Private jets have always been considered a luxury mode of transportation reserved for the elite and wealthy. However, recent trends show that the demand for private jets has surged among corporates and high-net-worth individuals (HNIs) due to the ongoing pandemic and travel restrictions.
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Private jets have always been considered a luxury mode of transportation reserved for the elite and wealthy. However, recent trends show that the demand for these jets has surged among corporates and high-net-worth individuals (HNIs) due to the ongoing pandemic and travel restrictions.
In the wake of the COVID-19 pandemic, people are more cautious about their health and safety, and this has led to a surge in demand for these jets. People want to avoid crowded commercial flights and the risk of exposure to the virus. Private jets provide a safer and more secure mode of travel, as they offer controlled environments with fewer passengers, minimizing the risk of exposure to the virus.
Top corporates and HNIs
Top corporates and HNIs have been quick to realize the benefits of private jets and have been queuing up to book them. Some of the top corporations that have booked private jets include Amazon, Walmart, Google, and Goldman Sachs. These companies have their executives and employees traveling to different parts of the world for business, and they have realized that these jets offer a safer and more efficient way to travel during the pandemic.
HNIs, on the other hand, have always been the primary customers of private jets, and their demand for these services has increased during the pandemic. HNIs often own their private jets, but they also book chartered flights for personal and business travel. According to reports, the demand for private jets among HNIs has increased by 15% in 2020 compared to the previous year.
The surge in demand for private jets has not only led to an increase in bookings but has also led to an increase in prices. The cost of renting a private jet has increased by up to 30% due to the high demand. The prices vary based on the type of jet, distance, and duration of the flight. Private jet companies have also introduced new packages and services to cater to the changing demands of their clients. Some private jet companies offer customized services such as onboard chefs, Wi-Fi, and personalized amenities to provide a more comfortable and luxurious travel experience.
The surge in demand for private jets has also led to an increase in the number of private jet companies. Many private jet companies offer different types of services, such as fractional ownership, jet cards, and on-demand chartering. Fractional ownership allows customers to own a portion of a private jet, while jet cards offer prepaid services for a specific number of hours. On-demand chartering allows customers to book private jets for a specific trip.
Private jet companies have also taken steps to ensure the safety of their passengers during the pandemic. They have implemented strict cleaning and sanitization protocols to ensure that the planes are thoroughly cleaned before each flight. They have also implemented temperature checks and health screenings for passengers and crew members before boarding.
The increase in demand for private jets has also had an impact on the aviation industry as a whole. The aviation industry has been hit hard by the pandemic, with many airlines facing financial losses due to reduced demand for commercial flights. However, the private jet industry has been able to survive the pandemic and has even thrived due to the increased demand.
Private jets have also been used for humanitarian purposes during the pandemic. Many private jet companies have partnered with organizations to provide essential supplies and medical equipment to areas that have been hit hard by the pandemic. Private jets have been used to transport medical professionals and supplies to areas with limited medical facilities.
In conclusion, the surge in demand for private jets among corporates and HNIs during the pandemic is not surprising. Private jets offer a safe and secure mode of travel during these uncertain times, and they provide a more efficient and comfortable way to travel.
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