Space Industry and Business News  
AEROSPACE
Wealthy flock to private jets as pandemic spreads and airlines tank
by Staff Writers
Washington DC (AFP) Mar 23, 2020

stock image

With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favoured by the wealthy is thriving: private jets.

Fears of massive bankruptcies and calls for emergency bailouts have swept global carriers in recent days with one top US official warning that the outbreak threatens the industry even more than the September 11 attacks.

But for Richard Zaher, CEO of a US-based private jet charter company, the emails and phone calls just keep coming.

"Inquiries have gone through the roof," he told AFP, noting his company Paramount Business Jets had seen a 400 percent increase in queries, with bookings up roughly 20-25 percent.

"It is completely coronavirus," he added.

"We are seeing our regular private jet clients flying as they normally do. However, we have this surge of clients coming our way and the majority of them have never flown private."

Across the world airlines have been slashing capacity and passengers cancelling travel plans as countries block arrivals to stem the spread of COVID-19.

ForwardKeys, a travel analytics company, estimates as many as 3.3 million seats on transatlantic flights alone are disappearing.

Zaher said many new bookings were from clients who had emergencies and either could not find seats on commercial routes or did not want to risk them.

One recent booking involved a woman who flew her elderly mother across the United States.

"Her mum was on oxygen and needed to be flown coast to coast," Zaher said.

"They felt it was necessary to pay a premium in order to avoid flying commercial and to be together during this uncertain time."

- Customs without the crowds -
Costs vary hugely depending on the aircraft, region, number of passengers and duration of the flight.

A round-trip charter on a 12-seater plane from London to New York can be around $150,000. Hong Kong to Japan costs around $71,000 one-way.

But booking a private flight from the UK to the south of France can set you back just over $10,000.

In Asia, where the outbreak originated, charter companies said the past two months had seen a sustained increase in new customers, as people who fled the virus in January returned in March from places now experiencing their own epidemics.

Commercial flights to and from China have dropped by around 90 percent in the past two months.

A spokeswoman for Air Charter Service in Hong Kong told AFP they had seen a 70 percent increase in fixed bookings from the financial hub, Shanghai, and Beijing in January and February, and had recorded a 170 percent jump in new customers during the same period.

"It is the kind of people who are wealthy enough but who would not necessarily charter, who are maybe chartering as a one-off," said James Royds-Jones, Air Charter Service's director of executive jets for Asia Pacific.

One recent job involved a family moving from Hong Kong to the Thai city of Chiang Mai.

"People are just trying to almost pack their house into a private jet," he said.

"Also relocating, I guess the one good thing about the private jet side of things... you can have your pets with you."

Daniel Tang, from Hong Kong-based charter company MayJets, said he was receiving five times the number of enquiries than normal with three times more bookings since the outbreak began.

Clients were choosing to charter because they did not want to be confined with hundreds of people with "unknown" travel histories, and noted that private passengers usually cleared customs and immigration separate from the crowded main airport terminals.

"Both of these are usually just the perks of flying on a private jet but have become an invaluable advantage to chartering a private jet during these uncertain times," he said.

But Tang said the increasingly restrictive travel conditions - with many countries requiring EU nationals to quarantine, if not banning them from entry entirely - would ultimately impact private travel.

"As more and more countries are tightening up their borders, it will become more and more difficult to fly, even for private jets," he said.


Related Links
Aerospace News
Aerospace News at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


AEROSPACE
X-59 QueSST more than the sum of its parts
Cleveland OH (SPX) Mar 13, 2020
A time-honored tradition employed by the aerospace community for decades is continuing with the assembly of NASA's X-59 Quiet SuperSonic Technology aircraft at the Lockheed Martin Skunk Works factory in California. Perfectly acceptable components from other aircraft - some major, some minor - are finding new life as parts installed on the X-59, an experimental airplane whose mission is to help open a new era of commercial supersonic air travel over land. Landing gear from an Air Force F-16 f ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

AEROSPACE
World Centric announces new World Centric leaf fiber lids

Creating custom light using 2D materials

Raytheon awarded $17 million for dual band radar spares for USS Ford

Time-resolved measurement in a memory device

AEROSPACE
Space and Missile Systems Center's multi-manifest satellite vehicle ready for integration on AEHF-6 mission

L3Harris nabs $383.2M to provide man pack radio systems for Marines

Lockheed Martin's Most Advanced Mobile Communications Satellite Launches

Space and Missile Systems Center awards Northrop Grumman $253.6 million for Protected Tactical SATCOM acquisition

AEROSPACE
AEROSPACE
Chinese smartphone-maker debuts device with embedded ISRO navigation system

China launches new BeiDou navigation satellite

Beijing to beef up support for Beidou-related industry

Regulators move to fine telecoms for selling location data

AEROSPACE
Wealthy flock to private jets as pandemic spreads and airlines tank

X-59 QueSST more than the sum of its parts

Optimised flight routes for climate-friendly air transport

Transportation Command head questions Air Force's plan for refueler upgrades

AEROSPACE
Semiconductors can behave like metals and even like superconductors

New error correction method provides key step toward quantum computing

The ink of the future in printed electronics

A small step for atoms, a giant leap for microelectronics

AEROSPACE
More reliable rainfall forecasts for South Asian summer monsoons in coming decades

China's polar-observing satellite completes Antarctic mission

Observing animal migration from space - ISS experiment ICARUS begins

Kleos Data to Target Environmental Challenges in Brazil

AEROSPACE
Study suggests LEGO bricks could survive in ocean for up to 1,300 years

Micro-pollution ravaging China and South Asia: study

Toxic mineral selenium to blame for spinal deformities in California Delta fish

First-time direct proof of chemical reactions in particulates









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.