Much of the recent demand has come from new customers – mainly entrepreneurs and executives seeking alternatives to commercial flying. Transactions are done between human beings and there’s such a pent-up demand, having been locked down for 120 days. Why are they shifting to flying private? There’s a market study on how many touchpoints a human being has in commercial versus private, and it starts right around 700 touchpoints for flying commercial and its in the low 20s if you fly private. Once you have experienced the convenience of flying on a business jet, I think budgets will shift.

Source: The Star August 01, 2020 04:52 UTC