The chartered air transportation market companies offer non-scheduled air transportation of passengers and goods by aircraft, at a toll per mile or per hour for the charter of the aircraft. The charter aircraft can be large or small and offer personalized services as compared to scheduled international and domestic aircraft.
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The market was valued at $147 billion in 2017, and is expected to be driven by increasing public and private investments to develop airports in untapped regions. North America was the largest geographic region in the market in 2017, accounting for around two-fifths of the global market share.
The chartered air transportation market in The Business Research Company’s report is split into three segments: passenger chartered air transportation, freight chartered air transportation and other segments.
The USA was the largest country in the chartered air transportation market in 2017, accounting for thirty percent of the global chartered air transportation market.
The top five competitors in the market are Xojet, NetJets, Vistajet, Onesky Jets, and Bluestar Jets. XOJET is the largest player of the chartered plane market in 2017, with revenues more than $47.3 million. It is private aviation company that owns and operates a chartered fleet of midsize jets. It offers on-demand charter, programs that meet company’s private aviation needs, and priority access to the private jet fleet. It also offers products for flyers who have unfixed schedules and almost no flexibility of their travel. It is headquartered in Brisbane, California.
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