The private jet industry has a long and fascinating history. Here are a few surprising facts about the business that you probably didn’t know.
The first private jet flight was in 1963 – Learjet was one of the first companies to manufacture private, luxury jets. Their first flight was in 1963 of a six to eight-seater jet and they delivered their first production model the following year. So, the private jet industry has been booming for over 50 years.
Just Under 50% of Private Jets are Owner By Americans: 49.7% of the world market for private jets is made up of US citizens. Europe and Asia are next, making up about 32% of the market combined and South America, Africa, and the Middle East make up the remaining 18%. The majority of the private jet terminals are also in the US, with Teterboro Airport in New Jersey being the most popular for it’s proximity to New York City.
The Airbus 380 is the Most Expensive Private Jet in the World: The Airbus 380 is a double-decker aircraft that is capable of carrying up to 800 passengers. It was commissioned by Saudi Prince Al Waleed bin Talal al-Saud in 2007 for $319 million and after being refurbished and fitted with new amenities, its total cost was over $500 million. The jet includes a private staircase, VIP section, concert venue, a board room, and a parking lot.
You Can Rent a Private Jet by the Hour: Contrary to popular belief, you do not have to own a private jet to enjoy the luxury experience. Many private jet companies will rent you a jet by the hour if you want to take it for just one flight and don’t want to commit to ownership. Private jet rentals can range from about $1200 to $8000 per hour depending on how large of a plane you need. But it is an option for those who want the experience without the commitment.
You Can Book an International Jet to Go Anywhere in the World Today: Although the commercial flight industry has taken a hit due to coronavirus, the private flight industry is booming. Many are choosing to charter their own international flights if they have to travel for business because it is safer and features fewer hassles than commercial flights. You can even book an international flight online and be on a flight the next day if you need to be. Private jets offer a convenient solution to air travel that won’t put yourself or others in danger of contracting or spreading coronavirus.