By Jet McGuire
The Department of Transportation’s (DOT) Final Rule on air charter brokers offers an important advancement in private aviation. The previously ultraexclusive industry, requiring massive capital expenditures for entry, is now accessible to new entrepreneurs planning to capitalize on the new regulatory framework. New entrants provide more competition to the existing fractional ownership and “jet card” companies operating in the space. Meanwhile, consumer disclosure requirements keep charterers informed and safe going forward. This major regulatory shake-up will make private jet charter more user-friendly and pave the way for more Uber-like services in the industry.
Jet McGuire, Comment, DOT Final Rule on Air Charter Brokers: Paving the Way for the “Uberization” of Private Air Travel, 84 J. Air L. & Com. 447 (2019).