Private Jet Charter News

Within the past 8 months, the US Air Charter Market has suffered from the perfect storm of exceptionally high fuel prices, a sagging economy, and bad press.  Fuel prices reached their highest in mid-July 2008 and have since retreated significantly, but at that time, a gallon of Jet-A fuel was going for about $7.50 in New York and California.  The economy has been a wreck for several months now with story after story of corporate greed and monumentally bad leadership leading up to a major credit crisis followed by drastically decreased consumer spending.  Additionally, the federal government is attempting to depict anyone using a private jet as an evil corporate fat cat.  What does all of this mean for you?

The net result of this trifecta is that charter companies are becoming increasingly willing to negotiate prices on private jet charters.  With a surplus of charter agents and companies in the industry coupled with a diminished market, the pressure to locate and secure charter business is leading to a buyers market.  Many companies are also offering extras such as complimentary catering, ground transportation, and even spa certificates.  Here are some sample prices of current one-way charters being offered:

Expect these prices to hover right around this mark for as long as the market continues to be bogged down. 

from NBAA - No Plane No Gain campaign:

The people and companies that rely on Private Air Charter know that utilizing a private jet is a valuable strategic choice, particularly in an unforgiving economic and political climate.  However, those outside of the business aviation community are often unaware of the benefits that chartering a private jet can provide.  When reviewing your air travel choices, use this checklist to see why using private jet charter is the best option for your mission.

 This flight absolutely cannot be canceled or delayed significantly.
 The destination is not easily served by commercial airline service.
 Need the ability to work and communicate aboard the flight.
 Proprietary information will be discussed aboard the flight.
 Need the ability to visit several cities in one day.
 Need the flexibility to allow for changes in the itinerary.
 Carrying specialized parts/equipment

If you’ve found yourself agreeing with these statements, you will want to investigate chartering a private jet for your travel needs.  In many cases, particularly with several passengers going to the same destination, a private aircraft can be as cost-effective as utilizing commercial airlines.