New Flight Charters Reports Record 2007 Revenue and Customer Growth

Private Jet Charter Brokerage Increases Year-over-Year Revenue by 31 Percent

JACKSON HOLE, Wyo.–(BUSINESS WIRE)–Amplifying its standing as a private jet charter leader, New Flight Charters today announced that it achieved record revenue and customer growth in 2007. In addition to increases in charter jet availability and staffing, in 2007 New Flight Charters increased its revenue by 31 percent and saw its number of return clientele double.

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New Flight Charters strong financial results were driven by the companys price and service options, increase in private jet availability, and the growing number of travelers that fly privately for business or leisure. These fliers are abandoning older fractional and pre-pay jet card models in favor of New Flight Charters, which offers greater flexibility in aircraft choices and pricing along with premium level service. By focusing on one charter at a time, the company provides the best private flying options available in the industry for each and every flight, at costs up to 35% less than traditional jet card and fractional providers. This superior value and service has been a key reason for New Flight Charters sales growth of 137 percent in the past 3 years of operation.

Leading Private Jet Industry Insiders Call On New Flight Charters

In 2007, New Flight Charters saw an increase in customers, including FAA Operators themselves, and has been called our in-house brokerage by leading private jet operators. New Flight Charters is rated by D&B (Dun & Bradstreet) and is a respected, quality provider called on by jet charter industry insiders. Our expertise in locating and utilizing the best available aircraft in quality and price has made us a source for industry members themselves, and is something we take great pride in, said Rick Colson, President and Founder of New Flight Charters. The companys senior managers also carry personal Airmen Certification from the FAA, something few jet charter brokerages can claim.

New Flight Charters Credits Savvy Private Jet Fliers

Companies and individuals are becoming more sophisticated buyers of private aviation, said Rick Colson, Consumers are realizing the options and value of one way on-demand charters compared to jet cards and local operators. They are using different types of providers depending on their flight needs. For example, New Flight Charters offers Los Angeles (VNY) to New York (TEB) one-way for $30,000 all-inclusive in a new Citation X super-midsize jet seating 8 passengers comfortably, and with a flight time of only 4 hours, 35 minutes. Jet card providers charge over $42,000 for the same flight in a similar size aircraft.

About New Flight Charters

New Flight Charters provides on-demand private jet and aircraft charters worldwide with premium level service. The company presents customers several aircraft options tailored to each individual charter including the best available aircraft and price combination. Founded in 2003, New Flight Charters quickly became a leader in private aviation and a top echelon flight service provider. Among its customers, New Flight Charters is known for exceptional, reliable service, streamlined charter arrangements, high safety standards and no-surprise billing. The company has an accident-free charter history. New Flight Charters senior managers also carry personal FAA Airmen Certification. For more information, visit www.newflightcharters.com.

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    How much does it cost to charter a private jet?

    Below is what you can expect for typical pricing across the U.S. jet charter market.  Actual availability and pricing for a specific date and routing may be a bit lower or higher depending on industry schedules.  Some may ask, “Is it possible for cost be 1/2 of these prices?  Unfortunately no, see also the Jet Charter Pricing Q & A below.

    Many variables go into individual jet charter quotes and pricing for any particular trip. The industry is very diverse, with around 7,000 charter aircraft and 1,650 certificated charter operators in the US alone.

    New Flight Charters has industry-wide reach makes it simple and guarantees the best pricing industry-wide for any specific charter flight.  Get customized make/model quotes if you prefer.  Prefer to see only quotes for the latest models like the new Praetor 600, Legacy 450 or Gulfstream G700?  You got it.  For any request, receive a summary of best available quotes and information for review and comparison.

    Quick Jet Charter Example Pricing:

    Executive Turboprops (up to 8 passengers)

    • A 1-hour drop off is typically $8,000 – $10,000
    • A 2-hour drop off is typically $14,000 – $16,000
    • A 2-hour two day round trip is typically $15,000 – $18,000

     

    Light Jets (up to 7 passengers)

    • A 1-hour one-way flight is typically $10,000 – $12,000
    • A 2-hour one-way flight is typically $12,000 – $15,000
    • A 2-hour flight round trip over 2 days is typically $20,000 – $25,000
    • A one-way flight between New York and Florida is typically $15,000 – $20,000
    • A round trip between New York and Florida over 3 days is typically $30,000 – $40,000
    • A round trip between Texas and New York over 2 days is typically $30,000 – $35,000


    Midsize Jets
    (up to 8 passengers, stand-up cabin)

    • A 2-hour one-way flight is typically $15,000 – $20,000.
    • A 3-hour three day round trip is typically $40,000 – $50,000


    Super-Midsize Jets
    (up to 9 passengers, coast to coast range)

    • A 4-hour one-way from either coast is typically $26,000 – $34,000
    • A 5-hour coast-to-coast one-way flight nonstop is typically $30,000 – $40,000
    • A round trip California to Hawaii over 7 days is typically $90,000 – $120,00


    Heavy Jets
    (up to 16 passengers, inter-continental range)

    • A one-way flight between Hawaii and California one-way is typically $40,000 – $70,000
    • A round trip California to Hawaii over 7 days is typically $110,000 – $130,000
    • A one-way flight between the US and Europe is typically $60,000 – $100,000
    • A round trip New York to Europe over 7 days is typically $110,000 – $150,000

     

    Regional Airliner Charters (up to 30 passengers)

    • A 2-hour one-way flight is typically $40,000 – $60,000
    • A 3-hour flight round trip over seven-days for 20-30 passengers is typically $100,000 – $130,000
    Jet Charter Pricing Q & A:
    Q: Can I get a private jet charter flight for under $10,000?

    A: It’s very rare. If a flight of 1-hour or less matches up with a light jet empty leg, it may be under $10,000 total.  Executive turboprops such as the Pilatus PC-12 or King Air series will typically be under $10,000 for a 1-hour flight or same-day round trip in many parts of the country.  See example costs above.

    Q: What about the articles I see about empty legs for dirt cheap, same as airline fares, or even 1/2 price?

    A: There is a market for all flights, and a well-fitting empty leg will typically be around 75% of standard pricing. Keep in mind, Empty Legs are a convenient marketing angle to attract interest.  Like they say, if it sounds too good to be true…

    Q: How far in advance is best for quotes and booking? The earlier the better?

    A: Not usually. Different from the airlines, the best jet charter quotes and availability are less than 2 months in advance, often less than 1 month. Typically specific aircraft availability and pricing are not set further in advance.

    Q: When is the best time to find an empty leg?

    A: Most jet charters book less than 2 weeks in advance, so that is when the most empty legs become available in aircraft schedules.

    Q: I hear about floating fleets with one-way pricing, what is that?

    A: The biggest trend in jet charter the past decade is specific fleets that string one-way flights together in their schedules, reducing the positioning costs of traditional charters, thus allowing for reduced ‘one-way’ pricing. These are often the best cost options for one-way flights of 2 hours or more. These are the same fleets most jet cards and memberships use to minimize their costs below the rates their customers are paying.

    Q: Are there exceptions? If a jet is flying empty anyway, won’t they take me for cheap for at least some income?

    A: There is a market for flights in the charter industry, so each flight has a market value even up to hours before. Also, flying under charter’s FAA Part-135 regulations is more restrictive, expensive and consuming than flying empty repositioning under Part-91.

    Q: The airline tickets for this trip are so expensive, if 6 of us chartered our own jet could it be similar or not much more?

    A: See the above actual average costs

    Q: Are the above example charter costs your set rates or guaranteed?

    A: No, but they are typical and what we would expect as every-day best in the charter market. For a specific date and itinerary quotes may be a little lower or a bit higher, however we would expect in most cases to be in this range. We do have the widest availability and guaranteed best price industry-wide.

    Q: How can I get a quick real estimate of what a flight might cost, for our decision-making?

    A: Jet charter has so many variables, get helpful easy answers from a friendly expert at 888-701-3843 (no sales pitches, guilt or commitment).