LOS ANGELES, Dec. 7, 2017 /PRNewswire/ -- New Flight Charters, a nationwide leader in private jet charter, reports another increase to its credit ratings. U.S. business credit rating firm D&B® Dun & Bradstreet has issued upgrades to components of New Flight Charters' credit rating.
Averaging 13.3% annual growth since 2004, New Flight Charters' 2016 demand and number of flights grew 8.4% and 2017 charters are up 8.8% year-to-date October 31, creating more business with certificated operators, air carriers and vendors than ever before. New Flight Charters has payment terms with 114 leading aircraft management and operator companies.
The company is one of few in the private jet charter industry with a commercial credit rating by D&B® Dun & Bradstreet. New Flight Charters has been credit-rated since 2004 when it was approved as a U.S. Government Contractor.
According to D&B®, "The D&B Credit Rating is a system that measures a firm's size and composite credit appraisal, based on information in a company's interim or fiscal year balance sheet and an overall evaluation of the firm's creditworthiness."
New Flight Charters' current D&B® composite credit rating is the highest possible, "1R2," defined as "Good." Several components of the rating were upgraded earlier this year, including PAYDEX® score, Delinquency Predictor, Supplier Evaluation Risk Rating, and Viability Rating.
Recently, New Flight Charters' ratings were increased again this year; it's Supplier Evaluation Risk Rating increased from 4 to 3, defined as "Low Risk," and its Delinquency Predictor improved from 2 to 1, defined also as "Low Risk."
Company credit ratings, details and reports are available online from D&B®.
New Flight Charters is multi-accredited by D&B-Dun & Bradstreet, BBB-Better Business Bureau, and by Wyvern, LTD, as well as being a registered US government contractor.
First in the air charter industry- since 2010 New Flight Charters has distributed a Company Credentials Report with factual financial, credit, audit and background information and provided it to industry partners. The report is updated bi-annually and publicly available on the New Flight Charters website.
About New Flight Charters
Since 2004, charter aircraft owner and leading U.S. private jet charter brokerage New Flight Charters has arranged private domestic and international flights with top-rated operator aircraft along with its jet charter pricing Best Price Guarantee, top aircraft availability, industry empty legs list, and a perfect safety history. Extensive client reviews and industry ratings are available on the New Flight Charters website. As a registered U.S. government contractor with an A+ rating by the BBB, and named to the Inc.500 fastest growing list four consecutive years, the jet charter company handles 1,400 flights annually nationwide and serves a wide variety of clientele including Fortune 500 companies, government heads of state, presidential campaigns, entertainment icons, private families and entrepreneurs.
For charter quotes or information nationwide, call (800) 732-1653.
Colorado private charter information and quotes to or from Denver, Aspen, Vail, Telluride, Steamboat Springs and more can be found at Jet Charter Colorado. For private jet charter information to and from Jackson Hole, Wyoming, see Jackson Hole Jet Charter. A jet charter aircraft listing, the largest nationwide, can be found at Jet Charter Review.
NFC Public Relations
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SOURCE New Flight Charters