Corporate Jet Flights Plunge With Executives Staying Home
- London saw a 71% decline in business jet arrivals last week
- Trips plunge as firms restrict executive travel, cancel events
Photographer: Nicky Loh/Bloomberg
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Corporate jet travel to London has cratered, and many U.S. cities are also starting to see a drop off as coronavirus precautions spread.
Even as some private jet operators report demand from wealthy travelers looking to avoid commercial travel or to handle group evacuations, data collected by JetTrack show dramatic declines in the use of planes owned or leased by Russell 3000 companies, U.S. hedge fund and private equity firms.