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Private Jet Charter

Air travel has long been part of the world stage, uniting not only local cities and regions, but also nations and entire continents. Trips which took an excruciatingly long time in a ship, bus, or train can now be accomplished in a matter of hours. And with the speed air travel now provides, private jet charter services have become almost a necessity for businesses, politicians, and anyone else who needs to get somewhere quickly without the hassle of commercial travel.

Jet chartering, also known as jet hire, air chartering, and executive chartering, got its start just after World War II. With a surplus of planes provided by war time manufacturing, entrepreneurs began buying up the aircraft and renting them to business executives, sports teams, and freight haulers. A world that was just coming out of the transition from horse and buggy to automobile embraced this new means of air travel with great excitement.

The private jet charter business exploded in the U.S. and some parts of Europe with the introduction of the Learjet in the 1960s. This plane, and the many similar planes it inspired, added luxury and technology to a new niche industry competing for the business traveller. But it was another new concept introduced around the same time that is considered by many to be the single most important development in the private jet charter market: charter management. This idea was one where a charter company would not purchase its own planes due to the excessive cost. Instead, an ownership company or group would purchase the fleet and then turn around and hire a charter company to operate and manage it. Such an arrangement worked well for both parties and is still an attractive option for air charter businesses.

Since the 1990s and the worldwide adoption of the internet, the private jet charter industry has seen even more change. For example, the information age gave rise to air charter brokers who could search the world to find the best deal for travellers. Competition caused prices to fall and amenities to rise as charter companies fought for every traveller they could. In addition, service issues with commercial air carriers began to mount along with their growing financial problems, thus making private jet charter much more attractive.

Today there are three primary options for jet hire: fractional ownership, on-demand charter, and shared-ride charter. Fractional ownership means that two or three companies purchase "ownership" of the available seats on a charter plane. Each company has use of the plane on a per-seat basis, sharing among themselves the cost of maintenance, insurance, etc. This is the most common of the three options. The second most popular is on-demand private jet charter, which simply means a company or sports teams might rent a single plane for a single flight on a pay-as-you-go basis.

Lastly, shared-ride private jet charter operates much like standard commercial air travel yet with smaller planes and the ability to bypass larger and busier airports. With on-demand charter a traveller purchases a single flight ticket on a plane owned or chartered by a third party who has empty seats for that particular flight. Companies who prefer the fractional ownership model often fill their empty seats this way.

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