Companies Handle $6.5 Million Annually In Air Charter
Aero-News has learned that Portland, OR-based air charter
marketplace CharterX Corp. recently acquired Wyvern Consulting
Ltd., which specializes in aviation safety auditing, consulting and
Representatives with CharterX say that together, the companies
will deliver Safety Intelligence, the air charter industry's first
integrated information system, providing in-depth safety analysis
to air charter buyers around the world.
"The acquisition of Wyvern significantly advances our strategy
of building the air charter industry's premier information
technology company," says Jim Betlyon, CharterX founder and
president. "As air charter usage has increased markedly in recent
years, safety information has become increasingly important to
charter buyers. By delivering Wyvern's Safety Intelligence through
CharterX's platform, buyers will be able to ensure that they are
booking a safe and compliant flight."
While working with
CharterX to deliver integrated safety information services, New
Jersey-based Wyvern -- which has performed more than 1,500 charter
audits worldwide -- will continue to operate as a separate,
unbiased safety evaluations entity, providing ongoing operator,
aircraft and crew analysis and consulting services.
As a combined company, CharterX and Wyvern facilitate more than
$6.5 billion in air charter transactions annually. Charter
operators around the world use the CharterX Industry XChange to
distribute information about their fleets, availability and
pricing. Thousands of charter brokers, operators, fractional-share
operators, flight departments, corporations, travel agencies and
individuals use the system as their primary tool for locating lift.
CharterX's network processes more than 2,000 aircraft requests each
day; its database has more than 15,000 aircraft worldwide, with an
average of 3,000 aircraft available and 1,700 empty leg (one-way)
flight segments updated daily.
Walter D. Lamon, founder of Wyvern, will continue as president,
and says he views the merger with CharterX as a tremendous
opportunity for his company.
"For more than 15 years, Wyvern has been the industry leader in
safety standards and methodologies; CharterX has a successful track
record of developing and delivering services that enable the air
charter industry to operate profitably and efficiently," Lamon
said. "Operators who have met Wyvern's stringent safety standards
will further benefit from the CharterX distribution platform,
because it will enable them to market their operational soundness
to air charter buyers around the world."