Virgin Charter has had its fair share of ups and downs over the past few months. The charter marketplace suffered a drop in business in late August and September due to the economic downturn, but transaction activity at Virgin now appears to be steadily rising as a result of a shift in clientele, a new business strategy and several new partnerships.
“October was the best month the company ever had,” said Virgin Charter president and CEO Scott Duffy. Business continued “on plan” through November and December and was ahead of target through last month, most notably among corporate clients. Duffy did not provide exact figures but said he is “pleased. One of the biggest trends we’re seeing is that big companies– whole and fractional owners–are trying to get out of ownership, but they still want to fly private. We’re also seeing a high number of redemptions on the jet cards.”
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