New Flight Charters records year-on-year increase

Read this story in our FlipViewer digital magazine.

Colorado brokerage New Flight Charters has reported a year-on-year increase of 11.6 per cent for the first three quarters of 2018. This is more than twice the charter industry's growth of 4.5 per cent based on TraqPak data released by ARGUS International.

In the three quarter period New Flight Charters saw average charter spend grow 9.8 per cent year-on-year. Super midsize jets drove the increase up 34 per cent, but heavy jets declined while midsize jets, light jets and turboprops were nearly even.

The company also witnessed international and long haul flights of more than three hours increase in 2018, with growing interest and activity to Caribbean, Mexico and European destinations.

New Flight Charters attributes the increase in part to better charter pricing options with the growth of floating fleet aircraft availability; its clients currently have access to 435 aircraft from 39 operators. Its floating fleet aircraft are quoted point-to-point without incurring additional repositioning costs, and so it claims are typically better than traditional charter quotes, jet cards and memberships for one-way flights or round-trips over many days.