Private Jet Travel Demand Sees Increase

After three years of decreased demand for private jet travel, things are starting to look up for service providers as 12% of the wealthiest Americans (those with a net worth of $5 million or more) say they plan on using private jets for travel in 2012- significantly up from 9% in 2010.

The majority of clients that utilize private jets are actually corporate travelers- a base that has continued to grow due to the lowering cost of private jets and the vastly decreased hassle that goes along with it. Corporate travelers, especially when the bill can be charged to an expense account, are drawn to the allure of private jets because it eliminates the loss of time wasted spent haggling with the TSA at busy airports.

For a detailed (and very informative) discussion of this topic, see this article: http://money.cnn.com/2011/11/08/pf/private_jet/index.htm?hpt=tr_c2