Skip to content

Bankers See Private-Jet ‘Party’ as Rich Clients Snap Up Planes

  • Pent-up wanderlust, rising cash spur luxury-aircraft demand
  • Citi financier says would-be buyers are sometimes too eager

The coronavirus pandemic has created an overhang of pent-up travel demand and left unspent money burning holes in the pockets of the well-to-do. Put the two together and the result is a hunger for private jets.

Buyers have scooped up so many of the good used planes out there that they’re now getting on waiting lists to purchase new aircraft, said bankers at this week’s Corporate Jet Investor conference.