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.

Avoid These Tempting Startup Ideas

Q&A With Grey: Favorites Edition

View All

Lawless Longliners | Lawless Oceans

KARSTEN VON HOESSLIN: At this stage, I’d love to board a working Taiwanese longliner to see what they make of the murder videos. But they rarely come into Port Victoria, and they’re not exactly keen to talk. Instead, I’ve been invited onto a local longlin…

Rockets 101 | National Geographic

[Narrator] The ground begins to tremble. [Announcer] Three. [Narrator] Massive engines roar to life. [Announcer] Two. [Narrator] Billowing clouds of exhaust. [Announcer] One. [Narrator] And then a blinding pillar of fire. [Announcer] Liftoff…

Why Coca Cola Still Spends Billions On Ads

For over a century, Coca-Cola has been selling the most successful product in the history of humankind. Since its humble beginnings in 1886, when John Pemberton first brewed a mixture of cocoa leaves and cola nuts, Coca-Cola has undergone a remarkable tra…

Investigating Rock Carvings | Atlantis Rising

Author George’s Diaz Montek Sano has been researching this area for years, and he’s convinced that some Atlantan refugees fled inland and built shrines to memorialize the lost city. Deciphering the shrine would help Giorgos prove his theory. “No sir, a r…

It’s Over: China’s Economy Is Finally Collapsing

China’s economy is in trouble, and fears the country is quote “a ticking Time Bomb.” The debt super cycle that came from the U.S. and Europe after the 2008 financial crisis could be knocking on China’s door. They said that it is over. “What’s up, Graham?…

Food Sustainability Around The World | Gordon Ramsay: Uncharted | National Geographic

Take what you need; respect the land. Treat it, bless it; it will look after you. [Music] Twins Emily and Amanda Gail are accomplished local boat captains. These ladies have an endless knowledge of Florida fishing, and they’re going to lead me to the mo…

Why more people started flying in private jets

More Articles