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Private jet sales have taken off since beginning of pandemic
While Boeing and Airbus have struggled to shift new planes and airlines have filed bankruptcy, sales of private jets are up.
Sales of preowned private jets were up nearly 10% in 2020. The US accounts for about 70% of all private jet business and sales also rose in Europe.
More than 2,000 private jets were purchased, according to broker Colibri Aircraft. The company’s managing director says the benefits of flying privately have become much more pronounced in the pandemic, especially for business travelers. "It has welcomed many new people who have never flown privately before," Stone said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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