Word: charter
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...response, a growing number of businesses are turning to private air charters to move key employees from point A to point B. At a time when the commercial aviation industry is stumbling, the private charter business is soaring. "Sept. 11 was a catalyst for actual change," says Patrick Margetson-Rushmore, CEO of London Executive Aviation, a private charter operator. "We were experiencing a downturn before then and assumed we'd be down for the year. Now we'll exceed our forecasts...
...taxis aren't just for top brass. Much of the new business comes from small-to-medium-sized companies that need to move middle managers around several European cities within a few days. In a survey of European charter operators by the trade publication Air Charter Guide, 35% said traffic had increased since the attacks, while 40% reported no downturns since September. "That's a strong result" in recessionary times, says spokesperson Meara McLaughlin, especially considering that business for Europe's commercial carriers has fallen by 15% within Europe and transatlantic business by 33%. In the U.S., which has long...
Security worries may soon fade, but charter operators are convinced that they'll keep most of their new customers. "Once they've tried it, they don't go back to commercial airlines," claims Michael Hyde, president of World Air Pass. Why not? Convenience, flexibility and efficiency. "It all comes down to value in time," says David Savile, group managing director of Air Partner, Europe's largest broker. For example, charter planes can take off and land from 3,000 airports in Europe, 10 times the number available to commercial carriers. Forget about arriving hours ahead of your flight to check...
...course, the slipstream of security fears hasn't lifted all charter operators. "Security managers at many Swedish companies have forbidden all types of flying," bemoans Trond Michaelsen, owner of Aircraft Charter World in Stockholm. "They see terrorists everywhere." Michaelsen expected a surge in business after the terror attacks; instead corporate security fiats have halved his trade. And some executives may worry that the smaller planes many charter firms use aren't as safe as commercial airliners, though the figures are equivocal. In any case, Michaelsen expects his business to rebound within six months...
According to its charter, the committee will provide information and address long-term planning, cooperative ventures, taxation and payments in lieu of taxes regarding the city’s four universities...