Charter Industry Seeks New Audit Standard

Business Jet Traveler » October 2007
Monday, October 1, 2007 - 5:00am

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.

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“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”

-retired Microsoft CEO Steve Balmer