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Private-Jet Industry Sees a Faster Rebound Than 2008 Recession

  • Pandemic promises to bring new risk-avoiding passengers
  • First-time flyers are seen as candidates for repeat business

Private aviation is bouncing back more quickly from the coronavirus pandemic than it did from the 2008 recession, a blow from which it never fully recovered.

The prospect for a V-shaped recovery in private-jet flights is underpinned by a smaller base of customers who remained loyal throughout a decade of corporate cost cutting. Private-jet operators and planemakers expect to win new flyers who need an alternative to pared-back commercial routes and want to avoid the higher risk of contracting the virus at crowded airports and airplanes.