The Art of Luxury Issue 49 2021 | Page 19

AVIATION
Our Worldwide Customer Service , Charter Sales and Operations Teams were / are available day and night to make the impossible possible in order to respond to our clients ’ needs .
During the winter seasons , they like to go to the Maldives or Seychelles and for the ones who like to go skiing the most asked destinations are Chambery , St-Moritz , or Courchevel .
We noticed that passengers were reluctant to travel with commercial airlines and wanted to avoid contact with others . A new segment of clients who were frequently traveling in business / first class turned themselves to private aviation for their safety . The fact that private jets benefit in most locations of dedicated standalone VIP terminal facilities and channels also prevented the potential exposure by avoiding busy airport terminals , check-in counters as well as boarding procedures .
Therefore , a new segment has emerged throughout this tendency and consequently saw an increase in flight requests in the private aviation sector .
5 – Would you say there is a particular benefit to Jet hire over purchasing your own aircraft ?
Renting a private jet or buying one will depend on the specific needs of the client . Some key factors will need to be considered such as the frequency of flights , the purchasing power , the value of time and any other particular needs .
4 – I can imagine that Global Jet has taken clients to some amazing places all over the world but is there one specific location that had proved to be the most popular in the last year ?
Of course , some destinations are idyllic and breathtaking . The popularity of our client ’ s destinations depends on the seasons and if they are traveling for leisure or business .
In general , the busiest top airports remain Paris , London , Geneva , Nice , Zurich , Milano , Cannes and Moscow . Etc .
During 2021 summer time , Mykonos , Olbia , Ibiza , Nice , St-Tropez , Corsica and Larnaca were most popular destinations .
Purchasing a private jet will be based on several aspects such as age , the size and the condition of the aircraft , among other factors . In general , the cost can vary from $ 5M to $ 90M depending on the type of aircraft and on the other features mentioned above . As per example for a small type of jet , the cost could start from $ 4M and go up to $ 9M . Regarding the biggest type of aircraft which can carry more than 18 passengers the price could start from $ 50M and onwards . Buying a preowned aircraft is more economical as compared to buying a new one , but may cost more in terms of maintenance .
Private jet charter passengers can benefit from the comfort of private jet travel without the high costs and challenges of ownership . This becomes interesting if they are not frequent flyers . While the cost of hiring a private jet is also notably higher than first-class fares , it is certainly a lot more economical than buying and maintaining a jet .
In order to decide while hiring a jet or purchasing one , it ’ s advisable to do a cost-benefit analysis and compare the cost of owning a private jet to renting one in taking to account the specific needs of the client ( flexibility , frequency of flights , purchasing power ... etc ).
Issue 49 2021 The Art of Luxury
19