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Air charter broker regulations impact private jet pricing transparency
Since 2019, air charter brokers in the United States have operated under 14 CFR Part 295, the Department of Transportation’s first dedicated regulation for the industry. This regulation requires brokers to disclose the name of the direct air carrier and their specific capacity in a transaction before a contract is signed.
While the rule increases transparency, it does not mandate that brokers itemize specific fees. Under sub-part 295.24(a)(4), brokers must provide the total cost of transportation, including broker fees and government taxes, if requested by the charterer. However, the regulation explicitly states that individual fees and costs do not need to be broken down into separate line items, leaving the level of pricing transparency to the discretion of individual businesses.
Entities
Federal Aviation Administration · Internal Revenue Service · National Business Aviation Association · Paramount Business Jets · U.S. Department of Transportation
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] 14 CFR Part 295 is the Department of Transportation’s first dedicated regulation for the air charter industry. pontevedrarecorder.com · keyt.com · krdo.com
- [● 3 SOURCES] Upon request, brokers must provide the total cost of transportation, including fees and taxes. pontevedrarecorder.com · keyt.com · krdo.com
- [● 3 SOURCES] Air charter brokers have operated under 14 CFR Part 295 since early 2019. pontevedrarecorder.com · keyt.com · krdo.com
- [● 3 SOURCES] Current regulations do not require brokers to itemize specific individual fees, taxes, or costs. pontevedrarecorder.com · keyt.com · krdo.com
- [● 3 SOURCES] Brokers must disclose the name of the direct air carrier and their capacity in a transaction before entering a contract. pontevedrarecorder.com · keyt.com · krdo.com