Like the rest of the aviation industry, the charter segment has suffered serious setbacks during the past year and is hunkering down and adapting to a new marketplace characterized by smaller companies, lower prices and less flying.
Air Charter Limited
Executive Jet Management reported revenue from its charter business rose by more than 35 percent last year over its 2003 figures. The company also experienced a 35-percent increase in the number of charter hours flown. This year’s charter revenue is projected to increase more than 26 percent over last year’s.