Tag Archive: Private
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 …