Charter Pricing Stable, Demand Down

Friday, January 7, 2011 (All day)

With the holidays over, demand for private charter flights has predictably decreased on a month-over-month basis. Projected demand for the next 30 days stands at 91.90 on the index employed by online charter portal Avinode. That's about half the level of 181.04 recorded on December 3. Nevertheless, there was an early indicator of longer-term recovery in the charter market since this year's
index was in fact up more than 26 points from 12 months ago. The latest Avinode forecast also suggests that pricing levels are holding up better. The global pricing index currently stands at 97.37, up almost a point from a month ago and more than six points above last year's figure.

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Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich