The bank's decision was a blow to the Rabobank cycling team, according to its general manager, Harold Knebel.

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"I spend as much time at the airports at either end as I would normally in the flight itself, " Knebel said.

CNN: Corporate air charters take wing

"This industry can only survive with big international firms, and the way the sponsors now are responding to this situation is certainly not good, " Knebel said.

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Bob Knebel, vice president of Bombardier Flexjet, which arranges for individuals or companies to purchase shares in business jets at a fraction of full ownership cost, says the sour economy had a much bigger impact than 9-11 on fractional sales.

CNN: Corporate air charters take wing