Broker Sees Double-digit Gains in Charter Activity

 - August 28, 2019, 11:53 AM
New Flight Charters saw its biggest increase in demand come from super-midsize and heavy jets. (Photo: New Flight Charters)

New Flight Charters saw year-over-year business jet charter activity increases of 16.1 percent in July and 11.5 percent in the May-to-July period, the charter broker announced yesterday. That compares with a 1.7 percent year-over-year increase in Part 135 activity for the industry in July, according to Argus International’s TraqPak data.

Among New Flight's aircraft categories, demand for super-midsize and large-cabin business jets grew 34 percent in the first half of the year. Light jet demand grew 33 percent in the period “at the expense of midsize jets,” while turboprop demand was nearly flat, according to New Flight.

It attributed the increase in part to better charter pricing with the growth of its floating fleet of 435 aircraft from 39 operators. “Floating fleet aircraft are quoted point-to-point without having to revolve around a certain base and incur that additional cost, thus are typically better than traditional charter quotes, jet cards, and memberships for one-way flights or round-trips over many days,” New Flight explained.

New Flight comprises Jackson Hole Private Jet Charter, Colorado Jet Charters, and Jet Charter Denver.