Commercial Airlines have already started to reduce service on historically low demand routes and passengers in non-hub cities will have fewer and fewer commercial flight options without additional new stopovers.
Major corporate shareholders, senior management and executives, especially those with health concerns, will likely request their Companies for more and more private flights to avoid contracting a COVID-19 Viral infection
Significantly increased Non-Commercial corporate travel demand will exceed the available Private Aircraft fleets as Worldwide Corporate buyers will likely increase the demand for corporate ownership or increased private charters.
The most recent 2019 Credit Suisse Ultra High Net Worth Report estimated there are over 80,000 adults worth over USD 50 million in the United States alone, with more than an equal number in China, Russia and the Arabian Peninsula.
Currently only a little over 2,000 Private Aircraft are On-the Market For Sale Worldwide of any vintage.
The Buyer/Seller Dilemma
Attempting to “Time the Market” is impossible, regardless if it’s the Stock, Bond or Private Aircraft market . No one knows precisely how long the market downturn will be and how fast the recovery occurs. The history of all market downturns shows that they all come to an end sooner or later. When demand begins to exceed the supply for private aircraft, the private aviation market will start turning around and based on our over a decade of experience, prices for private jets will increase at a rapid pace . To illustrate, the 2003-2007 demand growth far exceeded supply when International wealth increased rapidly worldwide resulting in significant annual price increases each year for preowned aircraft. (chart of actual year over year annual transaction volumes shown below).
The Private Jet Company offers private jet sales & acquisition and private aviation consulting services in major markets throughout the world. Founded in 2005 with headquarters in North Palm Beach, FL and regional offices in Paris, France and Mexico City, Mexico, TPJC has completed over $2 billion of private aviation transactions for individual and corporate jet owners. In addition to assisting clients buy and sell private aircraft, the company works with aircraft management companies to reduce the burden of private aircraft maintenance costs and create income through chartering jets. TPJC also partners with aviation attorneys and tax experts to help clients maximize depreciation, reduce tax burdens and assist in import and export Certificates of Airworthiness.
The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its...
China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business...
July 6, 2022· Covid concerns may be easing, interest rates rising, and the stock market falling, but prospective business buyers of private jets are highly motivated to make their purchases this year because the "free ride" of 100% depreciation in the first year of use, afforded by the 2017 Tax Act, will end December 31, 2022...
Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that...
Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax...
Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said...
North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax...
