November 18, 2024
Florida-based charter operator Executive Airlink had been a provider to both jet card and on-demand charter brokers.
West Palm Beach, Florida-based charter operator Executive Airlink, Inc., has closed.
In an email to brokers this morning, the operator wrote, “Effective immediately, today, June 6th, 2023, Executive Airlink will cease its operations completely, and our fleet will be grounded. If you or your clients had a planned flight, we recommend make alternate plans.”
According to its website, it had three Hawker 800XPs and a King Air 90 available for charter.
One broker tells Private Jet Card Comparisons they had stopped using the company several months ago.
He said there had been an increase in cancelations and long waits for refunds.
Another provider that used Executive Airlink for its jet card program said he hadn’t experienced any issues.
Update June 6, 2023, @ 3:25 pm: Jordan Brown, CEO of broker Charter Flight Group posted on LinkedIn, “We had 45k on account with them.”
The news came on the heels of fractional Jet It grounding its fleet and continued financial woes at Wheels Up.
Vista Global, the parent of VistaJet and XO, was recently spotlighted for its increasing debt and losses on a net basis in a profile by the Financial Times.
While demand is falling from the Covid surge, operators say increased operating costs and supply chain issues are keeping pressure on expenses.
Executive Airlink did not respond to a request for comments.
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