Jet Aviation earned more than €14.8 million ($20 million) last year for 12 clients in its aircraft management programmes across the USA and Europe. 

The company now manages more than 200 aircraft in Europe, the Middle East, Africa and North America, and has taken on 19 new aircraft in recent months. Ten of these owners have made their aircraft available for charter.

“What makes Jet Aviation aircraft management services so attractive is that in addition to managing their aircraft, we can provide owners with substantial charter revenue,” says Robert Seidel, senior vice-president of Jet Aviation’s aircraft management and charter services in North America.

Juerg Reuthinger, aircraft management senior vice-president for Europe, the Middle East and Africa, adds: “Historically, our clients in the region always have been hesitant to share their aircraft with others. This, however, has changed within the last few years as we are able to generate income for aircraft owners which help them to offset some of their operating costs.”

Source: Flight Daily News