Basta Holdings Corp. announced that it has entered into an agreement with Monarch Air Group to launch commercial operations of one-way private jet charters. Basta Holdings expects operations to commence by August 14, 2014 and has already leased the first aircraft to be used in this program, which will be delivered by May 5, 2014.

The company intends to lease an entire fleet of light jets and expects additional aircraft deliveries to follow leading up to the charter service launch.