Private Jets Return to Skies After Recessionary Layovers

Tuesday, 07 Jun 2011 11:19 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Private jet-setters, start your engines. That’s the flight plan at some airports, where private jets that had been mothballed partly because of the recession are rolling out of hangars and queuing up on the tarmac.

Private Jets, airports, traffic, travelAlthough private jets are joining their commercial cousins in the air again, private traffic still lags behind its high points, according to USA Today. "We are not back to late '07, early '08 levels, but we're really off the bottom of where we were," says Lou Seno, president and CEO of JSSI, a company that sets up maintenance for hundreds of corporate aircraft.

"In the fall of 2008, following the decline of the financial markets . . . flying literally fell off the charts, and because of the economy and everything else, it has been slow to recover,” Seno told USA Today. “But the recovery we're seeing has been encouraging."

Seno’s company noticed an 11.4 percent increase in flight hours during the first three months of this year compared with the same period last year. In April, flying time among JSSI roughly 1,300 customers increased 7 percent compared with April 2010.

Those stats are similar to those at other companies, analysts told USA Today

Private flying has been increasing since March 2009, when business jets’ departures and landings had plummeted 35 percent from their peak in April 2008, industry analyst Brian Foley said. It's now down about 10 percent from that high point, he said.

Some private jet businesses, such as charter operators and fuel providers, are doing better, but aircraft manufacturers still are grounded, Foley told USA Today.

And Dan Hubbard, spokesman for the National Business Aviation Association, told USA Today: "I think business aviation is looking like the broader economy. You're seeing some indications that [give] you reason for cautious optimism, but [there's] a lot of mixed signals."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Joe Scarborough Denies Lobbying Hard for 'Meet the Press' Job

Thursday, 24 Jul 2014 23:07 PM

MSNBC's Joe Scarborough denied reports Thursday that he and his Morning Joe co-host Mika Brzezinski have been "aggress . . .

Laura Ingraham: Rand Paul Closest to Americans on Foreign Policy

Thursday, 24 Jul 2014 21:43 PM

Kentucky Sen. Rand Paul, accused of being an isolationist by some fellow Republicans, is actually more in step with the  . . .

Legal Analyst Coffey: Ariz. Execution Won't Affect Death Penalty

Thursday, 24 Jul 2014 20:22 PM

Don't expect Arizona's controversial execution of Joseph Rudolph Wood to put a damper on the death penalty, veteran lega . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved