What is Fractional Ownership of Aircraft?

What is the difference between typical aircraft ownership and fractional ownership of aircraft? As the term implies, with fractional ownership of aircraft, customers purchase but a share of an aircraft as opposed to the aircraft in its entirety. The price of the aircraft is then pro-rated based on the market price of a whole aircraft (more details on sing-jets.com website)
Another term that is commonly used to pertain to fractional ownership of aircraft is “fractional jets”. Its inception began in 1986 by the pioneer in private business jet charter and aircraft management, NetJets. Back then, they were known as Executive Jet Aviation.
Other providers that offer fractional ownership of aircraft include Flexjet and Flight Options. It is also possible to engage in fractional aviation for non-jet aircraft. Such aircraft include PlaneSense’s Pilatus PC-12 fleet, Executive AirShare’s Embraer Phenom 100/300s, King Air 90/350, AirSpirit’s Cessna Citation Excels, Pilatus PC-12s, and Beechcraft King Air 90s and 200s.
Fractional ownership of aircraft changed the landscape of private aviation at an unparalleled scope due to the affordability and convenience that it offers. In fractional ownership of aircraft, an owner is entitled to 50 to 400 hours each year or a specific number of days annually. The specific terms are dependent on the share size purchased or the final agreement reached by the owners. A monthly maintenance fee is required for payment by the fractional owners. In addition to this, there is also a required “occupied” hourly operating fee. The hourly operating fee is required only when the owner is aboard the aircraft and not when the aircraft is in flight and en route to the pickup point or on its way back to the base.
Owners are granted accessibility to the entire fleet of aircraft owned by the aircraft company. It may be possible to upgrade or downgrade the aircraft for certain trips. Once the contract comes to an end, the owner can opt for either selling the share back to the company or to a prospective owner on the waiting list for a position. However, for the latter option, there may be a re-marketing fee that needs to be paid.
What are the most vital components of a fractional contract? These include:

  • Binder/Deposit Agreement
  • Purchase Agreement
  • Master Dry Lease Exchange Agreement
  • Management Agreement

What are some of the benefits of fractional ownership of aircraft?

  • One leg journeys – You only pay for the time that you use the plane. This offers a significant advantage to flying a charted plane where you are essentially covering the cost of the chartered plane’s return to its destination.
  • Consistency – In contrast to charter programs, you fly the same model of aircraft each and every time. While it may be possible to upgrade or downgrade the aircraft, that choice is entirely yours. In other words, with fractional ownership of aircraft, you are paying for familiarity and comfort.
  • Flight plans from the edge of a region or a continent – Obviously, this isn’t something you will be able to do when flying commercially.

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A Review of Frontier’s EarlyReturns Frequent Flyer Program

FFPFrontier’s EarlyReturns frequent flyer reward program is one of the many reward programs that people flying frequently in and out of Denver and the Midwest and all over the United States as well as a number of Caribbean destinations including Jamaica and the Dominican Republic. The company also has a number of routes to Mexico and Central America. EarlyReturns and Frontier Airlines both offer a range of fare options that are designed to make it easy for those who want to fly cheap to find the right flights and accumulate significant points at the same time.
Earning points
Members of the EarlyReturns program can earn flyer points in different ways, the primary method being accumulating flight miles. The program awards points based on the distance an account holder has flown. Higher class seats earn more miles per flight as follows: Basic class seats earn the same miles as the distance flown, with a 500 mile minimum per flight. The Economy class seats earn one EarlyReturns mile per mile flown while Classic seats earn 25% bonus. Classic Plus seats earn the highest points per flight – an additional 50% percent bonus on actual miles flown.
Frontier Airlines partners with Great Lakes Airlines and passengers with an EarlyReturns membership can also earn flight miles when they fly use it. However, you have to book your Great Lakes Airline flight via Frontier’s website. Other ways to accrue EarlyReturns miles include staying at partner hotels including Marriott, Rezidor, Wyndham and Hilton, and travel and car rental agencies including Hertz, Budget, Avis and Frontier Cruises. To accumulate even more points, apply for a Frontier Airlines World MasterCard and accumulate miles with your everyday shopping.
Redeeming points
When you have accumulated sufficient EarlyReturns mileage in your account, there are a number of ways you can redeem them. The most popular is to cash in points for a free flight ticket to almost 100 different destinations in the US, Caribbean, Mexico and Central America. The number of points to redeem to get an air ticket varies between 20,000 and 55,000 depending on the type of ticket (class) and the distance to your destination. You can also redeem these points to get free accommodation at Carlson Rezidor hotels, car rentals at Hertz, Avis and National or Amtrak train tickets.
Frontier Airlines abides by the industry standard 25,000 miles or points redemption for one round-trip ticket within the US. One-way trip tickets are available for half the points redeemable for a round-trip (12,500) but the airline does not offer the option of companion tickets. EarlyReturns Elite members also enjoy a few privileges including 2 checked bags free and Last Seat Availability. There are however no flight upgrade redemption option but members can redeem miles for magazine subscriptions and donate miles to one out of 10 charities.
Pros

  • Generous rewards – including free 500 miles on EarlyReturns account upon sign up.
  • Lucrative bonus offers every now and then including double to triple miles.
  • Wide range of seating and fare options.
  • Members can earn and redeem miles through third-party websites and travel agents.
  • Simple reward system.

Cons

  • Limited destinations to fly to. Larger airlines offer greater points accumulation opportunities.
  • Members can accumulate actual EarlyReturns miles on only one other airline – Great Lakes Airline.
  • An EarlyReturns account can only earn miles on 1 seat per flight.

Wanna know more about all the frequent flyers programs ? Check out this site

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Is Betfair the Best Mobile App For Sports Betting?

As smartphones take over the telecommunications world and as today smartphones become more powerful, faster, lighter and able to do more than older smartphones did, a greater portion of the populace has been forced to adapt to what the devices offer.  With so many functionalities, even betting and sports gambling has gone mobile today, as different developers and online casinos quickly realize that the market is moving to smartphones and leaving the traditional desktop PC.
With so many sports betting applications already in the market, how do you choose the best of them?  Many have claimed that Betfair is one of the best – some actually say the best – sports betting mobile app in the market.  Is it true?  Let’s find out.

a) Availability in different platforms.

Not all of us stick to a particular mobile platform – iOS used to be very popular but of late its glory is being snatched by Android.  If you have an iPhone and wish to switch to Android or vice versa, wouldn’t it be great if your favorite betting app is also available on your new platform?  Betfair is an application available on most leading smartphone systems including iOS (for iPhones), Android, BlackBerry, Windows Phone and even Wap, for those who still stick to browsers.

b) Betting exchange size

Having a betting app is one thing; it is a completely different case when it comes to the exchange itself.  Since your app is not just a game, you need to know what betting company you are waging with.  The mobile app only acts as an interface to the company running the bets.  With Betfair, what a player needs to do is download the application from the right AppStore, open a new betting account with betfair, claim your funds or deposit then you are set to use the app.  Betfair is the largest betting exchange that is very popular among professionals, so you can be sure you are dealing with professionals.

c) Application features

The Betfair application on all smartphones presents the user with a comprehensive set of features.  You can easily lay and place back bets right from the application, you can follow live bets, you can bookmark bets, update or cancel bets or even place combination sets – all from the application.  Some platforms, however, lack some of the features for instance; the Blackberry app does not have the bookmark feature.  The developers however guarantee you that the app will work with HTC, LG, Motorola and Samsung Galaxy devices.

d) Any other accessibility options?

If for one reason or another you cannot install betfair on your device, you have the option to use the web app which is compatible with most portable devices.  Although the Betfair is available for just about every phone or smartphone in use today, some functions may vary from one platform to another.  However, users can access their account from any device or through the web if they cannot download it to the device.

Conclusion

It’s true; the Betfair mobile betting app is one of the best in the market – maybe even the best you can check out the review here.  In order to take full advantage of all the features, users are advised to register on the Betfair site first on their computers then log in from mobile devices when the account is set up.  If you are into betting – especially sports betting – Betfair is a must-have app for you.

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Top 10 luxury spas in Thailand

The unparalleled feel of letting the cares and worries of the world drift away while your body relaxes to a delicious sensation of bliss and buoyancy is simply priceless. There is absolutely nothing quite like a massage in a spa in the whole wide world. Keeping the comfort and luxury in mind, the top most spas in Thailand are cited below, have a look:

 

  • Banyan Tree (Phuket): It’s private, it’s chic, and it’s a celeb’s favorite place of respite. There are luxurious villas built in Thai-style, and the resort flaunts the finest spa treatments in the whole island.
  • Katathani Phuket Beach Resort: With 479 Rooms, Katathani Beach resort is located on the Kata Noi Beach. The Tew Son spa of the resort is there at the south of the resort. Take your pick from the sophisticated spa products or the conventional Thai treatments – that are running since many many years.
  • JW Marriott Resort & Spa (Phuket): The balconies provide spectacular sea views and the guests can opt from a wide range of dining options — all of fine quality. Concealed behind the copper doors and giant ocher walls, the Mandara Spa reminds you of a fine Marrakech palace.
  • Rayavadee (in Krabi): Number of two-story cottages populates this vast coconut grove, with the most enthralling views of the white-sand beaches. With a luxurious spa, this secluded resort is an ideal dream hideaway.
  • Chiva-Som International Health Resort: With swanky and sleek accommodations, improved by special and personalized healthcare, this retreat centre is popular because of the frequent visits of celebrities looking for a thorough detox of body-and-soul.
  • The Six Senses Hideaway (in Ko Samui): The mud-built spa possesses treatment rooms shaped in beehives which appear to be floating in a pond. This retreat centre is renowned for its eco-sensitivity as well as its restorative treatments. Nothing better than a good spa after a great dinner in a nice restaurant in Koh Samui
  • The Mandarin Oriental Dhara Dhevi (in Chiang Mai): Most of the suites are equipped with plunge pools, while the spa is built as an amazing teak Burmese palace. However, deep pockets are required for the mouthwatering cuisine.
  • Anantara Spa and Resort Golden Triangle (in Chiang Saen): The resort’s fine restaurants and spectacular spa are some of the many pleasures of this property. An entire museum is dedicated to opium history and is a bike ride or a short walk away from the resort.
  • Mövenpick Resort: All of the spa treatments are planned and designed distinctly by The Spa, which include unique massages, wraps, facials and exfoliations using purely local and natural herbs along with aromatic spices and oils with effective, healing and comforting powers.
  • Chandara Resort & Spa: Chandara’s spa has around eight treatment rooms along with a health bar and a beauty salon. The therapists and masseuses are trained in Thai and Swedish therapy and massage techniques along with Aromatherapy, using natural ingredients and herbs.
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Apple to Make a Phablet in 2014? Probably not!

Since Apple launched the first iPhone in 2007, the company has benefited from a fanatical following that saw the name iPhone grow into an international luxury brand. The company later introduced a tablet, dubbed iPad, and it too was a huge success, leading to the release of an improved version iPad 2 and later iPad 3. When other manufacturers started producing smaller tablets, mainly running on Android, Apple did not want to be left behind and launched a newer smaller tablet, the iPad Mini. As many manufacturers are having a field day cashing in on a new smartphone and tablet hybrid market, is Apple going to dive in too with a hybrid of their own? Does apple have any plans to make a phablet in 2014? Rumor has it that it does.

Apple may be working on a phablet

Apple is rumored to be working on a large smartphone-tablet hybrid to take on the market leaders now including Samsung’s Galaxy Note 2, Mega and soon-to-come Note 3, HTC’s One Max, LG’s Optimus G, Huawei’s Ascend Mate and Sony’s Xperia Z Ultra. Rumor has it that Apple are working on a 5.7 inch device to join the already expanded line of iDevices available in different sizes.
According to Reuters, Apple’s move comes as a ‘long-term investor and consumer strategy as the company is under greater pressure to deliver more handset models in a year’. Apple’s iOS operating system has lost a great portion of its market share to Google’s Android over the last 5 years. The company now controls slightly less than 30% of the portable device market compared to Android’s 55%.
The Reuter’s article was written by leading market analysts and quoted ‘4 individuals with knowledge on the matter’. Apple has not released any new devices after the launch of iPhone 5 last year. The company is also said to be working on a larger 5 inch iPhone to meet the needs of the market which has driven manufacturers to come up with high end smartphones with 5 inch Full HD screens.

Will it be iPhone 6?

Other sources indicate that Apple may be making an iPhone 6 device with a large screen and the device may be ready for launch in 2014. New analyst reports indicate that the new device is iPhone 6 and quotes Apple’s CEO Tim Cook pointing out that their competitors have made many sacrifices on devices to ship large screen devices and that Apple would not trade off any features for a larger screen. This may mean Apple is currently not working on a larger screen device but it doesn’t rule out the possibility that the company has plans to counter the dominance of Android, especially on large screen devices including Samsung’s Galaxy S4, HTC’s One, Sony’s Xperia Z and LG’s Optimus G.

What Cook Says

Apple’s CEO Tim Cook says that increasing the screen size on a device severely compromises the lifespan of the device’s battery.
“My only point is these products all served a different person, a different type, they served different needs,” he said during an AllThingsD’s D11 interview “For the phone that is the question. Are we now at a point to serve enough people that we need to do that?”
Despite these comments, there is a strong rumor that Apple is working on a phablet that will be landing on the store shelves in the summer of 2014. We cannot forget that Apple once considered a smaller iPad ‘ridiculous’ and ‘impractical’ but years down the line they ended up making one.

Sources :

http://www.csmonitor.com/Innovation/2013/0613/Is-Apple-building-a-5.7-inch-iPhone-phablet
http://www.technobuffalo.com/2013/05/29/apple-phablet-tim-cook-comments/

http://www.brandnewradio.com/xperia-z-a-new-waterproof-phablet-from-sony/

http://www.xperia-z.net/sony-xperia-z-now-available-on-t-mobile/

http://www.cultofmac.com/225793/apple-will-make-a-phablet-in-2014-and-it-will-be-the-iphone-6-analyst/

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How To Be More Creative

“Creativity is not a talent. It is a way of operating.” -John Cleese

A lot has been said about how one can fuel creativity and how it works, but the fact is that thinking out of the box isn’t rocket science. Ideas and inspiration are everywhere. We just need to look in the right places- and the best place to do so is within ourselves.
Before you go on to unleash the full creative potential of your brain, however, you must do your bit to make small changes in your usual thinking patterns. This isn’t as difficult as it sounds. Whether you are a writer, musician, stockbroker, designer, painter, or factory worker- these few helpful tips can go a long way in unraveling your imaginative powers:

  • Take a walk outside: Yes, it’s that simple. Free yourself from the realm of the four walls for 15 minutes every day to closely observe the world around you. Look at the world with a fresh pair of eyes and notice the things you tend to take for granted every day. Chances are that the world will unravel itself to you in ways you’ve never seen before.
  • Listen to new music: Opening yourself up to new genres and musicians can, in turn, introduce you to new opinions, cultures, societies, and yes- ideas.
  • Observe silence: We all observe a few minutes of silence while mourning someone’s death, but fail to do so to give ourselves time to think. Take some time out every once in a while to enjoy some quiet and allow your creativity to surface amidst the solace.
  • Limit television viewing and your access to the internet.

Last but not least- go back to pencil and paper. Typing on a computer just doesn’t free our minds the way doing so on a piece of paper does. Try deviating from the norm and put pencil to paper to jot down notes or even create doodles in your spare time.

Source: Simon

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Five Tips To Ask For A Pay Raise

miror with boss and employeeMany employees feel they aren’t paid their worth despite giving their best shot at the job. If you are one of them and have been mulling taking a leap and asking your boss for a pay hike, you may find this article helpful. It’s natural to feel anxious and even wary about approaching your manager to discuss a better paycheck, but there are several ways to go about it without hammering a nail in your foot:

 

 

 

  • Set realistic expectations: This one is important. If your company is going through a rough patch such as suffering from the effects of recession, enforcing cutbacks, or tiding through a project that has surpassed the budget, postpone your plans of asking for a raise. It’s but natural for companies to not hike salaries during relatively difficult phases.
  • Look back at your work history: Have you helped resolve issues, helped projects forge ahead toward completion, improvise on any processes or systems, or accomplished anything of significance of late? If so, make a list of your endeavors that are backed up by tangible proof, and memorize it so you can strengthen your case when you talk to your boss.
  •  Be ready to negotiate: Most superiors who are asked for a raise try to negotiate to go ahead with some of their terms and conditions. Try to remain flexible and ask for perks such as a company car, a change in designation, or an extended vacation if a monetary raise is not possible.
  • Be presentable: This pertains to not just being physically presentable, but being verbally presentable as well. Remain positive, and make it a point to sound confident, but not arrogant. Tell yourself to remain composed and to thank your boss for his/her time regardless of the answer you will be given.
  • Keep the discussion centered on your achievements: Many employees make the mistake of asking for a raise due to personal issues. This is not advisable, as it may be viewed as a sign of weakness.

Lastly, know that your boss has his/her own deadlines and work to deal with, so make it a point to grab the bull by the horns at the right time.

Source: Simon on Pinterest

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3 Tips To Invest Smartly In The Real Estate Market

For millions of people the world over, their fortunes are tied up in their homes. Those who want to sell face the issue of not being able to sell a home as easily as a bond or stock. The fluctuating rates in the real estate market also make it difficult to handle property sales and purchases at the right time.
However, real estate investments can pay off in ways no other investments can if you invest right, and invest smart. To take things further, here are the top three tips to invest smartly in real estate:

  • Getting the basics right

For starters, you should do thorough research on real estate agents to ensure that they actually live up to their claims and promises. Also take into prime consideration your budget, good location and connectivity, and access to amenities.

  • Know that property does not always increase in value

Believing that property will only go up in value over time can be your undoing. If anything, the real estate market in the USA at present is a fitting example of this tip. Expecting a price rise amounts to mere speculation. One must consider an appreciation in property prices to be a momentary boon rather than a permanent fixture when investing in real estate.

  • Consider diversifying your portfolio

Investing in several instruments works well, because concentrating your money in just one or limited assets makes you more vulnerable to the ups and downs in the market. Don’t put a majority of your money in real estate, because for one, property is not easy to buy and sell. Second, market prices can remain dormant for prolonged periods of time, which can be a drag if you need buyers for your vacant house.

This is just an outline of what you need to keep in mind before charting real estate investment territory. Do your homework well, and you will be well on your way to making your property work for you.

One interesting infographics about real estate industry and social media

Source:  Pinterest

 

PS : You don’t need an MBA from a top business schools to make smart investment in real estate ! Simon Legouge did some really smart real estate investment

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3 Must-Read Books To Learn How To Do Business

Entrepreneurship and small business management is becoming increasingly popular by the day, what with more people expanding their professional horizons and scouting for new ways to turn what they love into a living. Setting out on your own can be an exciting thing to do, but it is imperative that you prepare yourself for a journey that will have its share of trials and tribulations. Acquainting yourself with the work of management gurus, successful entrepreneurs, life coaches, and business magnates can take you a long way in knowing the ins and outs of running a business.

To do list funny pic

Source : Le Routard an ethical blogger

Here are three recommendations for your bookshelf:

  • Jessica Livingston’s ‘Founders At Work’

Founders At Work is a must-buy if you are on your way to starting your own business from scratch. Livingston has included in-depth, inspiring interviews with the founders of some of the world’s most revolutionary companies. What makes Founders At Work stand out from other business ‘self-help’ books is that there is a ‘human touch’ to all these prosperous businessmen, who openly talk about the things that didn’t work out for them and the lowest point in their professional lives. This helps budding entrepreneurs a great deal, since it conveys the message that even the greatest business minds go through moments of self-doubt.

  • ‘New Sales. Simplified: The Essential Handbook for Prospecting and New Business Development’ by Mike Weinberg

Mike Weinberg’s book is a revelation. New Sales. Simplified… is a helpful guide on winning over new customers and bringing in more business, irrespective of whether you are a sales manager or in client servicing. This handy guide shows readers how to create and close deals, build a practical list of genuine prospects, use new media to their advantage, network successfully, establish a healthy relationship with clients, and much, much more. The written material in New Sales. Simplified… is complemented by numerous anecdotes and cases, which makes reading the book all the more pleasurable.

  • Michael Gerber’s ‘The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It’

The E-Myth Revisited… elaborates, in great detail, why discipline, thorough planning, and an adherence to certain systems are so crucial to building a good business. Gerber’s business guide has been around for a long time and is considered to be a bible by many businesspeople. One of the things that truly stands out is the emphasis on turning hobbies into flourishing businesses and focusing on revenue-generating undertakings.

These three books are just the starting point. If you scout around in your quest to sharpen your business acumen, you will be sure to come across a gamut of recommendations online and in any bookstore near you!

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How Is The EUR/USD Determined On The Forex?

Foreign exchange rates fluctuate on a minute by minute basis in response to demand and supply. Global currencies, just like goods (like gold or silver) and services, have their own markets. This means there is a certain amount of dollars the USA can make available for the European Union, and a certain amount of dollars the European Union (EU) wants from the USA.

different currency coins and notes
The price at which this amount is determined is referred to as the nominal exchange rate. If the nominal exchange rate is high, EU demand for the US dollar drops, while the USA wants to make more of its currency available during this phase. An equitable exchange rate is achieved when the supply of US dollars meets the demand for it.
If the supply increases or the demand drops, this nominal exchange rate depreciates. The converse holds true when supply drops and demand increases.
Euro and dollar rates are determined largely owing to changes in the demand/supply pattern. These changes are influenced by:

  • Speculation: Many people in the Forex market who buy and sell currencies to make money do so on the basis of what speculators say. Predicted outcomes on exchange rates have a huge outcome on the sale and purchase of dollars and Euros, which in turn leaves a mark on a currency’s appreciation or depreciation.
  • Trading: The demand for the US dollar is largely dictated by the EU demand for American exports, while the supply of the US dollar is influenced by the American demand for EU imports. If there is decline in interest for buying American goods, demand plummets, and the dollar depreciates.

Euro and US dollar exchange rates are also determined on factors such as a country’s debt and/or economic situation and the interest rates of the central bank. The sum of all the above mentioned factors determines currency prices at any given time.

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