yego.me
yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

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.

Office Hours with Kevin & Qasar
Life is an Obstacle Course - Choose Your Player

More Articles

View All
The Battle for the Soul of Artificial Intelligence | Podcast | Overheard at National Geographic
[Music] I’m a sci-fi nut and one of my favorite books is The Caves of Steel by Isaac Asimov. It’s all about this hard-boiled grizzly detective who gets assigned a strange new partner, a robot. I’ve always wanted a robot partner, and now through the magic…
Trig limit using double angle identity | Limits and continuity | AP Calculus AB | Khan Academy
All right, let’s see if we can find the limit of one over the square root of two sine of theta over cosine of two theta as theta approaches negative pi over four. Like always, try to give it a shot before we go through it together. Well, one take on it i…
My Tips for Dealing with Uncertainty Like What the U.S. is Facing Today
But what can the individual do? And just to summarize, what can the collective do to stop or slow the decline that clearly, you know, you can measure has occurred? First, be financially strong. Have a good income and balance sheet. Think about how many m…
How Cape Town's Residents Are Surviving the Water Crisis—For Now | National Geographic
Cape Town is facing an unprecedented ecological crisis, never before in the history of the modern world, as a whole city of this kind is threatened to run out of water for its citizens completely. Cape Town residents have been told not to use more than 50…
Building Confidence In Yourself and Your Ideas
They will take something, you know, Anonymous arvar 42 said, as like gospel and base their entire life philosophy around it. Yes, yes, don’t do that. Don’t do that. All right, welcome to Dton Plus, Michael, and today we’re going to talk about how fast is …
Eat the Top 15 Most Mind-Blowing Sushi with Lucas Sin in Tokyo's Best Omakase | Best of the World
Lucas: It’s like a sunset. Of tuna. The producers told me that I was going to be interacting and eating sushi in some way. The rarity, the specialness of the experience was not conveyed and could not have been conveyed. Here we are in Tokyo. Just got off…