ExecuJet Charter Service Inc. has both suffered and benefited from the recession.
On one hand, revenue and earnings for the Tampa-based company took a significant hit through much of last year (it won’t reveal how much) as corporations of all sizes cut back on travel. On the other, some larger companies were scrutinized into divesting their own aircraft, which resulted in more business for private air charters.
In both instances, the need to be able to get anywhere at anytime, as quickly as possible, never went away. Executives who get paid by the thousands per hour aren’t productive waiting around for the next commercial flight, with likely delays, and that alone may justify the need to book jet service.
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