The New Aircraft Charter Rules: A Deep Dive!
After nearly ten years of work, the FAA has finally issued a new set of comprehensive regulations governing “air charter brokers” and how they operate. According to the Department of Transportation, these new rules are intended to “facilitate innovation and growth in the air charter industry while strengthening the legal protections provided to consumers of charter air transportation.”
In addition, in 2019, the FAA and DOT will be conducting increased surveillance, oversight, and enforcement of charter operators and brokers.
The new regulations, which go into effect on February 14, 2019, come at a time when the aircraft charter market is leading the resurgence in domestic business aviation.
According to one report, charter activity during the first half of 2018 was up by more than five percent, putting it at levels not seen in more than a decade. That demand is only going to increase, with estimates that the global charter market will hit revenues of $31 billion between 2018 and 2022.
For this 90 minute complimentary webinar, LeClairRyan’s Aviation Team invites you to join us as we unpack these new regulations and explain what you must, can, and cannot do. Among the questions we will answer are:
- What is the new category of indirect air carrier and how will it work?
- Are there new licensing or registration requirements for air charter brokers?
- How much transparency is required in these charter transactions?
- What are the limits on advertising, signage, and aircraft marking?
- Are there insurance requirements?
- How much information does the broker have to disclose regarding its financial arrangements with a direct air carrier?
- What are the penalties for failing to follow the new rules?
As always, we will have a lively and opinionated discussion, with ample opportunity for the audience to ask questions and get the answers they need.