» Private Jet Industry Continues to Grow Despite Troubled Economy

Private Jet Industry Continues to Grow Despite Troubled Economy

By Jessica Willis

trouble_blog

While the struggling economy seems to have impacted nearly every global industry, the demand for private jets seems to be thriving more than ever. “We believe that if you can afford to spend $62 million (current list price for the A318 Elite) or more on an aircraft, then you are probably a billionaire, or well on the way to becoming one. And if you are billionaire, then you are likely to go on buying,” explained David Velupillai, product marketing director of executive and private aviation for Airbus. “Manufacturers of smaller business jets, which sell for less money, and to millionaires rather than billionaires, are more likely to be affected by the global economic turndown.” This theory makes sense and is backed by statistics. Lufthansa Technik Chairman August Wilhelm Henningsen stated that LHT is currently taking slot reservations for 2012-2018 due to high demand and Walter Heerdt, head of marketing and sales reported that despite the economic slump, LHT has not had any narrow body or wide body cancellations to date. The company currently has three committed projects under way and another two to three in the works.

Comments (1)

Email This Post

One Response to “Private Jet Industry Continues to Grow Despite Troubled Economy”

Ivan Klugman Says:
January 24th, 2009 at 4:26 pm
WOW can’t imagine having to wait till 2012 or 2018 when you can get a airframe today and put in an interior by the same designers for less than half the cost.

Add a Comment

Why Haute Jets?

Haute Jets was established to meet the growing demands for customized private jet travel. Haute Jets flies business leaders and celebrities to destinations from Los Angeles to Cabo San Lucas, the Hamptons to Palm Beach and everywhere in between. With access to more than 5,000 aircraft and airports around the globe, our core focus remains on safety, security and personal service. At Haute Jets, we have created a unique and luxurious experience that is unmatched in our industry. We are available 24 hours a day, 365 days a year; we’re here to accommodate any request at any time.

Why jet charter over a pre-paid jet card?

With us, there are no membership fees or prepaid cards for sale. Flying with Haute Jets eliminates overhead fees and long-term commitments, ensuring absolute flexibility. At Haute Jets, we believe we have to earn your business each and every time you fly with us. If we don’t, then we will never get your business again. That is why we give our clients direct access to the lowest prices on any private jet request around the globe. The owners at Haute Jets negotiate with carefully selected jet operators to ensure the absolute lowest price. We utilize empty legs and one-way flights to optimize pricing options and have access to many planes that are not normally on the market for charter. Every reservation will meet the strictest safety criteria and must be Wyvern Standard. Best of all, at Haute Jets, we provide only guaranteed quotes, meaning you know exactly what your trip will cost, in advance.

What is the process?

The process of requesting a quote and arranging your flight is as simple as going online or calling an Haute Jets VIP client specialist 24 hours a day at 888.675.3877. Whether you’re an experienced charter customer or new to the entire process, we will guide you through every detail of your travel itinerary and we promise to get you to your destination in comfort, class, and style. We can accommodate any request in as little as four hours, with access to more than 5,000 aircraft and airports around the globe, you can rely on Haute Jets for immediate response, personal attention, and dedication to every element of your travel experience. What makes Haute Jets so valuable is that we run an extremely personal business, devoting extensive time to the individual needs of each client. Through the Haute Living brand, we have many relationships that we can share with our clients, from events, hotels, restaurants, and more.

Haute Jets does not own, maintain, charter or operate aircraft. Haute Jets is not a direct or indirect air carrier. Haute Jets is a travel information, scheduling and transaction service. All advertised charter flight services are offered and provided by third party federally licensed direct air carriers.