Private Jet Rentals Grow in the Form of Memberships and Fractional Shares, Business and Industry Trends Analysis

Prior to the Coronavirus pandemic of 2020, many wealthy travelers could not justify the expense of private air travel.  The purchase of business jets can cost $70 million or more for the largest long-range bizjets, and $4 million to $40 million for most other jets, depending on size and range.  A pre-pandemic McKinsey study found that 90% of those who could afford to fly private chose not to do so. Fast-forward to 2020, and soaring numbers of travelers with means were flying privately, especially through charters and fractional ownership.  Massachusetts-based Sentient Jets (www.sentient.com) reported that 50% of its business in…

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