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.

How To Make Graphene

Worked example: Calculating the equilibrium total pressure after a change in volume | Khan Academy

View All

Identifying and verifying a solution to a system | Grade 8 (TX TEKS) | Khan Academy

We’re told the system of linear equations below is graphed on the coordinate grid. So we can see the graph of ( y = -2X - 2 ) in blue here, and then ( Y = -\frac{1}{4}x + 5 ) in brown here. What I want you to first do before I do it with you is see if yo…

US Government and Civics Introduction

Hi, everyone, Sal Khan here. And I just wanted to invite you, or tell you a little bit about our course on US Government and Civics. The first question you might be wondering is why do I need to learn about government and civics? And what I would tell yo…

The Horror of the Slaver Ant

Everything changed when the slaver Nation attacked. What used to be a thriving colony is now a captured country. Slaves do the work, serving their new Masters until they die, only to be replaced by new victims harvested in brutal raids. But let’s go back …

Marbury v. Madison | US government and civics | Khan Academy

Hi, this is Kim from Khan Academy, and today we’re learning more about what I like to call the case of the midnight judges: Marbury versus Madison. This case was decided in 1803, and it established the principle of judicial review that the Supreme Court h…

Howard Marks on Investing in a Low Interest Rate Environment

How are return high returns achieved? High risk-adjusted returns, how do you get high returns with low risk? The answer, in my experience, is investors make money most safely and most easily when they do things that other people are unwilling to do. What…

Cell specialization | Genes, cells, and organisms | High school biology | Khan Academy

Ah, the basic building blocks of all living things: cells. These incredible packages of organelles and subcellular components carry out a variety of functions in the body, like taking in nutrients, converting them into energy, and working with other cells…

Why more people started flying in private jets

More Articles