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How Cheap Oil Drives Global Private Jet Sales - Part II

Private Jet sales are significantly impacted by the current cheap oil prices on the Global marketplace  Dec. 3 (Bloomberg) -- Private Jet sales are significantly impacted by the current cheap oil prices on the Global marketplace says Bloomberg Rankings Analyst Douglas Lavanture in a recent interview broadcast on Bloomberg.


The Private Jet Company CEO, Daniel Jennings is quoted saying: “…declining oil prices are a double edge sword…” where low jet fuel prices make flying less expensive, but hurts private aircraft owners in the oil industry. Bloomberg’s Matt Miller from “Bottom Line” confirms Russia’s private jet sales are a direct correlation to the failing oil prices stating that, “…approximately 20 percent of Russia’s private aircraft fleet is currently up for sale…”. While Russian private jet owners may be eager to sell their private aircraft in order to exchange their Russian Rubles into the rising US dollar, other private jet buyers not in the oil business will be able to take advantage of the oil producers distress.  Douglas referenced his call with Mr. Jennings, who said that the falling oil prices are having a positive impact for most private jet owners, specifically those flying the new Gulfstream 650 private jet aircraft, saving them about $400k a year in fuel costs.
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