News Release

New Flight Charters announces third quarter year-to-date increase of 11.6%

New Flight Charters, a nationwide leader in on-demand private jet charters, has announced a 11.6% year-over-year increase for the first three quarters of 2018 through September 30. In doing so New Flight Charters has more than doubled the charter industry's growth trend of 4.5% according to industry TraqPak data released by Argus International.

The average charter spend grew 9.8% year-over-year. By aircraft category; super-midsize jets drove the increase, up 34%. Heavy jets declined while midsize jets, light jets and turboprops were nearly even. New Flight Charters clients choose their specific aircraft from an array of options and quotes for each flight, sourced per their own preferences including size, model and amenities.

International and long-haul flights of more than three hours are on the increase in 2018, with growing interest and activity to Caribbean, Mexico and European destinations.

The company also attributes the increase in part to better charter pricing options with the growth of "floating fleet" aircraft availability; currently 435 aircraft from 39 operators are available to New Flight Charters' clients. 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.

Celebrating its 14th anniversary in 2018 and named to the Inc. 5000 Honor Roll as a fastest growing U.S. company in four different years, New Flight Charter has averaged 13.5% annual growth since 2004.

The company was recently recognised as an ARGUS-Registered Broker, one of just 22 ARGUS rated brokers in the U.S., and an approved member of BACA-The Air Charter Association, one of only five in the U.S.