As the number of extremely wealthy people worldwide has grown, so too has the market for private flights.
Out of 3000 attendees, over 1,500 private jets landed around Davos, Switzerland for this week’s World Economic Forum in Davos, Switzerland which took place on 24th January, 2019.
According to an estimate from Air Charter Service, up from 1,300 last year. “We have had bookings from as far as our operations in Hong Kong, India and the US,” Andy Christie, private jets director at ACS, said in a statement. “No other event has the same global appeal.”
“There appears to be a trend towards larger aircraft, with expensive heavy jets the aircraft of choice,” Christie said. “This is at least in part due to some of the long distances traveled, but also possibly due to business rivals not wanting to be seen to be outdone by one another.” Over the past five years, most private jets have come from or are going to Germany, France, the UK, the US, Russia and the United Arab Emirates, he added.