Monarch Air Group now accepts Bitcoin
Monarch Air Group, based in Fort Lauderdale International Airport, is now accepting Bitcoin.
“In a world where the business aviation market is more of a necessity than a luxury, as an industry leader, Monarch, is among the first in line to evolve and accept the new currency,” said Rishi Maharaj, executive account manager for Monarch Air Group. “We at Monarch continuously enhance and streamline our booking process, with methods like digital contracts, live online quoting and no membership fee charter programmes.”
He predicts that during 2018 between 3% and 5% of flights could be paid for by Bitcoin.“It might be even more; a fact that wouldn’t come as surprise for us due to the steady increase in transactions registered on a yearly basis,” said Maharaj.
Monarch Air Group launched in Fort Lauderdale in 2005. It offers private jet charter, aircraft management and long-term aircraft lease.
Bitcoin – a crypto currency – was created in 2009. PrivateFly, the online charter broker, is thought to have sold the first bitcoin business jet charter in 2014. One aircraft financier has also accepted bitcoin aircraft lease payments from an international client.