ACS Offers 2021 Predictions for Charter Industry | Aviation International News

Charter & Fractional

ACS Offers 2021 Predictions for Charter Industry

This year will mark the return of the business traveler, global broker Air Charter Services predicts.

By Jerry Siebenmark • Senior Editor

January 19, 2021

A rising number of insolvencies within the aircraft charter industry and an increase in private jet bookings among business travelers will be among the developments in 2021, according to global broker Air Charter Services (ACS). “We are already seeing a reduction in marketing spends from these [charter] companies who often portray the results of heavy marketing investment, as well as loss-leading pricing, as illustrations of the success of their business model to generate new investment,” said ACS group private jets director Andy Christie. “Without the new customers generated through these strategies, the rate of growth will slow and, for some, that will mean serious cash flow issues, which may lead to insolvency.”

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