While carriers have struggled since March 2020, use of business jets rose by 23 per cent in the United States and 53 per cent in Europe last quarter compared with a year earlier, according to the U.S. Federal Aviation Administration and Eurocontrol. Those leaps build on large increases in 2021.
The Montreal-based company increased its backlog of business aircraft orders by 11 per cent to US$13.5 billion in its first quarter. The "strong bookings" reflect "continued strengthening in the private jet market coming out of the pandemic with activity levels now exceeding 2019," ATB Capital Markets analyst Chris Murray said in a note to clients last month.
"If you're booking a seat from Toronto to Vancouver on Air Canada on business class, and it's $3,000 or $4,000, you get six or seven of your buddies together to fly and it's cheaper to fly on a private jet than it is on a commercial airliner." Full ownership refers to an outright plane purchase by a corporation or individual. And fractional ownership means buying a share of a plane under a multi-year deal that covers costs like crew wages and maintenance, on top of an hourly rate for time on board.
Meanwhile, total business jet flight activity surged past 2020 levels by 41 per cent last year and topped pre-pandemic levels by 7.2 per cent. "Back in the '70s, when commercial flying was new, people would fly for the experience and the destination. But somewhere along the way the experience kind of went away."
This is an example of 'just becuase you can doesn't mean you should' On so many levels this is repugnant.
The point is a private jet comes with a private pilot. Power. A personal jet, now that's another matter.
as long as we allow rich people to hoard wealth and cause inflation.
No.
Ask the leaders of G-7 😈
Air Canada will make sure it does
Gotta get to those climate summits somehow I suppose.
My best investment.
Because the liberals have discriminated against its own citizens