Can Private Jets Land Anywhere?
Private jets are a synonym for opulence, as a charter flight from New York City to Utah, for example, can cost a year’s salary from an average citizen in the United States. Yet, there is a class of people willing to spend tens or hundreds of thousands of dollars on private flights. The rich will have their own private airplanes or they will hire one. And when they are on the ground, they travel in style too. Read on to find out more about the private jet lifestyle.
Why Fly Private?
Knowing that the cost of private aviation greatly exceeds that of business class airplane tickets, you may ask yourself why people use private jets. A chartered flight from London to Dubai costs incredible 55,000 dollars, which is more than 10 times the business fare. While some people are more “obvious” users of private aviation, like world leaders who fly private for security reasons, they are not the only ones. Let’s have a look at some of the reasons why people fly private and what we could learn from this.
Is Private Aviation Cost-Effective?
When would it be worthwhile to fly private? Big companies understand that there are a number of scenarios in which private flights are worth it. First of all, it is about saving time at the airport, considering the hourly wage of a CEO or high executive. One hour of the time of a CEO at a big company can be worth thousands of dollars. If they fly commercial, they are likely to spend at least two hours at the airport waiting to board their flight. This cost keeps adding up if we think of restricted commercial flight options in certain destinations, leading executives to spend more time on their business trips.
For this reason, Walmart is the company that owns the larger amount of jets in the United States, with 20 airplanes in its fleet. Using private aviation, they optimize the schedule of VPs and other executives in their frequent store visits. In order to get to the airport to board their private jet, executives rely on chauffeured ground transportation.
More Pros Of Private Aviation
Another reason why companies decide to fly private is globalization. Companies have been increasingly outsourcing manufacturing and materials to distant developing countries. As these places often have limited commercial flight options, private aviation becomes the best alternative.
A third reason why companies use jets is so that their executives can quickly fly back to work in case there is an emergency. This is one of the explanations for the 10% increase in the use of jets for leisure by executives. They will fly to their vacation destination in a private jet and be on-call to head back if their presence is needed.
Private Jets Shortage?
After the impact of the covid-19 pandemic, more people switched to private aviation for sanitary reasons. Since then, the industry has been incredibly heated and it is having a hard time supplying all the extra demand. It is actually such a unique moment that sometimes the rich are struggling to find new private jets on sale.
Jets have been disappearing from the market since the pandemic has converted many travelers to private flying – many for the first time. There has also been a wealth boom, especially among the already rich. This happened as many companies went public and their stocks started to go up. IPO activity hit record highs in 2021.
There has been an increase of 40% in private jet takeoffs and landings in the US per year. This takes place as more companies expanded private jet privilege to more top executives
This increase in demand, together with all the supply chain problems generated by the pandemic caused people to turn to used jets. And, even so, jet inventories are the lowest in years.
New buyers represent 30% of purchases of private jets. People are looking at ways to become more productive and more assertive in the tasks that they need to perform.
Another option, instead of buying your own get, is looking at chartered private aviation. In chartering, you pay by flight hour. This does not mean it is accessible to anyone, as many charter companies require that you fly a minimum of 100 hours per year.
Private Aviation in The World
There were 21,979 active private aviation jets in 2019 worldwide. Due to the high demand for private jet travel, this number is expected to rise steadily despite pandemic restrictions. In fact, industry forecasts for the next ten years predict between 6,362 and 7,300 new jet deliveries, valued between $204.4 billion and $236 billion.
In 2019, the United States housed the largest business aviation fleet in the world, with 21,888 registered aircraft. This is more than every other country’s fleet combined! Brazil comes second at 1,566, and Mexico has the third biggest at 1,439.
The United States fleet made up 58% of the world’s business aviation. Brazil had the second-largest fleet, which contributed 4% of the worldwide total. Mexico was the third biggest, accounting for 3.8%.
And, in case you have been wondering since the beginning of this article, yes, you can land anywhere including both large commercial airports and smaller private ones. This is one of the benefits of flying private. As a general rule, private travelers often prefer smaller private airports for the time and cost-saving benefits that come along with them.
Getting To Your Airport
Before you head to the airport for your chartered flight, make sure to have transportation arrangements ready. Ensure your seamless travel experience by booking chauffeured transportation now with Vegas VIP Limousine. Our team is online 24 hours and ready to provide you with the best service in the market.
You may book luxury ground transportation for your destination as well. When you arrive at the arranged location at the scheduled time, your chauffeur will already be waiting for you. They will have a tablet with your name so you can easily identify them. In chauffeured, your chauffeur is also responsible for the safety of your belongings.