“[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.”
Executive Jet Management Sweetens Charter Deal
To encourage owners to make their aircraft available for charter, Executive Jet Management will waive management and conformity fees for charter-friendly airplanes that are available for more than 200 flight hours per year. Adding an airplane to the EJM charter certificate requires a detailed conformity evaluation that typically costs $5,000 to $14,000, depending on the aircraft's age and the hours needed to conduct the research. The charter management fee is about $2,500 a month.
Besides waiving fees, the Columbus, Ohio-based operator will guarantee charter hours "in some circumstances," said Ronald Silverman, senior vice president for client operations, "depending on the location, how available [the airplane] is to us and the type of airplane." EJM, he added, will not pay owners lower charter-buy rates to offset