Virgin Charter has had its fair share of ups and downs over the past few months. The charter marketplace suffered a drop in business in late August and September due to the economic downturn, but transaction activity at Virgin now appears to be steadily rising as a result of a shift in clientele, a new business strategy and several new partnerships.
Elvis Presley’s 1962 Lockheed JetStar–the only one of the three aircraft owned by The King still in private hands–was put on the auction block December 19 at the 35th Annual Las Vegas Collector Car Auction. According to auctioneer Kruse International, the jet has never been restored and features the original exterior and interior.
Virgin Charter today announced that it has partnered with global travel management company Radius, which will use the online marketplace to find and book charter flights for its clients. The news is tempered, however, by reports that Virgin Charter has laid off a number of employees.
Despite its well-known brand name, Virgin Charter has not been immune to the economic downturn. The charter marketplace saw a drop in business last month, and particularly within the last two weeks, according to founder and CEO Scott Duffy. The reported decrease is in line with the drop in revenue reported by a majority of charter operators and brokers. Most indicate that business has dwindled by 10 to 40 percent.
Before last month’s Latin American Business Aviation Conference & Exhibition (LABACE), organizers were forecasting the largest show to date. They were not disappointed.
A federal district court in California has indicted Jeffrey Borer and Arvel Reeves on conspiracy and other charges related to secretly recorded conversations between entertainer Michael Jackson and his attorney while on a chartered Gulfstream IISP flight from Las Vegas to Santa Barbara, Calif., on Nov. 20, 2003.
A federal district court in California indicted Jeffrey Borer and Arvel Reeves on charges of secretly recording conversations between entertainer Michael Jackson and his attorney while on a chartered Gulfstream flight on Nov. 20, 2003. Borer was the owner of XtraJet, the company that operated the Gulfstream, and Reeves was the owner of Executive Aviation, which serviced the jet.