Special report | High flyers
The pandemic has hurt corporate jets less than commercial ones
The wealthy are not bound by airline schedules
CORPORATE JETS are emerging from covid-19 in better shape than commercial ones. Bosses of big companies and the super-rich have long relied on owning or chartering their own small jets. As Jim Currier of Honeywell, a conglomerate, points out, business aviation suffered as much as commercial airlines at the start of the pandemic, but recovery has been “steady, consistent and at a higher pace”. The number of flights undertaken by scheduled airlines was down by 49% in 2020 on a year earlier whereas business flights were down by only 24%, according to WingX, a private-aviation data firm. Mr Currier expects a full recovery by mid-2021.
This article appeared in the Special report section of the print edition under the headline “High flyers”