HeliFlite Founder To Launch New Startup

The North Texas businessman who founded and successfully launched HeliFlite Shares L.L.C. in 1998 is now in the driver's seat of a new aircraft venture. Mark Ozenick has been named chief operating officer of Global Jet Shares Inc., a sister company of California-based Pacific Jet Inc., both closely held private companies. Global Jet Shares is offering two programs: fractional ownership of Gulfstream IIIs; and jet membership cards in those planes, as well as in the fleet of Pacific Jet.

Ozenick -- who's considering Dallas Love Field, Fort Worth Alliance Airport or downtown Dallas as an office location for the start-up company -- is also still a shareholder in HeliFlite, which sells fractional ownership in helicopters.

As a third-party manager, the Global Shares' fractional program allows customers to buy a minimum one-eighth share of an aircraft, allotting them 100 hours of flying time, for $1.375 million. With a membership card, customers can buy time, without the responsibilities of ownership, in 25-hour increments.

According to Ozenick, Global Shares is essentially a product extension of Pacific Jet, The company is negotiating now to buy its first five GIIIs, all previously owned, into its fleet.
Global Shares will use Pacific Jet's employees for all flights, maintenance, scheduling and infrastructure. Pacific Jet has 27 years in aircraft charter management and 19 aircraft under management.

FMI: www.pacific-jet.com