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.

MY CRYPTO WAS STOLEN | Why Celsius REALLY Collapsed

Investigating the Mysterious Whale Sharks of Mafia Island | National Geographic

View All

Simone Giertz on Her Robots and Returning to Work After Brain Surgery

All right, Simone, yecch! Welcome to the podcast. Hey, thanks for having me! How you doing? I’m great! I’m really excited to, like, be invited to Y Combinator. I’ve followed you for a very long time, and I’m like, this is where it happens. Yeah, I wou…

Excavating a Burial Painting | Lost Treasures of Egypt

It’s a breathtaking moment for me in the sands of the necropolis. Bassem has made an incredible discovery. So what we are looking here is one fragment of a mummy portrait that is painted with the wax, the encaustic technique. Greek artists from Alexandri…

Office Hours at Startup School NY 2014

So next up, all right, Gary Tan and I are going to do onstage office hours. This is most of what happens during Y.C. The partners meet individually with startups, and we give them advice about whatever problems they’re facing. It’s usually 25 minutes per …

360° Climbing Giants | National Geographic

[Music] [Music] My name is Wendy Baxter, and I have probably one of the coolest jobs on the planet. [Music] I get to climb in and study giant sequoia trees. My name is Anthony Ambrose, and I am a canopy biologist. I’ve loved trees and climbing trees my en…

Preparing for the Hunt | Live Free or Die

[Music] It’s the final week of deer hunting season and Frontiersman Colbert’s last chance to get big game before winter. It’s important to clean your weapon. I don’t have any gun oil with me, but I’ve got pig fat, and pig fat’s going to work just fine. …

Trick involving Maclaurin expansion of cosx

The first three nonzero terms of the McLaurin series for the function ( f(x) = x \cos(x) ). So one thing that you’re immediately going to find, let’s just remind ourselves what a McLaurin series looks like. Our ( f(x) ) can be approximated by the polynom…

Why more people started flying in private jets

More Articles