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.

Let's think about Lightning - Smarter Every Day 15

Brian F. O'Byrne: Playing John Billington | Saints & Strangers

View All

Absolute entropy and entropy change | Applications of thermodynamics | AP Chemistry | Khan Academy

Entropy can be measured on an absolute scale, which means there is a point of zero entropy. That point is reached for a pure crystalline substance when the temperature is equal to zero Kelvin or absolute zero. At zero Kelvin, the entropy of the pure cryst…

Mixed number addition with regrouping

Let’s see if we can add five and two-fifths to three and four-fifths. Pause this video and see if you can figure out what this is. All right, now let’s do this together. We’ve had a little bit of practice adding mixed numbers in the past, and so one way …

PSA: Why it’s a BAD IDEA to pay down your mortgage early!

It’s because of these reasons that’s exactly why I will never pay down my mortgage early. If I have a 30-year loan, I will be making the bare minimum payments and just investing the difference versus ever putting an extra dime towards paying down that loa…

See the Ancient Whale Skull Recovered From a Virginia Swamp | National Geographic

When I first went to the site in the bottom of the river, you see these whale bones and shark teeth just poking out. The river’s raging; it’s like holding on to a car going 65 miles an hour down the highway. Everything east of the Route 95 on the east sid…

How to Angel Invest, Part 1

Hey, this is Nivi. You’re listening to the Navall podcast. We haven’t published an episode here in a while, and that’s because we’ve been publishing on another podcast called Spearhead. What we’re discussing on Spearhead is how to be a good angel investor…

How To Get Rich According To Tim Ferriss

There are a million ways to make a million dollars, and this is how Tim Ferriss did it. Tim Ferriss is someone we routinely follow because he’s always doing something interesting or has something smart to say. Ferriss is a successful author, entrepreneur,…

Why more people started flying in private jets

More Articles