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 benefits favoring private jet ownership, the number of businesses and wealthy individuals looking to buy a private jet for the first time doubled, compared to recent years, according to private jet broker The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet
Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service As business executives curtail their travel, jet service providers are shifting to meet the demand from people concerned about getting on a commercial flight. By Paul Sullivan – New York Times – May 30, 2020 Commercial air travel has plummeted in the pandemic, but interest in private jet service is surging, particularly among people who have not paid to fly privately before. For years, jet service providers have ferried corporate executives and wealthy leisure travelers who paid high fees for the privacy and security. Now, those same companies are shifting to
Concerns about health and the vastly reduced flights of commercial carriers during the pandemic are driving a surge of interest in private aviation among businesses and wealthy individuals, despite the economic uncertainty of these pandemic times. While some are flocking to jet charters or “fractional” ownership arrangements to avoid the health risks of traveling with strangers and to gain the flexibility of flying where and when they need, companies such as The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet buyers and sellers, are also seeing an uptick in the demand for pre-owned jets, a
Marketplace trends continue to indicate that private aircraft owners and operators are reacting favorably to changes in the new tax laws that encourage purchases. “We are already seeing a dramatic effect on the pre-owned aircraft market resulting from this change,” said Daniel Jennings, President of The Private Jet Company, a leading private aircraft broker. The new tax law permits 100% depreciation (up from 50%) in the first year of operation of the cost of new and used aircraft purchased between September 27, 2017 and January 1, 2023, subject to certain conditions. The new tax law also makes other changes impacting
Daniel Jennings, president of The Private Jet Company in Palm Beach, Florida, an area where Trump often hangs out, said demand for selected aircraft 2017. “We’re very busy with calls from prospective private jet buyers, particularly in the US market. If this trend continues, I believe we’ll see the market approach a balance between supply and demand for “There’s still a sense out there that the market is in a slump,” Jennings admitted, “but I believe we’re seeing the best indication yet that the slump may soon be over. With fewer aircraft available, we’re also seeing the ones with the
Feb 1, 2017 – The Private Jet Company Announced today: Since the U.S. presidential election sent ripples throughout the political landscape, we notice marketplace trends to indicate that private aircraft owners, operators, and users will have reason to cheer as Donald Trump took office last month. “There are enough positive signs of President Trump’s appreciation and enthusiasm for the Private Aviation industry that we expect to see as much as a 10% increase in demand for private aviation over the first 100 days of his administration,” said Daniel Jennings, President of The Private Jet Company a dedicated private jet brokerage
Following years of gradual growth in sales of new business jets, a recent industry forecast predicts a slight decrease in sales of new private jets over the next 10 years. While this isn’t the best news for aircraft manufacturers, fewer new private aircraft deliveries could reverse years of decreasing prices for pre-owned business aircraft, making now the ideal time to buy a preowned private jet. According to the 25th annual Global Business Aviation Outlook released by Honeywell Aerospace earlier this month, ongoing political and economic concerns worldwide will drive deliveries of new private aircraft down through 2026. “We continue to
With all of the private jet transportation companies operating today and the array of services they offer—taxi and air charter, leasing, fractional ownership, jet cards—you might think new market opportunities are scarce. That may be true in the U.S. but not so much for the rest of the world. “There are some 700 aircraft of all types chasing the charter market in the U.S. but just 125 to 150 serving international clients,” according to Daniel Jennings, president of The Private Jet Company, a Palm Beach, Fla.-based firm that specializes in the purchase and sale of mid-size and large business jets.
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 aviation in China continuing its upward trajectory, life is getting somewhat more straightforward for this class of aircraft operators according to those most closely involved in trying to help them, namely flight planning and support companies. Though flights into and within the vast country still remain somewhat
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...
