The fractional market has undergone severe contraction this year, with CitationAir nearly out of the business of commercial business jet operations, Bombardier’s Flexjet sold to Flight Options parent Directional Aviation Capital and Avantair forced into involuntary bankruptcy.

The charter market has not seen much in the way of consolidation this year, and many companies have reported staying decently busy. In fact, this market is about to expand with the launching of the Wheels Up King Air 350i program by Marquis Jet founder Kenny Dichter.

Brokers have always generated the majority of charter trips, and that industry is about to undergo some regulatory changes in the U.S., with a proposed rulemaking offered by the Department of Transportation. It remains to be seen how that will affect the charter industry, but the rules have been promised for a long time and may actually be implemented someday.

In this second part of AIN’s two-part Fractional and Charter Market Special Report, we explore these issues facing the commercial portion of the general aviation industry.