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October 13, 2008updated Feb 11, 2013

Private Jet Charter 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.

“Even during fiscally challenging times, travel remains a necessity for many people,” Menaged added. “Whether seeking the convenience and efficiency private jet travel affords business travelers or the safety and security it offers high net worth individuals and entertainers, private jet use continues.”

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.

“The pay-as-you-go approach is slowly taking hold industry-wide because the business climate has changed for the better in terms of private jet charters,” Menaged said. “I would say we expect our client growth rate to double over the next quarter in large part due to the faltering economy.”

About Chief Executive Air (www.chiefexecair.com) Chief Executive Air is a full-service private aviation company specializing in aircraft charters. With a unique blend of aviation expertise and world-class hospitality, a client-centric focus and exacting standards, Chief Executive Air delivers the highest level of service while ensuring each client’s safety and security. The company does not own or operate aircraft, but rather arranges for travel on behalf of clients with a select group of licensed Air Charter Carriers that meet FAA requirements and third party safety regulations. Charter specialists can be reached at 888.FLY.CEAIR.

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