Jumpjet, a start-up “luxury travel club” launched on Tuesday, aims to provide per-seat private jet travel at first-class airline prices. Under its program, customers pay a fixed monthly fee over a 12-month period that allows them to book a seat on 10 round-trip flights per year, without any extra per-flight-hour charges, on third-party charter aircraft flown by Wyvern- or Argus-audited operators.
Charter and Fractional » Charter
News and issues concerning the aviation charter industry and markets, including company announcements, regulations, new developments and labor issues.
New online aircraft charter broker CharterBox is bringing the “name your price” concept to the charter aviation market through a real-time marketplace that matches buyers and sellers of charter. The company says its model will help operators supplement their traditional retail charter business by optimizing the transient movement of their aircraft. CharterBox uses only operators that are Argus Gold or better and/or Wyvern Wingman compliant.
Forecasted demand for charter flights this month is up on a year-over-year basis but lower than last month, according to the latest data from online charter portal Avinode. At 158.54, the company’s forward-looking demand index for the 30-day period beginning October 1 was almost 12 points down on where it was on September 1. Nonetheless, the index was still 40 points above this time last year, suggesting that a gradual long-term recovery is continuing.
Last month’s Airex show in Turkey (September 6 to 9) highlighted the country’s emergence as a hub of aviation growth on Europe’s boundary with the increasingly dynamic markets of Asia and the Middle East. Business aviation was a large facet of the event, which was staged on the general aviation apron of Istanbul’s Atatürk Airport, reflecting growth being engineered by both foreign and local companies.
Riding a Brazilian economy that continues to grow, fractional ownership and aircraft management company Avantto is finding a ready market and looks forward to more of the same.
In less than two years, with the backing of Brazilian asset management and private equity firm Rio Bravo, Avantto has signed more than 350 customers and assembled a fleet of 24 jets and 23 helicopters.
According to founder and president Rogèrio Andrade, Avantto’s fractional business model fits the needs of the country’s expanding economy and growing dependence on aviation.
Gama Group has announced the signing of two new aircraft management contracts for Russian clients. The deals will see it operating a Bombardier Challenger 850 and a Boeing BBJ2 on behalf of their Russian owners, taking the UK-based company’s worldwide portfolio to more than 80 aircraft, including several Boeing, Bombardier, Dassault Falcon and Gulfstream jets based in Moscow.
Ocean Sky’s FBO and maintenance businesses have been acquired following the sudden liquidation of the UK-based group’s aircraft charter and management businesses. Cyprus-based RSS Enterprises announced the acquisition of Ocean Sky Jet Centre, Ocean Sky Engineering, Ocean Sky Aircraft Interiors and Ocean Sky Jet Centre (Prestwick) this week.
Demand for charter flights dipped early this month, according to data from online charter portal Avinode. At 143.21, the company’s forward-looking demand index for the 30-day period from September 10 was 40 points down from where it was a month prior, seemingly showing the market cooling slightly at the end of the northern hemisphere summer season. However, the September 10 index was still almost 37 points higher than where it was 12 months earlier.
New data published by the UK Civil Aviation Authority (CAA) appears to confirm the widespread view among executive charter operators that few people are prosecuted for illegally flying for hire in Britain. Between April 1, 2011, and March 31, 2012, the CAA pursued 16 prosecutions for various breaches of UK aviation rules, only one of which was for illegally conducting a public-transport flight without holding an air operator certificate (AOC).