Aircraft management company Global Jet Concept marks its 10th anniversary this year at a time when longevity itself is quite an accomplishment in an industry that has been badly buffeted by the financial crisis for the past 18 months or so. The Geneva-based company has some 60 aircraft under management contracts, with 22 of them available for charter.
According to charter sales director Bjorn Naberhuis, there has been a surge in charter capacity in recent months with more private owners eager to get income for their aircraft, especially those who would otherwise sell the asset if resale prices hadn’t dropped so much. This has tipped the supply-demand ratio more squarely in favor of charter customers. “The pricing structure has changed and customers now have a big choice,” he told AIN. “For instance, there might be as many as 20 different Challengers available at any time and so a flight from Moscow to London could now be priced at ?20,000 compared with ?36,000 a few years ago.”
More In Charter & Fractional
