Fractional Charter
Under a joint venture with the People’s Global charter market experiences rebound Republic of China, NetJets China plans to manage and charter aircraft, such oming off its long slump following the onset of the 2008 reces- as these Challengers, that are wholly sion, air charter has enjoyed a generally good year around the owned by customers, rather than C introducing fractional ownership. globe, and there are indications that the demand will continue to pick up as the world economy finally rights itself, and charter continues to adapt to the needs of travelers around the world. Here’s a look at the SPECIAL REPORT current state of charter markets in North America, Europe, Asia, Latin America, Africa and the Middle East. & by James Wynbrandt North America hourly rates for light, midsize and large- FRACTIONAL CHARTER Following two slack years, North cabin aircraft over the past six months American air charter flights increased has shown fluctuations from 10 percent almost 9 percent (8.9%) from August above to 3 percent below the previous 2012 to July 2013 over the same period year’s pricing, and domestic operators Challenger 300 for travelers flying to and Whatever the discrepancies in data, a year before, according to aviation complain that aggressive pricing by com- from designated zones. Sentient, which several major Europe-based providers MARKET research and services firm Argus Inter- petitors keeps rates depressed. claims more than 4,000 active customers, report strong growth over the past year, 21 Global charter market experiences rebound part 1 national. Charter flight activity for all Sales of jet cards, whose flight time is saw strong demand in the charter market due as much to business model adjust- 24 Big four national frax list dwindles to two cabin categories was up for the period.
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