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.

A.I. Policy and Public Perception - Miles Brundage and Tim Hwang

Worked example: Approximation with local linearity | AP Calculus AB | Khan Academy

View All

Measure lengths to nearest 1/4

[Instructor] We are asked, what is the height of the sunflower? So pause this video and think about it. All right, so let’s see. The bottom of the sunflower is right aligned with the bottom of the ruler, so the ruler’s in the right place. And let’s see,…

15 Things The Rich Don’t Have to Do

Rich people don’t worry about where their next meal is going to come from or if they’ll be able to make rent on Friday, but these are caused by a direct lack of money. Rich people use their money to build infrastructure around themselves so they don’t hav…

When The Housing Crash Will Happen

What’s up you guys? It’s Graham here, and if you thought the housing market was expensive, it got worse. Despite higher interest rates, record low affordability, and a 60% chance of recession, the housing market is now $2 trillion more expensive. That’s r…

Democratic ideals in the Declaration of Independence

The goal of this video is to appreciate how ideas of natural rights, social contract, limited government, and popular sovereignty are embedded in America’s founding documents. But before we start looking at the documents themselves, let’s just make sure w…

BONUS VIDEO | Origin of the Mutant Plural | Grammar | Khan Academy

Hello grammarians! I wanted to talk to you again about mutant plurals. So, to review, a mutant plural is… there are only seven of them in English, and they all change sound when they pluralize. You don’t add an “s,” you don’t add an “en,” you don’t change…

Generating Power on Mars | MARS: How to Get to Mars

So, power on Mars is going to be very important, and it will have to have the ability to run the microwave oven, along with the oxygenator and everything else that we’re going to need to survive. You need power; every civilization needs power. It’s what w…

Why more people started flying in private jets

More Articles