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.

Going to the Moon… and Discovering Earth | StarTalk

15 Things Mentally Strong Men Don’t Do

View All

The Difference Between Trump and Harris Policy

So the difference is in Harris’s platform. She says, “Look, I’m going to pick winners, but to pay for that, I’m going to tax everybody at 28%.” Now, I can’t find a time in history when corporate tax rates in America were increased that much in one signatu…

Calming an Overly Excitable Dog | Cesar Millan: Better Human Better Dog

[suspenseful music] [knock at door] Hi, Cesar! Hi, guys. How are you? Good morning! I have a surprise for your final challenge. NARRATOR: For the past month, Cesar has worked closely with the Calderones, a family of first responders, with a red-zone pit …

The Secret of Compressed Air | Science of Stupid: Ridiculous Fails

Air is a remarkable substance. Not only does it allow us to breathe, which I think we can all agree is a good thing, but if you compress it and contain it, you can have loads of fun. Like defying the laws of physics. Or for wacky furniture. Whack! See? T…

Common chain rule misunderstandings | Derivative rules | AP Calculus AB | Khan Academy

We’re going to do in this video is focus on key misunderstandings that folks often have, and we actually got these misunderstandings from the folks who write the AP exams from the actual College Board. So, let’s say that we are trying to take the derivat…

Eric Migicovsky - How to Talk to Users

Hi everyone, my name is Eric Richard Kazuki. I’m a partner here at YC. I actually started a company that went through Y Combinator back in 2011. I started a company called Pebble; we made one of the first smartwatches. I am really excited to be here to t…

Reasons Not to Have Sex

In most modern-day societies, the idea of not having sex may sound preposterous. After all, isn’t physical intimacy one of the key ingredients of a healthy and fulfilling life? Well, if that’s the case, then we stumble upon a problem: as the visibility of…

Why more people started flying in private jets

More Articles