Private Jets Ready for Takeoff

Business Jet Traveler » April 2010
Monday, April 5, 2010 - 12:01pm

You know the economy is improving when private jets return to the skies. And that's exactly what is happening now. Encouraged by rising profits and the diminished likelihood of a double-dip recession, some corporations and high-net-worth highfliers who had idled their jets through the downturn are venturing back into business aviation. The broadening economic recovery is giving many publicly traded companies all the reason they need to pull their jets out of their hangars and start flying again. The great deals that can be had on used jets, meanwhile, are starting to entice buyers who had been waiting for the long-anticipated market bottom.

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Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich