Wealthy flock to private jets as coronavirus pandemic spreads and airlines tank

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

HONG KONG (AFP) - With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favoured by the wealthy is thriving: private jets.. Read more at straitstimes.com.

HONG KONG - With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favoured by the wealthy is thriving: private jets.

"Inquiries have gone through the roof," he told AFP, noting his company Paramount Business Jets had seen a 400 per cent increase in queries, with bookings up roughly 20-25 per cent."We are seeing our regular private jet clients flying as they normally do. However, we have this surge of clients coming our way and the majority of them have never flown private."

Zaher said many new bookings were from clients who had emergencies and either could not find seats on commercial routes or did not want to risk them."Her mum was on oxygen and needed to be flown coast to coast," Zaher said. A round-trip charter on a 12-seater plane from London to New York can be around US$150,000 . Hong Kong to Japan costs around US$71,000 one-way.

"It is the kind of people who are wealthy enough but who would not necessarily charter, who are maybe chartering as a one-off," said James Royds-Jones, Air Charter Service's director of executive jets for Asia Pacific."People are just trying to almost pack their house into a private jet," he said. Clients were choosing to charter because they did not want to be confined with hundreds of people with"unknown" travel histories, and noted that private passengers usually cleared customs and immigration separate from the crowded main airport terminals.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks erase early gains to end sharply lower[HONG KONG] Hong Kong shares suffered an afternoon collapse on Wednesday, reversing a morning rally that had come on the back of massive stimulus pledges from governments looking to soften the impact of the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Elderly dog dies in Hong Kong after release from precautionary COVID-19 quarantineA 17-year-old dog in Hong Kong, which had been cleared of the coronavirus after initial suspicions of infection were proven unfounded, has died ... sad Maybe the owner killed it?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong: Stocks start Wednesday with losses[HONG KONG] Hong Kong stocks opened lower on Wednesday morning despite fresh pledges of global stimulus pledges to fight the economic impact of the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong to quarantine all visitors to preserve success of coronavirus effortsHONG KONG — Hong Kong will quarantine for 14 days all people entering the city starting midnight on Thursday (March 19) to prevent an
Source: TODAYonline - 🏆 1. / 99 Read more »

Singapore overtakes Hong Kong as world’s freest economyHong Kong lost its title as the world’s freest economy to Singapore for the first time since 1995, according to the 2020 Index of Economic Freedom published by the Heritage Foundation. YahooFinance
Source: YahooSG - 🏆 3. / 71 Read more »

Hong Kong actress Roxanne Tong says she is used to being singleTo her friends, Hong Kong actress Roxanne Tong is a veritable catch, but the 32-year-old said she is more than happy living the single life.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »