Arab Today, arab today no longer just for celebs hop on a private jet for €550
Last Updated : GMT 18:11:18
Arab Today, arab today
Arab Today, arab today

No longer just for celebs: Hop on a private jet for €550

Arab Today, arab today

Arab Today, arab today No longer just for celebs: Hop on a private jet for €550

Paris - AFP

Once the preserve of the ultra-rich and celebrities, a flight on a private jet is now available for as little as 550 euros an hour, with technology and competition helping to bring down sky-high prices. A growing number of firms offering such flights have emerged in recent years, some employing online facilities to match global demand, thereby improving fleet efficiency and contributing to cheaper flights. Adam Twidell, chief executive and founder of PrivateFly, said there are more than 500 operators and over 2,500 individual aircraft in the European charter market alone, yet "over 30 percent of flights are flying empty, repositioning for their next charter". His company has been seeking to reduce these empty flights by going online to match demand. Beyond the usual service of offering chartered jet flights, PrivateFly lists on its website what is known as "empty legs" -- a trip from a certain destination at a fixed date, but at a price that can be as much as 75 percent lower than regular rates. The price listed for a "empty leg" flight on a 7-seater from Bristol to Cannes is 3,630 pounds, less than half the regular price of 8,730 euros, according to the website. "When we launched in 2008, many people told me that people would never book a private jet online, but I'm pleased to say that we have disproved this many many times over," said Twidell. In one single app booking last year, a client booked an itinerary worth $500,000 in Europe, which Twidell said demonstrated clients are comfortable using technology that provides them benefits. "Technology is playing a key role in matching supply and demand, driving more efficiency and giving the customer more transparency and greater cost-effectiveness -- this is very important to today's private jet user and mirrors what has already happened in other travel sectors, such as airlines, hotels and car hire," he added. WiJet is meanwhile positioning itself as an "taxijet airline". It has recently signed a deal with Air France to fly first class passengers to their final destination. The four-seater Citation Mustang used for such hops are going at 2,200 euros per flight hour -- or 550 euros per passenger. Warren Buffett's NetJets was the first to see an opportunity in the niche market, offering partial plane ownership to those who do not want to buy a jet outright. Launched in 1986, the company now has 700 planes in service, making it "the biggest fleet in the world, commercial airlines included", it said. Some 3,700 people are partial owners and 3,900 others in the United States and Europe are holders of cards that entitle them to a certain number of flight hours every year. Clement Lauriot-Prevost, NetJets associate director for Europe, said his company is not only a cost effective solution but also makes sense operations wise. "A plane is immobilised between one and three months a year for maintenance. When a plane has broken down, there is no other solution unless one owns a second plane," he said. Olivier Villa, director of programmes for French aircraft maker Dassault Aviation, meanwhile said the concept of partial ownership also allows "new clients to access business aviation and to appreciate its benefits before moving towards acquisition of full ownership." Aircraft makers are smiling as the trend to popularise jets grows. Jean-Christophe Gallagher, Bombardier's vice president for marketing of commercial aviation, said it translates to far greater sales for aircraft makers. After all, an individual client would likely buy just one jet whereas such chartered flight companies would order dozens at a shot. In November 2012 for instance, VistaJet ordered 56 aircraft from Bombardier at a cost of $3.1 billion. That order came after the Canadian aircraft manufacturer signed a deal to sell 100 planes to NetJets for $2.3 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today no longer just for celebs hop on a private jet for €550 Arab Today, arab today no longer just for celebs hop on a private jet for €550

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today no longer just for celebs hop on a private jet for €550 Arab Today, arab today no longer just for celebs hop on a private jet for €550

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday