Charter & Fractional
Broker Virgin Charter shuts down operations
Virgin Charter, the online charter brokerage

Virgin Charter, the online charter brokerage
launched with great fanfare in mid-2007, ceased operations on October 23. “With the severe decline in corporate travel, Virgin Charter was unable to generate sufficient sales to underpin its business plan,” according to a company statement, “and has taken the difficult decision to close its doors.”

Virgin Charter was part of Sir Richard Branson’s Virgin USA division, but the company was launched earlier by Scott Duffy as Smart Charter, supported by investors that included Funk Ventures Acceleration Partners. Duffy had previously worked for charter broker Blue Star Jets. In December 2006 Virgin became the sole investor, according to Jody Sherman, who had joined Duffy at Smart Charter.

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