Steve VarsanoFounder at The Jet Business

Demand for private jets after the pandemic.

Name: Demand for private jets after the pandemic.
Uploaded: 2024-07-23T20:05:18+00:00
Duration: 32 s
Channel: Steve Varsano
Description: Private jet demand surged during COVID as commercial flights shut down. About 20-30% of people who tried private jets during the pandemic stuck with…

23 Jul 2024 · 1 min

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Private jet demand surged during COVID as commercial flights shut down. About 20-30% of people who tried private jets during the pandemic stuck with them. The spike drove aircraft sales and expanded the overall supply of jets.

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The demand for private jets have really changed a lot in the last 50 years since corporate aviation began. But since the pandemic, a lot more people got into flying on a corporate jet. The necessity occurred because of the lack of commercial airplane service during the pandemic, and more people needed to get around to different places and commercial airplanes weren't available. A lot more demand came, so it really brought in some more supply because there were more airplanes being sold. And today probably about 20-30% of those new people stayed in the industry because they saw all the benefits of flying.