The private aviation industry has experienced a surge in demand post-pandemic, bringing in a new customer base that prefers private jets over commercial flights. This shift has resulted in a remarkable 65% growth year-over-year for companies like Flexjet, with a 90% retention rate of new customers. Additionally, the profile of private jet users is changing, with owners trending 10 years younger than before. Insights from industry experts suggest that newcomers should adhere to etiquette, such as arriving on time and preparing for security checks at private terminals.
If you look at our book (the number of people we fly) over five years, from pre-pandemic to today, we're almost at 65 percent year-over-year growth.
We're seeing younger [owners] by a good 10 years. We see a lot of private fliers in their low to mid-40s now, where typically beforehand [they would be] mid-50s.
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