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.

Collecting Ice for Cocktails | Restaurants at the End of the World | National Geographic

HANDLING NARCISSISTIC PERSONALITIES: 10 EFFECTIVE STRATEGIES | STOICISM INSIGHTS

View All

How Does A Carburetor Work? | Transparent Carburetor at 28,546 fps Slow Mo - Smarter Every Day 259

This is a carburetor, and this is a special 3D printed see-through carburetor. And this is a high-speed camera with a macro lens on it. You see where this is going. If you’ve ever cranked some type of lawn care product with a small engine on it, you have …

Electromagnetism | Forces at a distance | Middle school physics | Khan Academy

You know what a magnet is, but did you know that some magnets can be turned on and off? One type of temporary magnet is called an electromagnet. So what is electromagnetism? Well, the hint is in the name itself: Electro for electrical and magnet for, well…

Where does NASA keep the Moon Rocks? - Smarter Every Day 220

[Destin] What is this? Apollo 11, the first mission. [Destin] This is Apollo 11? [Andrea] The first mission, these are the samples, all the samples that were brought back from the Apollo 11 mission. [Destin] Is it still awesome for you? It’s awesome,…

Great Schism part 1

In previous videos, we talked about the dramatic turnaround in the 4th century in terms of how Christianity was treated in the Roman Empire. As you enter into the 4th century, it’s persecuted by Diocletian, but then Constantine takes power. He’s sympathet…

How to study efficiently using Notion [Active Recall]

Hi guys, it’s me Dodie! Today, I’m going to be showing you guys how I take study notes using one of my favorite apps, Notion. I’m so, so glad that this video is sponsored by Notion because I’ve been using Notion for a couple of months. If you go to my old…

Startup Experts Discuss Doing Things That Don't Scale

There’s nothing like that founder FaceTime in the early days, right? And that’s a great example of something that doesn’t scale, but that’s so important in recruiting customers, recruiting employees, anything you can do to optimize for these learnings is …

Why more people started flying in private jets

More Articles