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.

Unchaining Captive Elephants in Nepal | National Geographic

Virtually Viral | Explorers in the Field

View All

Devil's Club Harvest | Port Protection

On smokes, we’re cutting through here. Timby Porter is scouring the woods looking for devil’s club, a plant with pain-killing properties. I hear noises over there, but a sound in the bush ahead has brought her hunt to an anxious halt. “Smokey, you hear b…

Reshma Shetty, Founder of Ginkgo Bioworks at the Female Founders Conference

Thank you all for being here today. It’s a real honor to be around such an amazing group of women. I’d like to thank Sharon and Kat for inviting me to come talk to you all. It’s a real honor. As Jessica said, I’m a co-founder of a company called Topeka Bi…

Connecting f, f', and f'' graphically (another example) | AP Calculus AB | Khan Academy

We have the graph of three functions here, and we’re told that one of them is the function ( f ), one is its first derivative, and then one of them is the second derivative. We just don’t know which one is which. So, like always, pause this video and see …

Something Strange Happens When You Keep Squaring

Take the number 5 and square it, you get 25. Now take 25 and square it, you get 625. Square 625, and you get 390,625. Do you see the pattern? 5 squared ends in a 5, 25 squared ends in 25, and 625 squared ends in 625. So does this pattern continue? Well,…

Identifying a sample and population | Study design | AP Statistics | Khan Academy

Administrators at Riverview High School surveyed a random sample of 100 of their seniors to see how they felt about the lunch offerings at the school’s cafeteria. So, you have all of the seniors; I’m assuming there’s more than a hundred of them. Then the…

There Is Something Hiding Inside Earth

We’ve found a new planet, home to octillions of the most extreme beings living in the most absurd and deadly hellscape. In absolute darkness, crushed by the weight of mountains, starved of oxygen, cooked alive, bathed in acid, salt or radiation. And yet, …

Why more people started flying in private jets

More Articles