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Business is booming - financing corporate jets
01 March 2008
Travelling on a passenger aircraft has become a toil for some people in these environmentally and security-conscience times. No wonder business jets are enjoying record sales. Will Roberts reports.
Read more:
corporate jets
very light jets
Hogan & Hartson
Bank of America
GafCo
After removing a sizeable chunk of clothing, being unceremoniously searched by a burly security guard and having your bottle of shampoo almost forensically tested, one might assume you were entering a maximum security prison. But no, this is a routine security check awaiting the long-suffering businessman flying commercial at any airport around the world.
In a parallel universe, however, travellers are enjoying 15-minute check-ins, champagne and complete privacy. Sound familiar? This preferred option is known as business jet travel, which is seeing an increase in passenger numbers and more attention from financiers.
The form of travel defies classification because it encompasses so many different models – including long-haul business airlines, chartered airlines, fractionals, commercial subsidiaries and very light jets (VLJs) or corporate jets.
In this competitive environment, start-ups face hostile conditions. But these new business models have ushered in a new and exciting chapter in aviation. With manufacturers delivering record numbers...
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