Steve Varsano breaks down who actually flies private jets: over 70% are middle-management employees, not wealthy owners. C-suite executives make up 20%, while true personal owners are rare. Corporate travelers blur work and personal life, mixing business with vacations and spouses.
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Over 70% of all the passengers on corporate jets are middle management of companies. Then you have the C-suite, CEOs, the COOs, the CFOs. That's another 20%. There is that part that's a personal, that's mostly in the charter side of the market. People who own aircraft, it's a small, small slice that actually is personal because quite frankly, corporate executives that actually have jets and companies that require the jet, their personal life actually blends in with their business life. Even when they're on holiday, they're meeting with other peers that are also running companies. Their husband or wife wife is also part of that business environment with other CEOs, company owners, with their husbands and wives, and it becomes a constant business environment. It might be more social, but these people drive and thrive off of that, you know, business world.