Monday , June 21 2021
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The great private jet shortage?

Summary:
As we have written about a couple of times recently, used cars are currently mooning because of a combination of pent-up demand and supply-chain disruption. And it turns out that automobiles aren’t the only used vehicles that are in short supply: the number of second-hard private jets for sale is also at an all-time low. According to the International Aircraft Dealers Association (IADA), just 1,130 — about 5 per cent of the world’s fleet — of private jets are currently for sale. That’s less than half of what is normally available, we’re told, and compares with about 17 per cent during the financial crisis. And when it comes to the less rusty ones — which we imagine the ESG set who use them to fly between climate change conferences would prefer due to considerations for

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