Charter & Fractional
KlasJet CEO Sees Opportunity For Business Aviation
Airline delays and cancelations cost travelers billions, while business aviation can save executives several hours each flight, KlasJet chief says.

Business aviation has an opportunity to capitalize on the “soaring failure” in commercial travel, according to Vitalij Kapitonov, the CEO of European charter KlasJet, who cited growing delays, flight cancelations and mishandled bags as significant problems. Flightstats data reveal that 700 commercial flights are cancelled daily globally and 470,515 flights were delayed last month, the company noted. Delays and cancellations cost U.S. travelers $8.5 billion in 2014. Also, 21.8 million bags were mishandled in the U.S. last year, frustrating travelers.


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