View all newsletters
Latest in Luxury - Sign up to our newsletter
  1. Travel
  2. Travel News
October 25, 2008

Charter Exec: Private Jets To Grow Despite Economic Uncertainty

By Pardhasaradhi Gonuguntla

NEW YORK – As a result of the nation’s continued economic uncertainty and faltering credit markets, private jet charter will grow as people sell their planes to reduce overhead or opt out of renewing their fractional commitments, according to Jeffrey Menaged, CEO of Chief Executive Air.

“Our customer acquisition rate continues to accelerate, thanks in part to our long held policy of everyday value pricing and because private jet charter has no upfront cost,” said Menaged. “We feel that in today’s volatile market people are looking to preserve cash and capital. Private jet charter requires no initial investment and allows people to pay as they go.

Menaged predicts that as an on-demand charter company, Chief Executive Air may see a decline in business from a marginal user, but it will gain considerable market share among frequent fliers like high net worth individuals and big corporations for whom private travel is a necessity thanks to the company’s unique pay-as-you-fly approach.

Topics in this article :
Select and enter your corporate email address Be the first to know about the latest in luxury lifestyle news and travel.
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thank you for subscribing to Elite Traveler.

Websites in our network