• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About The London Economic
  • Advertise
TLE ONLINE SHOP!
NEWSLETTER
SUPPORT THE LONDON ECONOMIC
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Travel

Experts Predict Boom for Private Aviation Industry Amidst Coronavirus Fears

Since the beginning of March 2020, airline stocks such as UAL (United Airlines,) LUV (Southwest Airlines) and AAL (American Airlines) have seen a 30 percent decline.

Jess Young by Jess Young
March 19, 2020
in Travel

The novel coronavirus pandemic has had a devastating effect on the commercial aviation industry. The International Air Transport Association estimates that the outbreak will cost the global air industry between $63 and $113 billion, depending upon how well containment efforts work. 

Since the beginning of March 2020, airline stocks such as UAL (United Airlines,) LUV (Southwest Airlines) and AAL (American Airlines) have seen a 30 percent decline.

One aviation sector for which the coronavirus threat is proving profitable, however, is the private aviation sector. Sales directors of private jet brokers say that bookings are up by as much as 300 percent in some regions. 

Notes Jeffrey Carrithers, President and CEO of the influential aviation hub Globalair.com, “Common sense would suggest that the longer the Coronavirus persists and spreads, the more people would be inclined to travel privately than on a commercial airline. “

The Benefits of Private Planes

The primary advantage that private planes have over commercial flyers in times of contagion is exclusivity: The people sharing your cabin are far more likely to be known to you, which means you can put more faith in the precautions they’re taking to keep themselves safe. 

In contrast, when you fly commercial, you are sharing your personal space with hundreds of strangers about whom you know nothing. Additionally, when you fly on a private charter, you avoid standing on long security lines; strangers standing on those lines also raise the threat of infection.

RelatedPosts

What are the transport modes to consider when traveling to the Netherlands?

‘Pricing the railways out of existence’ – first above inflation rail fares rise in eight years

HS2 won’t be ‘rich man’s railway’ but fares and if they will have first class compartments not decided

Two-thirds of UK adults support idea of vaccination passports despite legal and ethical concerns

Another advantage private planes have is route mobility. When President Donald Trump recently announced a 30-day restriction on travel from most of Europe, several private jet charters noted a surge in demand for flights to the UK, which is exempt from travel bans at present. Travelers would then use private jet charters to fly to other locations in Europe. Note that while private charters may be more able to fly in and out of lockdown zones, they still comply with the same rules and regulations with which commercial airlines comply.

What Kinds of Travelers Fly Private Charters?

Once the purview of the super wealthy or the super famous, private charters have increasingly attracted customers who until a year or so ago would more likely have booked a business or first-class seat. The coronavirus outbreak has accelerated this trend. 

If you’re booking travel for a group of 12 to 14 passengers, in fact, chartering a jet is actually less costly than buying 12 to 14 first-class tickets, although, of course, you don’t get to collect any air miles.

The last time the private charter jet industry experienced a similar boon, it was in the wake of the 9/11 attacks. Then, the demand for private flight options was fueled by anxiety over commercial aviation security measures. If the coronavirus boom follows the 9/11 boom, it will take four to six months before demand for commercial flights return to their pre-coronavirus levels.

Support fearless, free, investigative journalism Support fearless, free, investigative journalism Support fearless, free, investigative journalism

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending fromTLE

  • All
  • trending

What If We Got Rid Of Prisons?

Stress, fear and homelessness: The threat looming over families confronted with eviction

File photo dated 07/11/03 of a prison cell.

The Other Prison Pandemic

Latest from TLE

Was he out of order? Drakeford criticised over his comments about Boris Johnson

Mumford & Sons banjo player under fire for ‘endorsing fascism’ in support for Andy Ngo

Contrasting headlines about Meghan Markle and Kate Middleton goes viral

Film Review: Lucky

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About The London Economic
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.