Irakli Litanishvili discusses his latest enterprise, Mirai Flights—an app-based charter brokerage that claims to have cut the time between searching for business jet availability and confirming a paid booking to less than 10 min.
Yet many of those companies are small- and medium-size businesses and finding the time and money is a serious hurdle for them, industry observers warn.
The outlook for U.S. small community air service is grimmer than any time in recent memory, and the situation will likely get worse before it stabilizes.
Following an unsuccessful attempt in May by the town board of East Hampton to close the public airport (HTO) and reopen it 33 hours later as a private-use town airport (JPX), the board has now switched paths and requested that its attorneys begin the process of shutting down the airport entirely.
Consolidation has amplified the age-old supply/demand dilemma that affects any market undergoing a rate of expansion that cannot be easily met by creating new capacity, and some smaller players in business aviation are feeling the pinch.
“Despite the challenges facing businesses and sectors, it’s been one of the most active few years for Global Jet both with charter and aircraft sales,” the company said ahead of the opening of EBACE 2022.
Gulfstream Aerospace Corp. has announced the company will expand completions operations at its St. Louis Downtown Airport (CPS) facility in Cahokia, Illinois, located less than three miles from the Gateway Arch riverfront in St. Louis.
Stakeholders, including the National Business Aviation Association (NBAA), have filed a pair of motions in the U.S. District Court for the Eastern District of New York requesting to pause the planned closure of East Hampton Airport.