Story ID: 
South Africa’s SoterJets Launches Fractional Program
By: Amy Wilder
Caption: First Pilatus PC-12 NG delivered in April with four co-owners
Word Count: 196
SoterJets, a subsidiary of South Africa’s CFS Aviation Group, has launched a fractional aircraft ownership program that the company said is the first of its kind in Africa. The program’s first aircraft, a Pilatus PC-12 NG, was delivered in April and is now fully subscribed by four co-owners.
“For many years, fractional ownership has been an underserved opportunity in the regional business aviation market,” said CFS Aviation Group CEO Justin Reeves. “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.”
SoterJets said it has secured a significant commitment toward a second PC-12 turboprop single. Co-owners acquire a beneficial interest in an aircraft while SoterJets manages operational requirements, including crew, maintenance, airworthiness compliance, insurance, and administration. The program bills for occupied flight hours and fixed monthly management fees, according to SoterJets.
CFS Aviation Group has operated and supported PC-12s since 2007. SoterJets said future preowned PC-12 additions will be selected to the same standard ahead of delivery of its first new-production PC-12 PRO in 2028.