17 Hrs
Source:
الاقتصادية
Record Growth in Private Jet Market Despite Challenges
The private aviation market experienced a record-breaking increase this year, with the number of flights rising by approximately 4% globally. However, capacity declined by 3-4% due to rising jet fuel prices and operating costs, especially amid the escalation of the American-Iranian conflict. The growing demand for private flying underscores the desire of the wealthy to avoid travel disruptions and reduce risks, as bookings notably increased for events such as the Cannes Film Festival and the Monaco Grand Prix. At the same time, the sector faces environmental criticism amid rising concerns about its impact on equality and the environment.
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