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.

Know your product.

Warren Buffett's Annual Letter to Shareholders (2021)

View All

Dihybrid cross and the Law of Independent Assortment | High school biology | Khan Academy

In this video, we’re going to build on our understanding of Mendelian genetics and Punnett squares by starting to think about two different genes. So we’re going back to the pea plant, and we’re going to think about the gene for pea color and the gene for…

Hurricane Katrina Survivor Gives Tours of Its Destruction | National Geographic

Let me tell you a little bit about the City of New Orleans. Right after Katrina, I kept hearing everybody say, “Why should we pay our tax dollars to bring New Orleans back? They below sea level.” I am a tour guide. I do Katrina tours. I never was an emoti…

Erin McCoy and Kevin O'Leary Muskoka boat ride discussing philanthropy

I’m here with my great friend Kevin O’Leary, and we are in the beautiful Muskoka on Lake Joseph. We’re going for a little boat cruise now. Kevin, you and I have a lot in common, and one thing in particular is about educating people on money, especially wo…

How The Rich Live Longer

When your life looks exactly as you dreamed of, you want to live forever. Which is exactly what the ultra-rich are trying to do. Well, forever might be a bit of a stretch, but not entirely excluded, as you’ll see later. So what if money could buy you not …

Grand Canyon Adventure: The 750-Mile Hike That Nearly Killed Us (Part 3) | Nat Geo Live

By now it’s March. Winter’s over, the weather’s starting to warm up. Starting to feel vestiges, signs of heat again, and Pete and I are about to pass through a doorway. We’re about to step across a threshold into a section of the canyon that is rumored by…

Missing Dial Trailer | National Geographic

You don’t know heartbreak until you’re running through the jungle, yelling for your son’s name. “Roben! Oh, that’s my son, chip off the old block!” He emailed us right before he headed into the jungle. “It should be difficult to get lost forever.” What t…

Why more people started flying in private jets

More Articles