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.

Her Parents Made the Ultimate Sacrifice for Democracy—She Continues the Fight | Short Film Showcase

Passing atmospheric levels of cool 🧑‍🚀🌏 #womeninstem #space

View All

Ratio word problem examples

What we’re going to do in this video is tackle some word problems involving ratios. So here we’re told that Yoda Soda is the intergalactic party drink that will have all of your friends saying, “Um, good this is.” You are throwing a party and you need fi…

How Much Does a Shadow Weigh?

Hey, Vsauce. Michael here. And I’m sure that we all love to have fun with hand shadows, but how much does a shadow weigh? It might sound like a silly question, because it is. I mean, a shadow cannot be put on a scale and weighed. But the material that it…

Tim Brady - How do you calculate burn rate, runway and growth rate?

[Music] So how do you calculate burn rate, runway, and growth rate? Let me first start by saying that these are three very important metrics that are critical for you to manage your early stage startup. Every investor that you talk to will ask you for the…

15 Concerns Rich People Take Seriously

You know, there are some things that rich people take way more seriously than everyone else. So we put together a list that goes up in importance as we go through it. Here are 15 concerns rich people take seriously, what goes on to social media and when. …

Warren Buffett: The SIMPLE way to generate a 30% return per year

Warren Buffett is universally regarded as the greatest ambassador of all time. In fact, he started his professional investing career at just 25 years old when he formed his investment fund. He put just $100 into that investment fund and has parlayed that …

Polar curve area with calculator

What we’re going to try to do is use our powers of calculus to find this blue area right over here. What this blue area is, is the area in between successive loops of the graph. The polar graph ( r(\theta) = 3\theta \sin(\theta) ) I’m graphing it in polar…

Why more people started flying in private jets

More Articles