You are here
Demand for private jet travel rises amid virus outbreak
WITH commercial airlines engulfed by the maelstrom of the novel coronavirus pandemic, one sector of the industry favoured by the wealthy is thriving: private jets.
Fears of massive bankruptcies and calls for emergency bailouts have swept global carriers in recent days, with one top US official warning that the outbreak threatens the industry even more than the Sept 11 attacks.
But for Richard Zaher, the chief executive of a US-based private jet charter company, the e-mails and phone calls just keep coming.
"Inquiries have gone through the roof," he said. His company Paramount Business Jets had seen a 400 per cent increase in queries, with bookings up roughly 20 to 25 per cent.
"We are seeing our regular private jet clients flying as they normally do. However, we have this surge of clients coming our way and the majority of them have never flown private," he added.
ForwardKeys, a travel analytics company, estimates as many as 3.3 million seats on trans-Atlantic flights alone are disappearing.
Mr Zaher said many new bookings were from clients who had emergencies and either could not find seats on commercial routes or did not want to risk taking commercial flights.
One recent booking involved a woman who flew her elderly mother across the United States. "Her mum was on oxygen and needed to be flown coast to coast," Mr Zaher said. "They felt it was necessary to pay a premium in order to avoid flying commercial and to be together during this uncertain time."
Costs vary hugely depending on the aircraft, region, number of passengers and duration of the flight.
A round-trip charter on a 12-seater plane from London to New York can be around US$150,000. Hong Kong to Japan costs around US$71,000 one-way. But booking a private flight from the UK to the south of France can set you back just over US$10,000.
In Asia, charter companies have noticed a sustained increase in the number of new customers in the last two months, as people who had fled the virus in January returned in March from places now experiencing their own epidemics.
A spokesman for Air Charter Service in Hong Kong said they had seen a 70 per cent increase in fixed bookings from the financial hub, Shanghai, and Beijing in January and February, and had recorded a 170 per cent jump in new customers during the same period.
"It is the kind of people who are wealthy enough but who would not necessarily charter, who are maybe chartering as a one-off," said James Royds-Jones, Air Charter Service's director of executive jets for the Asia-Pacific.
One recent job involved a family moving from Hong Kong to Chiang Mai in Thailand. "People are just trying to almost pack their house into a private jet," he said. "Also relocating, I guess the one good thing about the private jet side of things. You can have your pets with you."
Daniel Tang of Hong Kong-based charter company MayJets said he was receiving five times the number of enquiries than normal and three times more bookings since the outbreak began.
Clients were choosing to charter because they did not want to be confined with hundreds of people with "unknown" travel histories, and noted that private passengers usually cleared customs and immigration separate from the crowded main airport terminals.
But he said that the increasingly restrictive travel conditions - with many countries requiring European Union nationals to quarantine, if not banning them from entry entirely - would ultimately impact private travel. AFP