قالب وردپرس درنا توس
Home / Business / As the wealthy flee the big cities, private jet traffic to Hampton and Aspen is booming

As the wealthy flee the big cities, private jet traffic to Hampton and Aspen is booming



  • The wealthy travel less on business and use private jets to reach resort towns more often.
  • According to data from Tuvoli, the online jet payment platform of the private jet card comparison company (Trivoli), private jet flights to West Hampton in New York surged by 172% in October.
  • At the same time, private jet passenger traffic at Teterboro Airport in New Jersey plummeted 52% in October.



Large passenger plane sitting at the top of the runway


©CNBC Provided


A new report shows that as traffic at resort cities’ airports has increased significantly and the number of flights near cities has fallen, the coronavirus pandemic is changing the way private jets fly in the United States.

loading...

Loading error

According to data from Tuvoli, the online jet payment platform of the private jet card comparison company (Trivoli), private jet flights at Francis S. Gabreski Airport in West Hampton, New York, surged 172% in October. Aspen Airport in Aspen, Colorado, flights rose by 135%, and Vail’s flights rose by 95%.

In contrast, private jet traffic at Teterboro Airport in New Jersey plummeted 52% in October. Private jet flights at Westchester Airport (another popular airport in New York) also fell by 31%.

Private jet flights at Chicago Midway Airport dropped by 47%, while flights at Washington Dulles Airport (usually the second busiest private airport in the United States) dropped by 48%.

Doug Golan, the founder of Private Jet Card Comparison, said: “This is further proof that the rich are not in the Park Avenue apartment, but in Hampton or Aspen.”

In cities and resorts across the United States, this pattern is similar, as the rich flee New York City, San Francisco and other major cities as resorts. At the same time, business travel by private jet has virtually disappeared, which means fewer flights to major business hubs.

During the pandemic, private jet companies have seen strong growth in new customers for leisure flights, as wealthy people (especially older pilots) avoid commercial flights for health reasons and prefer the environment of private jet terminals and their own aircraft Get tighter control.

Golan said that senior CEOs and business owners also conduct business meetings in their homes, which changes the typical business jet traffic.

He said: “The CEO will have a team flying to their home in Hampton or Aspen instead of meeting in their office,” he said.

In October, the airport in Nantucket, Massachusetts, grew by 28%, while the airport in nearby Martha’s Vineyard grew by 19%.

Golan said that as to whether the map of the private jet was permanently changed by the wealthy’s new “work-in-place” model, it is unclear.

He said: “There will be a direct link between Covid and the rate at which large offices reopen or close.”

CARES Act includes tax loopholes for private jets

UP NEXT

Previous Next

continue reading


Source link