New Flight Charters, a nationwide leader in on-demand private jet charters, announced a 17.5% year-over-year increase for the first quarter of 2018. Its growth trend continues; for the 2017 calendar year the company previously announced a 12.5% year-over-year increase.
New Flight Charters more than doubled the charter industry’s growth trend for the first quarter, an 8% increase year-over-year according to TraqPak data released by Argus International.
A strong move to larger aircraft was reported, with a 41% climb in midsize, super-midsize and heavy jet charters as a group, while light jet charters and turboprop charters descended 16% and 23% respectively. New Flight Charters fliers choose their specific aircraft from an array of options for each flight, sourced per their own preferences and guaranteed for best price in the market.
This furthers a trend toward larger aircraft that was seen in 2017 (+16%).
The company attributes the increase in part to better pricing options with the growth of floating fleet aircraft availability – currently 316 aircraft from 27 operators are available to New Flight Charters’ clients. Floating fleet aircraft can be quoted point-to-point without having to revolve around a certain base and incur that additional cost, thus are typically better than traditional charter quotes, jet cards and memberships.
Celebrating its 14th anniversary and named as an Inc.5000 fastest growing U.S. company four different years, New Flight Charter has averaged 13.5% annual growth since 2004.
“We are seeing growth on several fronts, but most important to us is our client return rate which reflects the level of service. With on-demand charters flight by flight, each one must be on point,” commented New Flight Charters’ president Rick Colson. “The people are the most important part of any business, and that’s particularly so with custom on-demand charter. The largest number of compliments we receive are about our people.”
The company continues to see growth also from its specific initiatives in Colorado and Jackson Hole, Wyoming where it is headquartered.