Charter flights are growing increasingly popular as demand for flexible, readily available options climbs. Aircraft owners considering leaseback or management programs stand to earn quite a profit as demand for this service grows.
A deal built on demand
V2 Jets, a Boca Raton-based no-membership-fee private charter firm, announced Monday that it acquired fellow charter brokerage Corporate Aviation. V2 Jets says Corporate Aviation's aviation advisors will join its team and bring with them long-standing client relationships and deep industry expertise that align with its service model.
With the expanded team, V2 Jets says it is well positioned to support increasing client volume while maintaining an individualized approach. The acquisition is meant to expand V2's advisory capacity and its ability to serve clients across a broader range of travel needs. It plans to continue expanding.
The time is now
Charter broker consolidation signals to owners who have been debating leaseback or management programs for their own aircraft that now is a profitable time to do so. Demand is strong enough to drive mergers between companies, and customers will be researching what charter companies best suit their lifestyles. Owners wanting to join that market should also do their own research to see what charter companies will work best for their needs.
Why it matters
V2 Jets isn't the only one watching this market heat up. For owners sitting on aircraft that could be generating revenue, the same demand driving broker consolidation is the demand that fills charter schedules. The question isn't whether the market is there. It's whether your aircraft is in it.