yego.me
yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

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.

Charlie Munger: The Investment Opportunity of a GENERATION (Last Ever Interview)
Inside NELK’s $250,000,000 Empire (The Full Story)

More Articles

View All
Mr. Wonderful Interviews Kamala Harris?
I want to interview her because we’ve moved away from the things that matter towards maintaining the American dream. Which is the only job the president has. The real job of the president of the United States is to maintain our number one export, which …
Would you fly in a private jet without a pilot?
Hey Steve, would you ever fly on a plane without a pilot? Well, I would when the technology gets good enough. I don’t know if anybody else would. I think that, you know, people like to have that comfort factor of having somebody in the cockpit, even if th…
When Life is Meaningless (And Why We Feel Worthless)
You know, man doesn’t stand forever, his nullification. Once, there will be a reaction, and I see it setting in, you know, when I think of my patients, they all seek their own existence and to assure their existence against that complete atomization into …
Teach Yourself a Language in 15 Minutes a Day: Step-by-Step Demonstration
Hello everybody. This video is a direct follow-up to the previous one in which I mentioned that it was possible to learn a language by studying 15 minutes a day every day systematically in about the course of a year. So, uh, one person put in the comments…
Why Do We Love Sports?
Imagine you’ve been living in the trenches for weeks, maybe months. Corpses of your allies, friends, brothers surround you. The smell of their rot, revolting; the pain of your loss, excruciating. Rain water has made the ground where you stand thick with m…
What is Random?
Hey, Vsauce. Michael here and Derek. Generate(!) 78? That’s so random. Or is it? What does it mean to be random? Can anything really be random? What’s the most random thing ever? Today let’s stop being random and become ‘ransmart’. If something is unpred…