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.

Analyzing functions for discontinuities (continuous example) | AP Calculus AB | Khan Academy

Steve Jobs: How a Dreamer Changed the World

View All

Worked example: Determining the effect of temperature on thermodynamic favorability | Khan Academy

Let’s do a worked example where we calculate the standard change in free energy, ΔG⁰, for a chemical reaction. For our reaction, let’s look at the synthesis of ammonia gas from nitrogen gas and hydrogen gas at 25 degrees Celsius. ΔH⁰ for this reaction is…

My Life Advice for Teenagers

At this part in your life, you physically and mentally change so that you become an independent adult. At least you want to become an independent adult. And so, you have to recognize that, where in the past maybe your relationship with your parents and re…

Watchers of the Land | Short Film Showcase | National Geographic

[Music] And you can’t ever lose your history or your stories; otherwise, you’ll lose who you are. It’s the Den way to pass on your teachings to younger [Music] people. A lot has changed since the 50s, and now that we do have a say, you know, we’re going t…

Why Blue Whales Don't Get Cancer - Peto's Paradox

Cancer is a creepy and mysterious thing. In the process of trying to understand it, to get better at killing it, we discovered a biological paradox that remains unsolved to this day: Large animals seem to be immune to cancer, which doesn’t make any sense.…

China Is About To Cause A Global Recession

Two of the world’s biggest economies, the United States and China, are struggling. Business activity in Shanghai was brought to a standstill for weeks. Disastrous. I think there is no other word for it. What’s up guys? It’s Graham here. Throughout the la…

Identifying tax incidence in a graph | APⓇ Microeconomics | Khan Academy

We are asked which of the following correctly identifies the areas of consumer surplus, producer surplus, tax revenue, and deadweight loss in this market after the tax. So, pause this video, have a go at it. Even if you struggle with it, it’ll make your b…

Why more people started flying in private jets

More Articles