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 have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”

-VistaJet founder and chairman Thomas Flohr, on the company's unusually brief, easy-to-understand contracts