Revolution Air Notes Increase In Charter Business | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 07.03.15

Airborne Hi-Def On YouTube

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 07.03.15

 

Thu, Mar 12, 2009

Revolution Air Notes Increase In Charter Business

Bailed-Out Corporations Flying Their Aircraft Less

Finally... evidence the policies set forth by government stimulus plans are actually working, at least for some aviation companies. In something of a mixed blessing, charter broker Revolution Air tells ANN it has seen an increase in corporate charter flights from companies receiving government financial assistance... as those companies are discouraged from maintaining their own corporate aircraft fleets.

The company attributes the increase to updated restrictions related to participation in TARP (Troubled Assets Relief Program), EESA (Emergency Economic Stabilization Act), and other government financial assistance programs.

Revolution says the United States Treasury announced new restrictions last month on executive compensation for organizations that receive government assistance in handling problems related to the current economic climate. Included in these restrictions were expenditures related to aviation services... which are under tight scrutiny by both organization CEOs and the government.

With these restrictions, many Fortune 500 companies, smaller organizations, and financial institutions are selling their corporate aircraft, closing associated flight departments, and backing out of aircraft purchase agreements. However, these organizations still have a strong need for private business travel to attend high-level and essential corporate meetings, negotiations, and events.

"It's no secret that corporate flight departments are currently being regarded as luxury items for businesses, which is rather unfortunate given their necessity in today's worldwide competitive corporate environment," said Ron Goldstein, President of Revolution Air.

"Even though the government would prefer for all of these organizations to use commercial transportation for business travel, it is not always a viable option. For instance, high-level executives require certain security measures for not only their personal safety but the safety of sensitive documents they travel with, which is not feasible on a commercial airline. Revolution Air charter flights offer an affordable solution that provides privacy without undue costs."

According to Goldstein, changes in the economy have also changed the purposes for use of charter travel. "Previously, when high-level individuals chartered aircraft, it was for business as well as personal use," said Goldstein. "Now, Revolution Air sees a trend forming where corporate executives use charter aircraft for business travel and rely on commercial travel for recreational activities such as golfing in Naples or skiing in Aspen."

FMI: www.revolutionair.com

Advertisement

More News

Airborne 07.03.15: New Trig Avionics, Cargo Biz Grows, iOS GPS Fix

Also: 'No Drone Zone', Aviation v Media, Women's Air Race Classic, Houston Spaceport, Navy's New A/C Launch System, GA Fly Safe, FAA InFO Trig Avionics tells us they are unveiling >[...]

Aero-News: Quote Of The Day (07.05.15)

"Without question, the arrival of the EA-6B Prowler on the carrier deck established airborne electronic attack as an invaluable, 'don't leave home without it' part of every Navy an>[...]

ANN FAQ: Share Aero-News With Your Friends

Send Them A Story -- We Don't Mind! Do you need another set of eyes to see that story you can't believe Jim just wrote? Want to spread Hognose's unique wisdom and perspective to th>[...]

ANN's Daily Aero-Term (07.05.15): Instrument Approach Procedure

Instrument Approach Procedure A series of predetermined maneuvers for the orderly transfer of an aircraft under instrument flight conditions from the beginning of the initial appro>[...]

ANN's Daily Aero-Linx (07.05.15)

Aero Linx: The Air Force Historical Foundation The Air Force Historical Foundation is dedicated to promoting the preservation and appreciation of the history and heritage of the Un>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC