Why more people started flying in private jets

less than 1m read

·Nov 3, 2024

What do you think COVID did for the private aviation industry? Because I'll be honest, when that whole thing was going on, that was kind of my first introduction to... staring. The charter travel got very crazy. Even though prices were quite crazy at that time, and it felt like every month they were going up, anything just to not deal with the headaches at the airports. Do you think a lot more people got introduced into the private aviation during that time?

There's no question about it. First of all, the ultra high net worth individual, which five years ago was 230,000 of those people, which is somebody worth 30 million or more, now it is 520,000 those people. The most jet card and fractional companies during that COVID period, they had 50 to 75% above any level they've ever had in demand of signing up new jet cards or fractionals.

And 50% of those people never flew on a corporate jet before. So all those people came out of the woodwork, 'cause those people who were those high net worth people or the corporations who really were a little bit tighter with their money, they started seeing, "I need that airplane," whether it's health reasons, flexibility. They're not going to those airports, timing.

Startup Hiring Advice from Lever CEO Sarah Nahm with Holly Liu

Spider vs Penis (Priapism) - Smarter Every Day 98

View All

The Secret Culture of Orcas | Podcast | Overheard at National Geographic

We’re up there just about the time that the polar night occurs, so that means it’s going to be dark essentially 24 hours a day. The sun never gets above the mountain peaks, so the light levels are extremely low. You’re in a boat in these little coves or, …

You Can Always Leave

Imagine you have a friend called George… This story was misleading. George isn’t being threatened! He’s just being asked to pay his fair share like the rest of us. If he doesn’t like the arrangement, he can always leave. Let’s start with the question of …

LearnStorm Growth Mindset: Audio engineer on her career journey

My name is Kelly Kramerick. I’m 25 years old, and I’m a freelance audio engineer. Some people just stay in one trade, one part of audio. I like to do a little bit of everything. So, I work in a studio as a recording and mixing engineer. I work in live sou…

Simplifying quotient of powers (rational exponents) | Algebra I | High School Math | Khan Academy

So we have an interesting equation here, and let’s see if we can solve for K. We’re going to assume that m is greater than zero, like always. Pause the video, try it out on your own, and then I will do it with you. All right, let’s work on this a little …

Natural selection in peppered moths | Middle school biology | Khan Academy

You might be familiar with the idea of evolution, that species change over time, and you can see that if you look at old bones, old fossils, how they change through the fossil record. But the obvious question is, how do these species actually do that? Wha…

Suspicious driver prompts officer to search a car for narcotics | To Catch a Smuggler

OFFICER: There’s tampering here. Refer to secondary. IGLESIAS: This vehicle came from primary and right now we’re gonna do an inspection on the vehicle. The passenger is coming from Reynosa where he lives. He’s going to work. The subject right now is cla…

Why more people started flying in private jets

More Articles