Internet Firm Promises Free Flight

CharterAuction.com has launched a super-light jet management program. The initiative will allow users of the revolutionary class of "super-light" personal jet aircraft to effectively own and fly the aircraft for free.

CharterAuction.com styles itself as the only comprehensive online site for affordable private aircraft charter. The Quincy, Mass.,-based company was established in 1999 as an Internet-rooted exchange for jet charter pricing, offering point-to-point private air charter travel services.

The new jet management program offers the owner of super-light aircraft a guaranteed charter income equal to the cost of the interest payments for the purchase of the aircraft. CharterAuction.com will provide charter operators to manage and pilot the aircraft in its network.

The CharterAuction.com program is aimed chiefly at the Eclipse 500 and Safire S-26 aircraft that are now becoming reality.

"We will guarantee enough charter income to cover costs, but I would predict a strong demand for the aircraft far above our minimum guarantee," says president and CEO Nate McKelvey.

"Most of our current customers will enjoy flying at half the cost of traditional aircraft charters, and I would expect our current volume of $1 million per month to triple with the new pricing structure during the first year of operation."