Private Jet Sales Numbers Are Booming Source Bing.com
The private jet industry has seen tremendous growth over the last few years. According to the National Business Aviation Association (NBAA), there were nearly 13,000 private jets in use in the United States in 2018, an increase of nearly 20 percent over the previous year. This is a record high, and it looks like private jet sales are continuing to grow, even in the face of an uncertain global economy.
Private jet sales have been fueled by a number of factors, including the rise of the ultra-wealthy, who are increasingly buying private jets for their own use. Additionally, more and more companies are turning to private jets for their business travel needs, as they can offer more convenience and flexibility than traditional commercial flights. Private jets also appeal to celebrities and other high-profile individuals who may wish to maintain their privacy.
The growth of private jet sales has been mirrored by an increase in the number of private jet charters. In 2018, there were 8,600 private jet charters, up from 7,600 the previous year. These charters provide an alternative to owning a private jet, allowing people to book flights on an as-needed basis. Charters also provide a more cost-effective way to travel, as they can be booked on shorter notice, allowing travellers to take advantage of last-minute discounts.
Private jet sales have also been boosted by the development of fractional ownership programs. These programs allow people to purchase a partial ownership in a private jet, giving them access to the aircraft when they need it. This has made private jet ownership more accessible, as it requires a smaller initial investment. And for those who are looking for an even more flexible option, there are now private jet cards, which allow people to buy pre-paid blocks of time on a private jet.
The private jet industry is booming, and it shows no signs of slowing down. For those looking for the ultimate in luxury, convenience, and flexibility, private jets are a great option. Whether it’s for business or pleasure, private jets provide the ultimate in luxury travel.
Private Jet Sales By Country
Private jet sales are not limited to the United States. Countries around the world have seen an increase in the number of private jet owners. In Europe, there are now over 4,000 private jets in use, with the UK, France, and Germany leading the way. In Asia, China has seen the biggest growth in private jet ownership, with over 600 jets now in use.
Australia is also seeing growth in the private jet market, with more than 300 jets now in use. This is expected to continue to rise, as Australia’s economy continues to grow. In South America, Brazil has the most private jets, with more than 200 in use.
Overall, private jet sales are on the rise around the world. With more people becoming wealthy, and more companies looking for ways to save time and money on business travel, the private jet industry looks set to continue to grow.
Factors Driving Private Jet Sales
The factors driving the growth in private jet sales are varied. As mentioned above, the rise of the ultra-wealthy is one of the main drivers. These individuals often have the money to buy their own private jets, and they are doing so in increasing numbers.
Companies are also turning to private jets for their business travel needs. Private jets can offer more flexibility than commercial flights, as they can be booked at shorter notice and with shorter flight times. This makes them ideal for business travellers who need to be in multiple locations in a single day.
The development of fractional ownership programs has also helped to boost private jet sales. These programs make it easier for people to own a private jet, as they require a smaller initial investment than buying a full aircraft. And for those who don’t need the full use of a private jet, there are now private jet cards, which allow people to buy blocks of time on a private jet.
Finally, advances in technology have made private jets much more efficient and cost-effective. Many private jets now come equipped with satellite phones, Wi-Fi, and other modern amenities, making them more attractive to those who want the convenience and luxury of flying in their own aircraft.
Conclusion
Private jet sales are on the rise around the world. The factors driving this growth are varied, but they include the rise of the ultra-wealthy, companies looking for more flexible business travel options, fractional ownership programs, and advances in technology that have made private jets more efficient and cost-effective. The private jet industry looks set to continue to grow in the coming years.
