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.

What is Acid Rain? | National Geographic

Charlie Munger's Most Iconic Moments

View All

Interactive Innovations | Epcot Becoming Episode 3 | National Geographic

We’re pushing technology within our ride systems, showing that we can create amazing things together. Frozen Ever After was really the first attraction to use all electric motor audio animatronics figures. Traditionally, all of the audio animatronics figu…

Before You Visit Angkor Wat, Here's What You Need to Know | National Geographic

Eager to experience a spectacular sunrise at Cambodia’s ancient Angkor Wat? Here’s everything you need to know to get to this iconic site and make the most of your visit. Angkor Wat is actually just one of over a thousand temples that make up the ancient…

Dr. Anthony Fauci on a Covid-19 vaccine & reopening schools this fall | Homeroom with Sal

Hi everyone, welcome to today’s homeroom. We have a very exciting special conversation with Dr. Fauci coming in a few seconds. But I will make my standard announcement reminding everyone that Khan Academy is a not-for-profit organization. We can only exis…

15 Character Traits You Notice When Hanging Out With Rich, Successful People

If you want to be rich and successful, then you have to learn how to hang around rich and successful people. They should feel like you’re one of them, not like you’re an outsider. When you hang around successful people long enough, you’ll see that they ju…

8 Ways To Enter The Present Moment

Many spiritual and religious traditions talk about the human tendency to spend too much time outside the present moment. According to a Harvard University study, we spend almost fifty percent of the time we are awake, not thinking about what we are doing.…

Avoid These Tempting Startup Ideas

That’s the tar pit talking. It’s like, “Oh, this looks like a nice pool water. No one’s here drinking at it. I’m gonna go get a drink of water from this pool, right? Like no danger quicksand.” This is Michael Seibel with Dalton Caldwell, and today we’re …

Why more people started flying in private jets

More Articles