European private jet demand soars as rich avoid travel chaos

(ZEROHEDGE) – Strikes and pilot shortages forced airlines to cancel thousands of flights at major European airports. The chaos of flight disruptions boosted private jet use among the wealthiest this summer, who jumped on a Gulfstream G550, Cessna Citation X, and or Bombardier Challenger 350 to avoid any hiccup of arriving late to their destination.

Bloomberg reported private jet use soared by almost a third in recent months compared to pre-pandemic levels. Airport capacity from Ibiza to Mykonos was stretched thin as European politicians proposed regulating or even banning private jet flights after a summer of record-breaking heat.

Ironically, despite all the chatter about climate change, London logged the most private jet flights in July (12,000). Naples, Amsterdam, and Berlin saw the most significant increases in private jet traffic in July versus pre-pandemic levels.

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