“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
UK Approves Increased Flight Activity at Farnborough Airport
The annual limit on flights into and out of the London-area Farnborough Airport, which is used exclusively for business aviation, will rise incrementally from 28,000 to 50,000 between now and 2019. This follows TAG Aviation's successful appeal to the UK government against an earlier local government decision to block the increase. The airport, which TAG runs under a 99-year lease from the government, has also been cleared to increase annual weekend aircraft movements from 5,000 to 8,900 over the same time frame. This year, TAG will lift the overall movements limit to 31,000 and the weekend limit to 5,500. Next year, these limits will climb again to 37,000 and 6,500 movements, respectively, and they will then keep rising gradually through 2019.