Chartered Air Passenger Services

Chartered Air Passenger Services

Overview

The 1,400 chartered air passenger service companies in the US provide air transportation for passengers and related cargo with no regular routes or schedules. Firms may also offer aircraft maintenance and repair services. Chartered air passenger operators generally fly aircraft with 30 seats or less and a payload capacity of 7,500 pounds or less, according to the FAA. Fractional aircraft ownership allows travelers to purchase “shares” of a plane and a set number of flight hours, depending on the investment.

Variability in Jet Fuel Costs

Chartered air passenger travel providers struggle with variable jet fuel costs, which fluctuate according to global market conditions.

New Business Models

Entrepreneurs are leveraging new business models and disrupting the chartered air travel industry.