"Eleven routes saw at least a 65% increase in private jet traffic last year, according to real estate consultancy Knight Frank's annual wealth report that included data from private aviation company VistaJet."
"We see global wealth becoming increasingly mobile, with clients living across multiple cities and continents,” Ian Moore, the chief commercial officer at VistaJet, said in a statement."
"While established routes, like those between New York and London or New York and Miami, continue to dominate overall traffic, these growing routes offer a glimpse into the behavior of the ultra-high-net-worth set and where capital is moving."
Private jet travel has surged, with eleven routes experiencing over a 65% increase in traffic last year. This trend reflects the mobility of the ultra-high-net-worth individuals and the shifting financial centers globally. While traditional routes like New York to London remain popular, new destinations indicate where wealth is moving. The overall number of private jet flights rose to 3.9 million, a 4.6% increase from the previous year. Future travel patterns may be influenced by geopolitical events, such as the war in Iran, affecting Middle Eastern travel.
Read at www.businessinsider.com
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