The United States Comprises 49.7 Percent of the World’s Private Jet Market
The mention of private jets usually conjures up images of celebrities, wealth and glamour. While those qualities are certainly part of it, the business aviation industry makes a valuable contribution to the country’s economy, employing 1.2 million people and generating a whopping $150 billion each year.
Here are some other fascinating and little-known facts about private jets as revealed by Forbes:
• The United States comprises 49.7 percent of the world’s private jet market, more than double the number of Europe at 20.8 percent.
• Average hourly charter rates range from $1,674 for a Citation Mustang to $8,640 for a Gulfstream 550.
• Van Nuys (CA) Airport, the busiest general aviation airport in the world, is the site of more than 259,000 takeoffs and landings each year. Teterboro in New Jersey is the top domestic airport for international travel, while Vnukovo in Russia is number one in Europe.
• Not surprisingly, the Super Bowl generates the most single-event private jet travel.
• Nearly all private jets pale in comparison to the most expensive model in the world, the Airbus A380 owned by Prince Alwaleed bin Talal Al Saud. Splashy features such as a two-car garage, a stable for horses and camels, and a rotating prayer room drove the estimated cost to more than $500 million.
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