“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Charter Industry Seeks New Audit Standard
The Air Charter Safety Foundation is working to develop an industry-wide audit standard by the end of this year. Such a standard would free charter operators from the need to undergo audits by each of several competing companies. Auditors from CharterX/Wyvern and ARG/US, the industry leaders, have been invited to participate in the project, and representatives from such private-jet companies as Flight Options, NetJets and Sentient have already signed on. Participating companies have committed to adhering to the standards once they are published.