Tuvoli Charter Update: Trendline May Be Leveling Off
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Tuvoli’s new update on US charter activity through March 31 indicates the trendline is showing signs of leveling off, though at a significantly reduced volume.
The update also included a list of resource links (see below) related to the newly passed CARES act. Many in the industry are navigating whether to apply, what exactly to apply for, how to apply and when they can apply.
“If you are eligible then you should apply, presenting the best info you can put together on short notice, so that you get a spot in line,” says Greg Johnson, Tuvoli president/CTO. “Applying does not obligate you to take any money, but not applying will put you farther back in line, should you change your mind. Since demand for these grants and loans is expected to exceed the funds available, being early matters.”
In general terms, a company with 500 or fewer employees could be eligible for the SBA programs, while air carriers should be eligible for the Economic Stabilization Fund.
NATA April 1st Part 135 Operator Call
NATA Coronavirus Resource Page
NBAA CARES Act Overview and Resources
SBA COVID-19 Small Business Guidance & Resources
SBA COVID-19 Disaster Loan Assistance
ABOUT THE DATA: The data in the above graph is collected by the Tuvoli team through direct feeds with the FAA. Tuvoli uses these criteria to filter the FAA data and produce the graph:
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Aircraft flying under call signs known to be air charter/fractional operators
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Tail numbers on Part 135 certificates from the latest FAA information distributed by AFS 260 (Technical Programs Branch), which is compiled by the FAA from D085s
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Aircraft types limited to private jets, King Airs, and Pilatus PC-12s
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Numbers reported are total flight hours per day