Bizjet Charter Demand Rises Sharply

 - May 4, 2010, 7:34 AM

Demand for charter flights picked up during April, with the demand index generated by online charter portal Avinode standing at 117.86 on April 30, some 40 points up from the end of March, when the index stood at 77.21. The April 30 index was also almost 30 points up from the same day last year when it stood at 88.57. Charter rates have also shown some increases. In the North American market, Avinode’s data shows rises in flight-hour rates of between 5.3 and 5.6 percent over the past month. The average rate for a Cessna Citation Excel on April 30 was €2,437 ($3,221), while rates for the Hawker 800XP and Bombardier Challenger 604 were, respectively, €2,519 ($3,329) and €3,738 ($4,940). In the rest of the world, there was rising demand for the Challenger 604 (with average prices up 4.7 percent at €4,347.60) and also for the Hawker 800XP (for which the average rate climbed 2.8 percent to €3,250.60). But demand for the Citation Excel outside North America dipped slightly to €2,677.90.