April 24, 2024
Air Charter Service saw jet card revenues globally increase 170% in the latest quarter.
Sales were driven by a 64% gain in new customers, according to the U.K.-based charter broker which last year clocked $1.8 billion in revenues.
“The unreliability of scheduled services since the start of the Covid-19 pandemic has brought a lot of new customers into the private jet market and operators who offer jet cards are struggling to cope with the demand because they only have access to their own fleet,” said Tim Rees, Empyrean Jet Card manager, explaining the gains.
He added, “As a brokerage, we aren’t limited to a single fleet. We have access to thousands of aircraft around
the globe, so can always find aircraft availability and have not had to pause jet card sales as some of
these operators have. This means we are now seeing many clients opting for one of our jet card
accounts as a way of guaranteeing aircraft availability and rates.”
Looking ahead, Rees says, “I don’t foresee the jet card trend changing in the near future.”
