Airlines

Jet.AI launches AI-powered charter booking platform

Jet.AI, an innovative private aviation artificial intelligence (“AI”) company, has announced the release of CharterGPT, an AI-powered charter booking tool. This innovative technology streamlines the tedious procedure of booking a private jet. The CharterGPT app connects with both consumers and charter operators using natural language processing to reduce the time spent by a broker as the “human-in-the-loop.”

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Currently, 80% of the approximately 2,350 Part 135 charter operators in the United States have fewer than ten aircraft, and 60% have fewer than five. These Part 135 charter businesses operate similarly to micro airlines and can be difficult to obtain a charter quote from. Aside from handling client interactions, CharterGPT is intended to assist screen through and receive responses from these smaller operators through outbound, interactive, natural language communication.

The upcoming version of the app, which is planned in the autumn, is also anticipated to incorporate Stripe for payments and provide seamless contract reconciliation between Jet.AI’s contracts with consumers and contracts with operators include advice on preferred ground transportation, the most effective airport locations to travel into and out of, the most advantageous departure dates, and more.

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The CharterGPT app has been uploaded to the iOS store and is planned for release in early August with Android store release expected a few weeks later. For more information on Jet.AI and CharterGPT, please visit www.jet.ai.

CharterGPT is Jet.AI’s most recent product launch comes on the heels of its proposed business combination announcement with Oxbridge Acquisition Corp. Upon the closing of the transaction the combined company will be named Jet.AI Inc. and its securities are expected to be publicly listed on Nasdaq Capital Markets.

Airlines

Sanctions & Engine Issues Ground Half of Russia’s A320neo fleet

Russia’s aviation sector, already strained by Western sanctions, faces another setback as nearly half of its Airbus A320neo family aircraft are grounded due to unresolved engine issues.

This development highlights the growing challenges for russia commercial aircraft in maintaining their fleets under the weight of global restrictions and limited access to spare parts.

Out of the 66 Airbus A320neo and A321neo jets in Russia, 34 are now out of service, according to the Kommersant business newspaper. These planes are powered by engines manufactured by Pratt & Whitney, a subsidiary of RTX Corporation.

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The engines are affected by a previously identified defect in the metal used for certain parts, prompting accelerated inspections and maintenance.

Sanctions have compounded the issue, blocking the supply of essential components from major manufacturers like Boeing and Airbus. Without proper maintenance, experts warn that these aircraft may face decommissioning as early as 2026.

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Airlines like S7, which operates a significant portion of these grounded jets, plan to conserve the engines for future use during peak travel seasons. However, reports suggest that over 20 of S7’s Airbus planes have engines that have already reached the end of their operational lifespan. Recently, russia seeks assistance from kazakhstan’s airlines to bolster its domestic flights.

While some A320neo and A321neo planes in Russia are equipped with French-made LEAP engines, which are seen as less problematic, the challenges remain daunting.

The situation underscores the long-term impact of sanctions on Russia’s aviation sector and the increasing difficulties in keeping its modern fleets operational.