“When once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return.” – Leonardo da Vinci

Private Jet Daily is the one source for news regarding the Private Jet and charter industry.  The benefits of flying private are simply to avoid the airport, fly on your own schedule and avoid the hassles!  And if researchers Grove and Prince are correct, the average Jet owner can avoid the hassles with a yearly income of $9.2m and a net worth of nearly $90 million.  For non-pilots, the options for flying private now include fractional purchase of an airline, jet membership programs (10+ at our last count), purchase an aircraft & turn it into a 135 charter, purchase flight time, or just charter when you need it.
New Jet Set
Researchers Hannah Grove and Russ Prince surveyed a group of Jet owners last year to find out who they are, what makes them tick and how they spend their money on behalf of Elite Traveler.  Their findings “The New Jet Set:  A Psychographic Analysis of Luxury Spending are summarized below:
  • Yearly income of $9.2m
  • Net worth of $89.3m
  • Average age: 57
  • 70%/30% M/F ratio
  • $30,000 a year on alcohol
  • $147,000 on watches
  • $117,000 on clothes
  • $248,000 on jewelery
  • More than 2 principal residences worth at least $2m each
  • Spend $542,000 a year in home improvements
  • Spend $226,000 a year on cars
  • $404,000 on boats
  • $98,000 on experiential travel
  • $224,000 on hotels
  • $107,000 on spas
  • $1.75m a year on art
  • 34% open their own mail
  • 19% pay their own bills