When people see a small private jet they wonder if the qualifications to fly that are the same you need...
More Private Jet Travel!
January 17th, 2017
Wealthy people with at least at least $100 million will see their fortunes grow the fastest over the next five years as stock markets around the world recover, according to the Boston Consulting Group.
The ultra-high-net-worth investors will be rewarded with compound annual growth rates of about 9.5 percent through 2020 as individual and family fortunes surge to $224 trillion, the consulting firm said in a June 2016 report. The share of global wealth controlled by millionaires will increase to 52 percent from 47 percent in 2016.
Millionaires’ Share of Global Wealth Rises to 52% by 2020
Global Private Wealth May Reach $224 Trillion by 2020
What does all this mean for the Private Jet World?
In the last couple of months we have seen an increase in private jet charters. On the aircraft sales front we have seen a slow start and more and more larger jets being added to the marketplace during the first 6 months of 2016. However, sales have now started to move and I my analysis is that terrorism and low fuel prices are encouraging wealthy individuals and companies to turn to private jet ownership.
Don’t think the private jet is just for the super rich, it is a business tool that will make you super rich.