THE executive aviation industry is going through its biggest-ever transition with businesses and ultra-high-net-worth (UHNW) travellers developing a greater awareness of the huge time and convenience benefits it offers, said executive aviation services provider, Jetex.
Its founder and CEO Adel Mardini said the industry has shown its ability to adapt and remain connected to its customers, spurring their desire to travel and discover within an environment of luxury and supreme service.
In the company’s 2022 annual review, Mardini said data from aviation data research firm, Wingx, revealed that 2021 saw 3.3 million private flights globally, the most on record, and the industry is set to grow by 10% in the post-pandemic period.
“A much larger number of ultra-premium passengers continue to fly private rather than returning to first or business class. There has also been an increase in first-time private flyers for both business and family travel.
“As a result, sales demand for both new and pre-owned jets have climbed to record levels and is expected to continue, with 8,400-8,500 new business jet deliveries between 2022 and 2031 at an estimated value of US$264-US$274 billion (RM1.21 trillion),” he said.
Mardini said demand for private air travel is expected to grow year-on-year (YoY), and Jetex is thrilled to be part of the industry.
“With more flexibility, time efficiency, and a larger possible reach, the demand for private air travel is expected to grow further YoY and Jetex is thrilled to be part of this ongoing success story,” he said.
Jetex is recognised for delivering flexible, best-in-class trip support solutions to customers worldwide, and its services include private terminals, aircraft fueling, ground handling and global trip planning. — Bernama
- This article first appeared in The Malaysian Reserve weekly print edition