Air Charter Fixed Price Bidding Platform Now Available

NEW YORK, April 1, 2014 /PRNewswire/ -- Penton's The Air Charter Guide and Coastal Aviation Technologies today launched a fixed-price bidding system for air charter flights on the AirCharterGuide.com website, expanding the recently announced strategic partnership to provide real-time, online private air charter quoting and booking capabilities.

The new fixed-price bidding platform integrates the advanced air charter quoting and sourcing technology embedded in Coastal Aviation's PERSONIFLY system with The Air Charter Guide's global database of air charter operators and aircraft. Designed to be as simple and straightforward to use as the original Air Charter Guide online directory, individuals and corporations can now make a firm offer at a fixed price for a private air charter flight, specifying type of aircraft and trip parameters. The PERSONIBID system locates available operators ready to meet the trip requests and it provides an online channel to complete the private air charter contract.

David Hackett, Coastal Aviation Technologies' Chief Executive Officer, comments, "Many of our customers looking for private air charter quotes expressed a strong interest in increased schedule flexibility if it meant finding a better value for their charter flight, and likewise, many of our air charter operators are constantly looking for ways to improve their aircraft utilization - this new fixed price bidding system achieves those objectives."

Frank Craven, Managing Director of the Business Aviation Group at Penton, notes, "We are extremely excited to be able to offer such a powerful tool to users of AirCharterGuide.com and, at the same time, provide a new revenue stream to the air charter operators that are listed in our online directory. With more than 2,400 air charter companies and 13,000 aircraft, we can help virtually any customer looking to source private air charter flights."

About The Air Charter Guide
The Air Charter Guide has been publishing a variety of air charter directories for more than 25 years. Each edition is packed with the most reliable information tailored to serve the needs of specific air charter buyers. Our editorial staff is constantly updating listings for charter operators, brokers, and ground service companies around the world.

About Coastal Aviation Technologies
Since 2001, Coastal has developed private aviation's most advanced fleet and revenue management applications. Through proprietary artificial Intelligence based systems and the use of Massively Parallel processing, Coastal provides online air charter quoting and booking capability, a platform to enable alliances between charter operators, and as the industry's leading fleet schedule optimization system.

About Penton
Penton is a leading professional information services company that engages and informs millions of professionals every day, helping them grow and solve their most critical business challenges. As a provider of critical workflow solutions and insightful content, marketing services and networking, Penton helps businesses do business in five core growth markets: agriculture, transportation, natural products/food, infrastructure, and industrial design/manufacturing.

Penton is a growth company with a track-record of strong performance and success and is backed by its co-owners: MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.

For additional information on the company and its businesses, visit www.penton.com.

MEDIA CONTACTS:

Eric Wing
Marketing Manager
Penton – Business Aviation Group
800.600.6199
[email protected]

David Hackett
President & CEO
Coastal Aviation Technologies
[email protected]

SOURCE Penton