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Timely tip: Charter Jet Industry Faces Rising Costs, Shortages of Aircraft, Parts, and Labor Share Article Individuals counting on flying by private jet charter may find it increasingly difficult in 2022 – and at least 25% more costly – to obtain an aircraft, particularly on short notice, as a result of several challenges faced by the charter jet industry. Demand fueled by the pandemic is up more than 20%, operating costs are escalating, and now the charter industry is experiencing labor and parts shortages at maintenance facilities, impacting the availability of aircraft, according to Daniel Jennings, CEO of private jet

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Published: Feb. 2, 2022 at 11:00 a.m. ET   The MarketWatch News Department was not involved in the creation of this content. NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire via COMTEX/ — NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire-PRWeb/ — Anyone considering buying a pre-owned private jet in 2022 – the last year that a 100% writeoff is possible — should take their time and wait for the currently overheated market to cool and prices to drop, advises Daniel Jennings, CEO of private jet broker The Private Jet Company (TPJC). The Private Jet Company (TPJC) handles private jet sales, jet acquisition, and

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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 incentives favoring outright aircraft ownership, according to Daniel Jennings, CEO of private jet broker The Private Jet Company (TPJC).  And these first-time buyers are making at least five avoidable mistakes along the way, says Jennings.           “Compared to the past several years, we’ve been seeing more than double the

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The Private Jet Company (TPJC) – Pre-election anxiety about the possible end of Trump-era bonus depreciation and tax incentives that favor private jet ownership, tight supply and the continuing Covid-19 pandemic are pushing Q4 demand for private jets to an all-time high. “There is high anxiety that the Trump administration’s bonus depreciation and tax incentives which have benefitted private jet buyers will disappear. That means there may be limited time to take advantage of these favorable financial conditions.” NORTH PALM BEACH, Fla. (PRWEB) October 28, 2020 Pre-Election Indecision, Continuing Covid-19 Concerns, and Tight Supply of Pre-Owned Aircraft Drive Up Demand

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