Premier Air Charter Strengthens Fleet with Challenger 604 Acquisition
Rhea-AI Summary
Premier Air Charter (OTCID: PREM) announced the acquisition of a Challenger 604 to expand its fleet, with the aircraft expected to enter service in the coming weeks. The company said the addition increases charter capacity, supports growth along the Eastern Seaboard, and aims to strengthen market presence and long‑term shareholder value through disciplined fleet investment.
The purchase is presented as a strategic response to rising demand in business and leisure aviation and part of Premier’s effort to scale operations and improve service availability.
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News Market Reaction 1 Alert
On the day this news was published, PREM gained 5.59%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PREM fell -8.72% while peers were mixed: JETMF down -3.86%, CAJTF sharply lower at -96.88%, CVAT up 1.94%, and HRBR/WZZZY flat. The move appears company-specific rather than a coordinated airlines-sector reaction.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Corporate update | Positive | -26.9% | Year‑in‑review video outlining 2026 three‑part growth strategy and fleet plans. |
| Nov 24 | Marketing event | Positive | +5.7% | Facility tour and live broadcast with professional golfer Rocco Mediate highlighting service. |
| Nov 20 | Capital structure change | Positive | -8.2% | Amendment raising Series A preferred conversion price to reduce potential dilution. |
| Nov 18 | Earnings report | Positive | +2.1% | Q3 2025 Form 10‑Q reporting 76% QoQ revenue growth and improved equity position. |
| Oct 10 | Operational update | Positive | -25.1% | Strong Q3 charter and regional growth in Hawaii and Mexico with corrected figures. |
Recent news has often been positive but followed by weak or negative price reactions, with several sizable declines after seemingly favorable updates.
This announcement adds a Challenger 604 to PREM’s fleet, aligning with prior communications about expansion. Recent filings showed Q3 2025 revenue of $7,073,341 and nine‑month revenue of $20,376,185, alongside substantial operating and financing pressures. Management previously highlighted a three‑part 2026 growth strategy and strong Q3 charter and regional growth, yet past positive updates sometimes coincided with double‑digit percentage declines. The new fleet addition fits the ongoing growth narrative but comes against a backdrop of going‑concern warnings and capital structure adjustments.
Market Pulse Summary
The stock moved +5.6% in the session following this news. A strong positive reaction aligns with PREM’s ongoing growth narrative, including prior disclosures of 76% quarter‑over‑quarter revenue expansion and new aircraft entering the fleet. Historical patterns show that even good news sometimes met selling pressure, so sustained gains have not been guaranteed. Investors would likely have weighed the fleet growth against going‑concern language, limited working capital, and sizable current liabilities, all of which could continue to influence volatility.
AI-generated analysis. Not financial advice.
Strategic expansion underscores commitment to growth and enhanced charter capacity, with the aircraft entering service in the coming weeks.
CARLSBAD, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Premier Air Charter Holdings Inc. (OTCID: PREM) (“Premier Air Charter,” “Premier,” “PAC,” or the “Company”) today announced the strategic addition of a Challenger 604 to its fleet, reinforcing the Company’s growth trajectory and expanding its charter capacity. The acquisition underscores Premier’s commitment to scaling operations in response to rising demand for business aviation, while positioning the Company to deliver enhanced service availability in the weeks ahead. This fleet expansion reflects a disciplined investment strategy aimed at strengthening market presence and with the goal of driving long‑term shareholder value.
"The addition of the Challenger 604 marks a significant milestone in Premier Air Charter’s growth strategy. Expanding our fleet with this aircraft not only increases our charter capacity but also strengthens our ability to meet rising demand in the business and leisure aviation markets. This investment is intended to position the Company to capitalize on continued demand in the business and leisure aviation markets," stated PAC President Ross Gourdie. “This addition gives us the flexibility to expand our footprint along the Eastern Seaboard as well, a region experiencing substantial growth. Our sales team is energized and ready to meet the rising demand, positioning us to capture new opportunities and strengthen our market presence.”
With the Challenger 604 joining its fleet, Premier Air Charter continues to execute on its vision of working toward becoming a leading provider in the private aviation sector. This expansion reflects the Company’s disciplined approach to growth, its focus on operational excellence, and its commitment to delivering long‑term value to clients and stakeholders alike.
About Premier Air Charter
Premier Air Charter Holdings Inc. (OTCID: PREM) is a Carlsbad, California-based aircraft charter provider that serves an international community of aviation enthusiasts. Premier Air Charter specializes in creating trusted partnerships within the aviation industry to deliver bespoke aviation solutions for its clients. With a focus on reliability, innovation, and sustainability, Premier Air Charter aims to continuously exceed expectations, fostering lasting relationships and with the goal of becoming the preferred choice for private air travel worldwide. For more information, please visit www.premieraircharter.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions, fuel prices, regulatory changes, the availability of aircraft financing, and the Company’s ability to integrate and operate the newly acquired aircraft, and and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
Media Contact:
Ross Gourdie, President
Premier Air Charter
(858) 304-2665
office@premieraircharter.com
Investor Relations:
Stuart Smith
SmallCapVoice.com, Inc.
ssmith@smallcapvoice.com
512-267-2430
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17038a0a-cb07-4835-9a4b-fe388365a9e6
FAQ
What did Premier Air Charter (PREM) announce on December 11, 2025?
How will the Challenger 604 affect PREM's charter capacity and routes?
When will the Challenger 604 enter service for PREM?
Does the PREM release disclose the purchase price or financing for the Challenger 604?
What strategic goal did PREM cite for acquiring the Challenger 604?
