Light and Medium-size Private Jet Charter on the Rise

 

As nations the world over instituted lockdowns or restrictions in 2020, the commercial airlines industry was particularly hard hit. It experienced its largest tumble since the second world war, falling by 66%.

People still needed to travel, however, both for business and for leisure. Seeking safe ways to do so, more turned to private jet charter. In sharp contrast to the decline suffered by the commercial aviation industry, private aviation continued to grow. Fly Private for the Cost of Commercial

As 2021 progresses, the trends and evolving consumer tastes are favoring continued and greater growth for private aviation. Light and medium-size private jets have been at the center of this rise. Here’s a look at the reasons behind it, along with insights on how it promises to play out.

Resurgence of Business Travel

For an increasing number of businesses, travel is essential. But a decline in availability of commercial flights in 2020 emphasized this point, with executives struggling to book flights to both domestic and international destinations.

While many had already been capitalizing on the ease of private jets, more were brought into the fold. As a recent report by the Wall Street Journal reports, the private charter industry is seeing a rise in demand of up to 29% for business travel alone.

A key reason is the reopening of businesses all over the globe, with some that weren’t previously classified as essential now able to resume operations. Luxury Private Jets

To make up for the downtime and kickstart revenue generation again, top leadership in companies are seeing a need to travel to partners, clients, and various locations where they operate.

As the Wall Street Journal’s report goes on to explain, part of this is also a result of business travel becoming a necessity for more than just those in executive or top leadership positions. Middle managers, similarly, are finding private jet charter a more convenient means of travel.

Particularly for business trips, a McKinsey report suggests, avoiding cumbersome airport checks is something business travelers are increasingly factoring into their travel plans.

Additionally, business travelers find the opportunity to carry out business or prepare for meetings while flying to be particularly appealing. And they’re able to take advantage of the add-on services of private jet charter to further ensure a smooth trip, both before and after they’ve landed.