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[video] Quick Take: Demand for Private Aviation Soars

NEW YORK ( TheStreet) -- There has been a new way for global aircraft to take flight, with Kenny Dichter, founder and CEO of Wheels Up, and Thomas Flohr, founder and CEO of VistaJet.

Flohr has built a long-range network over Europe, Asia, and Africa, and as the two chief executive officers told TheStreet's Jill Malandrino, the service is now making its way into the United States.

Flohr said the U.S. has the largest market in the world, with 10,000 jets, compared with 8,000 in the rest of the world.

Although it's typically a complex task, renting a luxury airliner has become somewhat easy.

With just a three-page contract, clients pay hourly to use the jet service, with a 100-hour minimum over a three-year span, Flohr said.

He added that there is an unprecedented demand for global transportation and that many U.S. corporations already use this service overseas.

VistaJet uses only new aircrafts, which are still covered by the manufacturer's guarantee.

The executives concluded that they should sell out about 5,000-hours within three to four months with 40 to 50 clients and have plans for similar sales, if not more, in 2014. The current arrangement allows for further expansion, with more jets.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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