With the growing numbers of extremely wealthy people around the world, the market for private flights has also increased.
Although global warming is one of the main topics discussed in Davos every year, around 1,500 private jets are expected this week from the World Economic Forum in Davos, Switzerland, according to an estimate by the Air Charter Service of 1,300 last year. "We had bookings from our locations in Hong Kong, India and the US," said Andy Christie, private jet director at ACS, in a statement. "No other event has the same worldwide appeal."
"There seems to be a trend towards larger aircraft, with expensive heavy jets being the aircraft of choice," said Christie. "This is at least partly due to the long distances, but possibly also to competitors who do not want to outdo each other." In the last five years, most private jets have come or gone to Germany, France, the United Kingdom, the United States, Russia and the United States He added to the Arab Emirates.
PrivateFly.com, a private jet service, expects between 1
Air travel has a high carbon footprint and causes greenhouse gas emissions that contribute to climate change. Davos participants will have the opportunity to discuss this topic in detail, with "Safeguarding Our Planet" the title of one of the panel sessions planned for Tuesday. "The World Economic Forum Climate Initiative provides a global platform to foster ambition and accelerate climate action," said the WEF. "Public-private co-operation is essential to create a market that will dramatically reduce emissions and strengthen resilience." In an interview with 36-year-old Prince William, who ranks second to the British throne, 92 The old naturalist Sir David Attenborough said on Tuesday at the participants' forum: "There's more power in this room than anywhere otherwise. The people here have to do something against the natural world.
In a separate speech on Monday, Attenborough said: "The Garden of Eden is no more. He added, "What we do over the next few years will be profoundly affecting the next few thousand years. "
Many rich people participate in private jets.
The world elite does not necessarily fuel the demand for private jets. According to the 2018 report of VistaJet, a private jet charter company, and Wealth-X, a company specializing in ultrahigh net wealth research, most of private aviation growth is not attributable to individual aircraft purchases.
Instead, rich people are turning to more economical means of private aviation, such as: For example, the fractional ownership of aircraft (where you share the cost and title of the aircraft with a small group of other users almost like a timeshare), jet card membership programs (in which the travelers usually have a package of flying hours for a particular model aircraft pre-order at a specific date) and on-demand chartering (an over-service for private planes where you can book one) at short notice).
In the US, the number of semi-owned aircraft increased by 4.7 percent between 2016 and 2017, but the number of on-demand charter flights and flights with jet card members increased by 9.2 percent, according to ARGUS International, an aerospace technology company,
luxury travel expert Doug Gollan, who is also the editor of the Private Jet Card Comparisons travel website, estimates that there are between 25,000 and 30,000 people holding Jet Card memberships, compared to 8,000 to 10,000 owning private jets.
"Jet card memberships are the sweetspot of the private aviation market. The number of vendors and programs has more than doubled in the last decade, against the background of lower shipments of new aircraft and a static charge market for fractional ownership, "he said.