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How covid impacted private aviation! Parts-1

less than 1m read
·Nov 3, 2024

What do you think Covet 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 starting the charter travel. It got very crazy, and even though prices were quite crazy at that time, I 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, it was 230,000 of those people, which is somebody worth 30 million or more. Now, it is 520,000 of those people.

The most jet card and fractional companies, during that COVID period, they had 50 to 75 percent above any level they've ever had in demand of signing up new jet cards or fractionals. And 50 percent of those people never flew on a corporate jet before. So, all those people came out of the woodwork because those people who were those high net worth individuals or the corporations who really were a little bit tighter with their money.

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