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private plane with limo The global demand for luxury private jets is booming as elites ignore irregular commercial travel options and fly their own way as coronavirus restrictions linger around the world.
In the U.S. alone, business jet take-offs and landings are up 40 percent year-on-year on the back of unprecedented demand from the super rich.
They’re at their highest point since before the 2008 financial crisis, partly driven by the pandemic as big companies expanded private jet privileges for their top executives, MSNBC reports .
The story is the same around the world.
More than 4.2m private jet flights have taken place this year, according to aviation data provider WingX, with the Financial Times outlining a record number in each of the past six months. In the first week of November they were up 54 per cent on the same period last year, and up 16 per cent on 2019.
Demand is so high that Flexjet has stopped taking on new customers for its entry-level Jet Card programme. So has NetJets, which has reported the highest demand for flying in its near 60-year history and is investing about $2.5bn in 100 new aircraft, according to the FT .
The push is coming from the rich, the famous, from Wall Street to Hollywood and beyond. Being a rich eco-hypocrite Hollywood elite like Chris Hemsworth means riding on private jets while lecturing all us peasants about global warming. https://t.co/KPm7WZLYRR — Breitbart News (@BreitbartNews) February 21, 2021 The extraordinary demand is apparently hostage to the erratic return of regular commercial flights — slimmed timetables and constantly changing flight times annoying those who demand to fly when they want and money.
Lots and lots of money helps, too.
The world’s 500 richest people added $1.2 trillion to their fortunes this year through October, according to the Bloomberg Billionaires Index , powered by booming stock markets and central banks flooding economies with new money.Such forces have also spawned dozens of new billionaires in just 12 months.Their combined buying power is minted from initial public offerings, SPAC deals, cryptocurrencies and company mergers as well as massive government contracts seeking supplies of coronavirus […]
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