CharterX Goes Live
Charter Guide has created a separate joint venture entity, known
as CharterX Corp. CharterX licenses technology to the most
significant air charter operators and brokers for their online
quoting and reservations and operates the principle online industry
marketplace.
"We have identified new opportunities, technologies, and
business models which will significantly increase the business base
of the overall air charter market. These new programs require
significant financial investment and company focus, which can be
more effectively pursued as a separate corporate entity. Air
Charter Guide has provided a trusted platform for the development
of the CharterX network. Given the strength of membership, the
volume network search traffic and overall system stability, the
company said it has all the requisite pieces to succeed and promote
each and every participant," said Jim Betlyon, President of
CharterX.
Fred Gevalt, President of Air Charter Guide added, "We are proud
of what we have created over the past four years; its success in
the marketplace, the trust of each of our clients, and the people
in our company who created the central online industry marketplace.
The Air Charter Guide and I will continue to support CharterX. We
believe in the technology, the people, and the opportunity for
CharterX and its members in the current and future air charter
market." The ‘joint’ in venture is extremely strong.
Air Charter Guide (ACG) will continue to promote advertisers
through the online quoting and trip inquiry XQuote tool on the
AirCharterGuide.com website.
Every charter operator listed in The Air Charter Guide can
continue to update aircraft availability and pricing through
AirCharterGuide.com. CharterX systems will continue to promote ACG
publications, while participants can still proof and update their
ads and book listings through the popular CharterX Industry
Xchange.
CharterX said the close relationships and benefits between ACG
publications and its advertisers will continue. All assets, data
and technology that have been used by and for the customer base
will be transferred to the new venture. All persons who have worked
within CharterX are part of the new joint venture.
Fred Gevalt will continue as a board member for CharterX, and
Jim Betlyon, the Director of Online Services & Chairman of Air
Charter Guide will assume executive responsibilities for CharterX,
and continue to serve on the board of Air Charter Guide.