New block-charter company takes wing

 - July 28, 2008, 11:37 AM

JetEquity Travel has opened its doors with a block-charter operation out of Westchester County Airport, north of New York City. According to Frank Gallagi, managing director of parent company JetEquity LLC, the program is unique in that the client is required to put up only 50 percent of the funds required to cover the total number of block hours purchased, which may be as little as $10,000 worth. Full refunds, without penalty, are given for time not used, and there is no time limit during which the hours must be used. The company owns two aircraft–a Beechjet 400A and Hawker 800A–but has access to more than 100 aircraft under its own managed fleet and those of approved partners.