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August 5, 2008updated Feb 11, 2013

Chief Executive Air Launches Private Jet Carbon Offset Program

By Pardhasaradhi Gonuguntla

NEW YORK — Chief Executive Air (www.chiefexecair.com) has formed a strategic partnership with TerraPass®, a leading retailer of carbon offsets focused on the development of energy efficient products. The program is designed reduce the carbon footprint resulting from private air transport by funding clean energy projects that balance out the impact generated from greenhouse gas emissions.

“Chief Executive Air is a mission-driven business and one of our core missions is to adhere to our social goal of reducing carbon emissions,” said Chief Executive Air CEO Jeffrey Menaged. “We strongly believe ultra-luxury travel can be just as responsible as other areas and are happy to pave the way for the industry to embrace social and environmental responsibility.”

Chief Executive Air’s plan allows customers to directly balance out the exact carbon emissions created during a particular flight with the purchase of verified carbon reductions in support of clean energy projects including: wind power; farm power (which produces clean electricity from animal waste), and landfill gas capture. In addition, all emission reductions come from U.S. based projects and take place in the same year they are purchased, coming as close to an immediate offset as possible, according to the company.

For example, a two-hour flight from New York to Miami burns approximately 600 gallons of fuel. TerraPass calculates the cost of generating an equal amount of clean energy produced by wind farms (instead of traditional coal burning power plants) to counteract the carbon emissions created during that particular trip. When clients charter a jet via Chief Executive Air, their carbon offset is automatically calculated for their particular itinerary*, usually a nominal cost under $20 per hour of flight time, allowing them to travel efficiently while acting responsibly.

“Air travel is accountable for three percent of worldwide carbon dioxide emissions and growing,” added Menaged. “It is crucial that we offer our customers this program so together we can play an active role in reducing greenhouse gas emissions.”

About Chief Executive Air Chief Executive Air is a full service private aviation company specializing in aircraft charters. Charter specialists can be reached by calling, 888.FLY.CEAIR.

About TerraPass Launched in 2004, TerraPass is a consumer retailer and marketer of greenhouse gas reduction offsets. TerraPass carbon offsets fund clean energy and carbon reduction projects throughout the U.S., including wind power, farm power, and landfill gas capture. For more information visit www.terrapass.com.

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*The hourly amount of greenhouse gas reductions depends on jet class, however rates for the various jet sizes are based on industry averages for aircraft type, as well as greenhouse gas emission protocols developed by the World Resource Institute

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