CharterX Network Expands, Handles One Millionth Request

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Meanwhile, if one needs more proof that the charter broker industry is growing faster than SpaceShipOne can climb, CharterX will announce today that 25 new operators have joined its Internet-based service. "Itís an exciting time in the air charter industry. As new aircraft enter the fray, new buyers and sellers join the market, and the overall business is maturing such that being connected is vitally important," said Jim Betlyon, CharterX president. CharterX, which says it processes more than 2,000 flight requests each day, is designed to deliver current availability data on more than 1,500 business jets across the country and stores information on more than 1,500 empty legs on any given day. Since the launch, the system has handled more than one million air charter requests.

The company's basic business model is to provide online marketing and distribution tools for air charter operators. Charter operators use CharterXís online trip inquiry to provide passengers instant access to aircraft and charter trip information. The inquiry module, dubbed Xquote, is available to both charter operators and charter brokers in six languages and over 140 currencies. Kevin Godlewski, president of Executive Charter Services, one of the 25 new CharterX participants, noted, ďAs Executive Charter Services expands its private jet charter offerings, we wanted to better attract retail clientele and deliver a professional buying experience. The Industry XChange continues to be where savvy buyers go to locate aircraft anywhere in the world."