Commercial credit rating components are upgraded a second time in 2017 as jet charter company growth continues with top-rated aircraft and operators.
LOS ANGELES – 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.
New Flight Charters, a nationwide leader in private jet charter, reports another increase to its credit ratings.
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.
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