, industry’s challenge in 2004 […]