This may be a little reprieve for air charter types at last. The fact is that fractional ownership has been in a gray area since day one, but the UK, ICAO and US representatives will debate this all next month in Montreal.

This story is interesting in that international operations, while a small portion of the industry's business, could face a real problem in the years ahead. The Fractional Forum also made a post on this topic and certainly a good topic for the forums.