Avinode: charter market remains soft | Aviation International News

Charter & Fractional

Avinode: charter market remains soft

Despite some modest improvement last month, demand in the North American executive charter market is still relatively soft, according to the latest data fr

By Charles Alcock • Managing Editor

October 14, 2009

Despite some modest improvement last month, demand in the North American executive charter market is still relatively soft, according to the latest data from Web-based portal Avinode. On behalf of NBAA Convention News, the company tracked charter rates for three types of aircraft over the past 18 months, and the results show that, in all three cases, average flight hour rates have fallen since March 2008 and even more so since September 2008, just ahead of the last NBAA Convention.

For a Hawker Beechcraft Hawker 800XP the average price last month was $3,331–almost 11 percent down on the September 2008 average of $3,738. Over the same period, the price for an hour in a Bombardier Learjet 60 fell by just over 12 percent from $3,517 to $3,075. For a Gulfstream GIV, the fall was less severe at almost 7 percent but the average price still dipped from $6,217 to $5,786.

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