Charter service
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Charter service refers to the rental of an entire aircraft, rather than individual seats on a scheduled flight. This allows for flexibility in terms of departure and arrival times, airports, and routing. Charter service is often used by businesses, sports teams, and other groups that need to travel together, as well as by individuals seeking a more personalized travel experience.
Charter services in other transportation industries
Charter services are also available in the yachting and other transportation industries.
In the yachting industry, charter service providers offer luxury yachts for rent to individuals or groups for vacations or special events. These services typically include the use of the yacht, crew, and often additional amenities such as water toys, fishing equipment, and gourmet food and beverage options.
Similarly, in the transportation industry, charter services can include car rental, bus rental, and limousine services. These services typically involve renting a vehicle or a fleet of vehicles to individuals or groups for special events, tours, or for business purposes.
Like other charter services, these services are typically offered on a per-trip or per-hour basis, and the pricing can vary based on the type of vehicle, the duration of the rental, and any additional services offered. These charter services also need to comply with regulatory requirements set by the authorities of the country where they operate.
Business model of charter service
The charter service business model typically involves leasing or owning one or more aircraft, and then renting them out to customers on a per-flight basis. The customers can be individuals, businesses, or other organizations that need to travel to a specific destination at a specific time. The charter service provider will typically handle all aspects of the flight, including scheduling, aircraft maintenance, and piloting.
Revenue for a charter service can come from several sources, including:
- Charter flight fees: The main source of revenue, based on flight hours, distance, type of aircraft, and other factors.
- Additional services: Some charter service providers may offer additional services such as catering, ground transportation, and baggage handling.
- Aircraft leasing: Charter service providers may also lease their aircraft to other operators, providing additional revenue.
Charter service providers typically operate on a global basis and must comply with regulatory requirements set by the authorities of the country where they operate. Additionally, they have to ensure their aircraft meet safety standards and are maintained properly.
Overall, charter service business model is a complex one that requires a significant amount of capital, expertise and regulatory compliance to operate successfully.
Examples of charter services
There are many examples of different types of charter services available in different industries. Here are a few examples:
- Air charter: Companies like NetJets and Flexjet offer private jet charter services for individuals and businesses. Customers can choose from a variety of aircraft types and have access to a fleet of jets for their travel needs.
- Yacht charter: Companies like The Moorings and Sunsail offer luxury yacht charter services for individuals and groups. Customers can choose from a variety of yacht types and have access to a fleet of yachts for their vacation or special event.
- Car charter: Companies like Enterprise Rent-A-Car and Avis offer car rental services for individuals and businesses. Customers can choose from a variety of vehicle types and have access to a fleet of cars for their transportation needs.
- Bus charter: Companies like Greyhound and Trailways offer bus charter services for individuals and groups. Customers can choose from a variety of bus types and have access to a fleet of buses for their transportation needs.
- Limousine charter: Companies like Limos.com and Carey International offer limousine charter services for individuals and groups. Customers can choose from a variety of limousine types and have access to a fleet of limousines for their transportation needs.
These are just a few examples of the many charter services available in different industries. In general, charter services are a flexible and customizable way for individuals and groups to meet their transportation or travel needs.
Suggested literature
- Luković, T., Piplica, D., & Hruška, D. (2021). Comparative performance analysis of the marina and charter service industries in Croatia. Pomorstvo, 35(2), 318-326.
- Paker, N., & Gök, O. (2021). A Comprehensive Evaluation of Yacht Charter Service Concept: Influence of Voyager-to-Voyager Interaction on Service Satisfaction. Journal of ETA Maritime Science, 9(3), 157-167.
- Noh, C. K. (2004). An Empirical Study on Remote Island Route Charter Service Provider Selection Using AHP. In Proceedings of the Korean Institute of Navigation and Port Research Conference (pp. 239-244). Korean Institute of Navigation and Port Research.
