““The charter industry needs to become much more efficient…We need to take a page from the airlines’ code-sharing agreements…Part 135 charter [operators] could review each other’s schedules, use each other’s airplanes.” ”
CitationShares Adds Programs, Cuts Staff
Greenwich, Conn.-based CitationShares has announced partnerships with TerraPass, a retailer of carbon offsets, and Corporate Angel Network, a charity that arranges free flights to treatment for cancer patients. CitationShares customers can now donate flight hours to the charity and can balance their "carbon footprint" by purchasing carbon offsets from TerraPass for hours they fly.
Meanwhile, CitationShares has laid off 41 office staff and furloughed 52 pilots because, said CEO Steve O'Neill, the company had had "too much capacity." He added, however, that "the decline in selling and flight activity has begun to level off."