The corporate chartered aviation space is massive. According to Avinode, which offers an online marketplace for private jet charter buyers and sellers, the average transaction in this space is $35,000. But the payment part of that transaction can be difficult. Avinode announced its solution to that point of friction this week with the launch of PayNode, a payment service provider designed for the aviation industry with a particular focus on private B2B charters. “Imagine eBay without PayPal,” said PayNode Global Business Director Magnus Henriksson in an interview with Aviation Week. “Well, that’s how the charter industry is today.” Read more: pymnts.com
