The rich are getting richer — and it's fueling a private jet boom

The rich are getting richer — and it's fueling a private jet boom

The rich are getting richer — and it's fueling a private jet boom Private jet demand is booming, and aircraft manufacturers can't keep pace. Even used jets are disappearing from the market. There's been a wealth boom, especially among the already-rich, as more companies go public and the stock market hits record highs. Analysts say many newly listed companies are buying their first company jets. In the United States, business jet take-offs and landings are up 40% year-over-year. They're at their highest point since before the 2008 financial crisis, partly driven by the pandemic as big companies expanded private jet privileges for their top executives. But the market is attracting individuals too, whether they're executives, start-up founders or lucky crypto investors with their first hundred million looking for a new …
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