Various private aviation firms are attempting to expand their market by using lighter, less-expensive planes to offer private-jet travel for less, CNN reports.
While fractional ownership and whole ownership is reported to be stagnant, according to a study by industry analysts WINGX, the chartering business is booming.
The influx in private-jet chartering is attributable, in part, by firms such as PrivateFly. The firm is third-party booking site that pairs travelers with available private charters. Owner and founder Adam Twidell has seen his business grow threefold since its launch in 2007.
Another company, JetSuite, posts availability for one-leg (one-way) flights on jets that accommodate four to six passengers for rates from $499 to $1,499.
"Some of those trips are silly, like Santa Monica to Van Nuys. But sometimes you can get an entire plane for $499 that flies from Los Angeles to New York, and you can split the price between four people," says JetSuite CEO Alex Wilcox. Granted, he notes, "that's a rarity."