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Wed, May 25, 2005

CharterAuction Buys Skyport's Private Jet Chartering Division

Customer Service Noted as Primary Selling Point

CharterAuction says it has purchased the business of JetEquity Travel, the private jet chartering division of Skyport Aviation.

"Strategically, we've decided to focus our efforts exclusively on the management and growth of our very successful FBO," said Hugh F. Regan, Skyport CEO. "In order to maximize value for our private aviation clients, we've selected CharterAuction, well-known in the industry for the highest standards of safety, value and quality, to serve their needs. Also, because customer service is always the priority, this tactical move will provide us with additional resources to support our FBO customers."

Skyport operates a private, elegant facility, with amenities for clients and flight crews. Located at the Westchester County Airport in New York, the facility offers all the amenities expected from a world-class company including a spacious departure lounge, a state-of-the-art flight operations center and approximately 80,000 square feet of office and hangar space. In addition Skyport provides ground support services including aircraft fueling, cleaning, deicing and washing.

"Continuing JetEquity Travel's commitment to customer service and safety is our top priority," said Nate McKelvey, CEO of CharterAuction. "JetEquity Travel has done an excellent job of servicing its clients and providing a high level of safety. CharterAuction's infrastructure and technology will provide additional capabilities in these areas."

CharterAuction's expert team of consultants, concierge staff and technology enables clients to select a specific jet each time they fly. Customers may view the jet's external features and internal amenities online before a decision is made, get detailed safety reports on the aircraft operator, the aircraft and the pilots, and, through its reverse-online auction, obtain market-driven pricing for their trip.

FMI: www.charterauction.com

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