Demand for charter flights appears to be continuing its upward trend this month, but the prognosis for charter hourly rates is less encouraging on the whole. Online charter portal Avinode says its March 1 demand index is 141.15–23 points higher than last month and 30 points above a year ago.
Demand for charter flights appears to be heading upwards this month, according to the latest projections from online charter portal Avinode. The group’s forward-looking demand index for the next month stood at 114.23 earlier this week–almost 21 points above the month-ago level and more than 14 points above where it was 12 months ago.
Here’s a short story that relates, I think, to the plight of the business jet.
Prospects for the executive and private charter market appear to be climbing as the traditionally busy summer season approaches, boosted this year by demand resulting from planned travel to the World Cup soccer tournament, which kicks off in South Africa on June 11.
Demand for charter flights is set to continue rising this month, according to the latest demand index from online charter portal Avinode. On January 1, the company’s demand index for the next 30 days showed a rise of just over 11 points, to 116.77, over the December 1 index figure.
Nav Canada last month proposed a 3-percent reduction in its customer service charges, effective September 1. This is the second consecutive year that the country’s ATC provider has cut its charges, following an average reduction of 1.8 percent that took effect last September.
A vibrant level of new aircraft deliveries, strong sales of used aircraft, low interest rates and competition among lenders have provided banks and other companies involved in the financing of business aircraft with greater activity this year than last year.
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results. On the macroeconomic level, however, general patterns prove more often true than not, especially over the long run.
Changes to the FAA’s investigative and enforcement procedures (FAR Part 13) including inflation adjustments to civil monetary penalties–became effective June 15. The adjustments typically do not exceed 2 percent. The rule also includes references to additional and revised statutes.