Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax benefits favoring private jet ownership, the number of businesses and wealthy individuals looking to buy a private jet for the first time doubled, compared to recent years, according to private jet broker The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet
The Private Jet Company (TPJC) – Pre-election anxiety about the possible end of Trump-era bonus depreciation and tax incentives that favor private jet ownership, tight supply and the continuing Covid-19 pandemic are pushing Q4 demand for private jets to an all-time high. “There is high anxiety that the Trump administration’s bonus depreciation and tax incentives which have benefitted private jet buyers will disappear. That means there may be limited time to take advantage of these favorable financial conditions.” NORTH PALM BEACH, Fla. (PRWEB) October 28, 2020 Pre-Election Indecision, Continuing Covid-19 Concerns, and Tight Supply of Pre-Owned Aircraft Drive Up Demand
Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service As business executives curtail their travel, jet service providers are shifting to meet the demand from people concerned about getting on a commercial flight. By Paul Sullivan – New York Times – May 30, 2020 Commercial air travel has plummeted in the pandemic, but interest in private jet service is surging, particularly among people who have not paid to fly privately before. For years, jet service providers have ferried corporate executives and wealthy leisure travelers who paid high fees for the privacy and security. Now, those same companies are shifting to
Concerns about health and the vastly reduced flights of commercial carriers during the pandemic are driving a surge of interest in private aviation among businesses and wealthy individuals, despite the economic uncertainty of these pandemic times. While some are flocking to jet charters or “fractional” ownership arrangements to avoid the health risks of traveling with strangers and to gain the flexibility of flying where and when they need, companies such as The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet buyers and sellers, are also seeing an uptick in the demand for pre-owned jets, a
There is real uncertainty and volatility in the Private Aviation market related to COVID-19 right now. Overall, businesses and individuals will need to charter, lease or acquire private jets in 2020 for reasons directly related to the current crisis. Commercial Airlines have already started to reduce service on historically low demand routes and passengers in non-hub cities will have fewer and fewer commercial flight options without additional new stopovers. Major corporate shareholders, senior management and executives, especially those with health concerns, will likely request their Companies for more and more private flights to avoid contracting a COVID-19 Viral infection Significantly increased Non-Commercial corporate
Marketplace trends continue to indicate that private aircraft owners and operators are reacting favorably to changes in the new tax laws that encourage purchases. “We are already seeing a dramatic effect on the pre-owned aircraft market resulting from this change,” said Daniel Jennings, President of The Private Jet Company, a leading private aircraft broker. The new tax law permits 100% depreciation (up from 50%) in the first year of operation of the cost of new and used aircraft purchased between September 27, 2017 and January 1, 2023, subject to certain conditions. The new tax law also makes other changes impacting
The Private Jet Company, a leading global private aircraft broker, announced today on the 10th anniversary of its founding a new modern logo that better reflects its new image. It also announced the expansion of its aircraft leasing and management services to private jet buyers. The new logo is now being used on the company’s printed materials, ads, letterheads and business cards and will soon also be applied to its website and Social Media accounts. The Private Jet Company (TPJC) has completed leases of aircraft ranging from a Citation Mustang to a Boeing 767-200ER. It offers both dry leases (for
Today we’d like to introduce you to Daniel Jennings. Daniel is the founder and President of TPJC. He leads the firm’s strategic direction and oversees its sales division. Under his leadership, Mr. Jennings has created an entrepreneurial culture which has led to the successful growth of the firm throughout the world. Mr. Jennings has over 15 years of experience in aircraft sales and acquisitions, having managed over $1.5 billion worth of transactions for individuals, governments and corporate clients. Prior to the formation of TPJC, Mr. Jennings successfully built, managed and sold several start-up ventures to private-equity backed investors. Mr. Jennings
Daniel Jennings, president of The Private Jet Company in Palm Beach, Florida, an area where Trump often hangs out, said demand for selected aircraft 2017. “We’re very busy with calls from prospective private jet buyers, particularly in the US market. If this trend continues, I believe we’ll see the market approach a balance between supply and demand for “There’s still a sense out there that the market is in a slump,” Jennings admitted, “but I believe we’re seeing the best indication yet that the slump may soon be over. With fewer aircraft available, we’re also seeing the ones with the
The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its...
China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China's ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business...
July 6, 2022· Covid concerns may be easing, interest rates rising, and the stock market falling, but prospective business buyers of private jets are highly motivated to make their purchases this year because the "free ride" of 100% depreciation in the first year of use, afforded by the 2017 Tax Act, will end December 31, 2022...
Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that...
Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax...
Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said...
North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax...
