Asian fractional ownership and charter start-up ShareJet has begun operations nearly a year after the venture's planned launch. The Guam-based company, a joint venture between aviation services company ACI Pacific (ACIP) and Boeing's Japan-based agent Nissho Iwai (NIC), blames business and regulatory issues for the delay.

ShareJet took delivery of a Boeing Business Jet (BBJ) last month and also has a Bombardier Challenger and a Gulf- stream IV available for charter.

The 18-seat BBJ will be operated under US Federal Aviation Regulation Part 135 to allow worldwide operations. The aircraft features a lounge, conference/dining area, private office and private stateroom. ShareJet says the 11h range of the aircraft makes non-stop travel possible between long distance city pairs.

ShareJet is using 13 NIC offices throughout the region _to market its charter and fractional services.

ACIP owns 75% of ShareJet and will manage the aircraft and control the overall operation from its base at Guam International Airport. Tokyo-based NIC owns the remaining share.

Source: Flight International