How old is a private jet owner?

The average age of a buyer of an airplane, like the CEO of a company or an entrepreneurial lead business, has drastically changed. Not just in the last couple of years, really over the course of the last 20 years.

Twenty to thirty years ago, the average age of a corporate executive that was looking to buy an airplane was probably 55 to 75. I think now you're probably talking about more of the 40 to 65 age range. Not only just in actual age, but they're much younger in their thinking; they're much more open-minded.

I think so many more people have really felt the amount of time you can manufacture from flying around in a corporate jet. At the beginning, it was sort of a curiosity, and during COVID it became a necessity because you couldn't fly commercially.

Also, there was a safety issue, and I think that really brought a lot of people into the world of buying airplanes that never would have contemplated it before. But I think once they got into it, they saw the benefits: they saw the safety, security, confidentiality, and flexibility—all that kind of stuff.

There's no question that the profile of the person is a completely different landscape now.