U.S. Charter Market Makes Positive Start to 2010

 - February 9, 2010, 12:17 PM

Most of the U.S. executive charter sector showed a marked improvement in fortunes last month compared with the same period last year, according to the latest data from online charter booking portal CharterX. Midsize jets showed the strongest improvement–up 22 percent over January 2009, with 16,844 hours flown last month. The light jet sector increased by 5 percent, to 15,097 hours, but heavy/large-cabin business jets were down by 4.7 percent at 9,685 hours. Overall, according to CharterX, the number of hours flown has been steadily recovering from the trough in activity suffered around the middle of last year (see chart). The statistics continue to closely track the fortunes of the S&P share index, the company noted. CharterX obtains its data from FAA flight records and filters out charter flights using tail numbers of aircraft registered to Part 135 charter operators.