Charter & Fractional
Charter providers see change amid financial downturn
European business aircraft charter operators and brokers face an unpredictable summer following a 25- to 30-percent downturn in bookings as a result of the

European business aircraft charter operators and brokers face an unpredictable summer following a 25- to 30-percent downturn in bookings as a result of the recession. According to charter operators and brokers surveyed by EBACE Convention News, the slowdown gathered pace in the final quarter of 2008 and continues.

Within a one- or two-week period late last year there was a sudden drop-off in bookings, including cancellations, according to one broker, while others confirmed short-term uncertainty across a sector whose fortunes are largely related to global economic and stock-market trends.