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Private Jet Industry Is Growing Because of the Globalization of Business Travel

Excerpt from New York Times

Dec 17, 2013 10:40 am

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Private jet companies such as NetJets and VistaJet are meeting new demand for long-range flights as U.S. business travelers and others increasingly make trips throughout Asia, Africa and Latin America.

— Dennis Schaal

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Nacho Doce  / Reuters

Private jets are seen at the Embraer headquarters in Sao Jose dos Campos, 100 km (62 miles) from Sao Paulo May 14, 2013. Nacho Doce / Reuters

Business travelers are increasingly flying to hard-to-reach places, helping fuel a revival in the private jet industry. And nowhere is the demand greater than in the longest flights to the most exotic locales, requiring planes that can fly up to 13 hours without refueling.

“The segment of business aviation that has grown the fastest in the last five years is the ultra-long-range jets that are capable of flying halfway around the world,” said Ed Bolen, president and chief executive of the Washington-based National Business Aviation Association.

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