COVID-19 Set the boom for private jet industry
Globally, the aviation industry has seen a remarkable drop due to COVID-19. Recently, IATA reported that the industry could lose around USD 84 million of cash reserves this year. With existing air-travel demand, the situation could turn into new opportunities for some. Furthermore, the private jet industry has experienced a spike, as passengers are looking for safe travel options. The rise is due to passengers willing to prevent crowds, maintain a safe distance, and enjoy a more privileged way of travel. A study by European private jet charter operator Globe Air AG – highlights that 270 person-to-person interactions are possible in airline passenger travel where one could be exposed to the pandemic “less than 20 on private jets”. An Australian private jet operator recorded that there was an increase in demand. However, the operator reported struggles to respond due to a lack of flight crew or aircraft. Likewise, a Singapore based operator had also highlighted an alm...