Published by Robb Report
June 11, 2020
Written by Michael Verdon
A new kind of Traveler is emerging in private aviation, according to leading charter and fractional firms. These travelers are high-net-worth individuals who have the financial means to pay the supplemental costs of business over commercial aviation, but have refrained from doing that before now because of financial qualms or philosophical concerns about flying privately. Covid-19 has changed the game.
“From March 1 through June 8, we saw a 117 percent increase in new customers compared to the previous year,” Anthony Tivnan, president of Magellan Jets, told Robb Report. “The numbers are even more important when you consider that last year was a record year for new-client acquisitions.”
Michael Silvestro, Flexjet CEO, has also seen recent spikes in inquiries. “Our website enquiries are unprecedented at the moment,” he told Robb Report. “After three difficult months, demand is back up.”