The cream has risen to the top and has not gone sour is how Comlux would characterize today’s charter market, which is to say that demand for high-end, airliner-class aircraft has held up well in relation to the marked downturn still being suffered by operators of smaller jets. This explains why the Swiss-based group has come to Orlando (Booth No.
Charter and Fractional
News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.
CharterX Wyvern has endorsed the NBAA’s recently published NBAA Best Practices for Air Charter Brokering. The NBAA’s best-practices protocols include operational guidelines and safety oversight procedures.
According to the management of Jet Republic, the overriding reason that the company suddenly ceased trading on August 20 was because “the aviation asset finance market has completely dried up, making it much more difficult for potential clients to take out and obtain financing for fractional ownership of jets.”
Fractional provider NetJets on September 11 announced the first major workforce reduction since David Sokol took over in early August as chairman and acting CEO, following the resignation of company founder Richard Santulli on August 4.
Business aircraft flight activity for Part 91 operators appears to have bottomed, according to data released yesterday by aviation services company Aviation Research Group/U.S. (ARG/US), while a similar recovery for Part 91K fractional and Part 135 charter operators is not far behind.
Los Angeles-based private aircraft charter services company Air Royale International is offering a best-price guarantee on its air charter flights. Air Royale, a Wyvern-authorized charter broker, said it will pay $500 to customers if it can’t beat a lower-priced competing quote. While it vows to offer the lowest charter quote, the firm also promises “stringent air safety” by using only Wyvern-qualified crews and aircraft.
Greenjets shared business jet service between New York and Florida began last month, and service to Los Angeles, Chicago, Boston, Washington and Atlanta will be phased in before year-end. The service is sold per-seat but uses the existing fleet of ARG/US-rated charter aircraft. Over the next two years, Greenjets plans to open 27 more markets, including Dallas, Houston, Las Vegas and Phoenix.
New York-based Coastal Jet Service is launching per-seat, daily nonstop service on a Citation X between New York and Los Angeles. Coastal Jet plans to use the Avitat FBO at West- chester County Airport in White Plains, N.Y., and the Million Air facility in Burbank, Calif., for the new service.
JetSuite brokered its first Phenom 100 charter flight in late May for customer Burt Rutan, who flew to his home base in Mojave, Calif. Solana Beach-based Air by Jet, a Part 135 certificate holder, operated the flight. Later this year, JetSuite expects to begin operating its own fleet of Phenom 100s, for which it has a firm order for 50 with an option for an additional 50.
Andre Budhan, a cofounder of defunct charter operator Platinum Jet, pleaded guilty to conspiracy in a case relating to the 2005 crash of a Challenger 600 following an aborted takeoff at Teterboro (N.J.) Airport. Budhan, 42, of Fort Lauderdale, Fla., pleaded guilty in U.S. District Court in Newark, N.J., yesterday to conspiracy to defraud charter customers and brokers, and to impede and obstruct the FAA.