Interest in Private Jets is At Its Highest Since Before the Financial Crisis
The election of President Donald Trump has boosted business and consumer confidence in a number of market segments, specifically in the private jet industry. With the discussions surrounding President Trump's private jet nicknamed, Trump Force One, and whether it should be used during his presidency, has many experts wondering is a plane hangar is in the future for many would-be jet owners.
Many industry professionals are comparing the economic feasibility of Trump Force One's use to that of the actual Air Force One, speculating on which of the two planes the president will use for his travels. One unexpected, but positive result from this media attention however is that jets are being slated to become one of the top selling items in 2017; a driving factor for personal ownership being a stronger global economy, new technology and growth in the fuel sector.
Another highlight that appears to be pushing private jet purchases is that while still considered a luxury item of the elite, costs for plane ownership are actually becoming more affordable. With jets now available in all sizes and offering a host of features, a costly Boeing 757 is not necessarily the standard. There are also a number of technology developments making business and personal aviation more accessible to a wider variety of clients. Read More …
A Plane Hangar Should Be Your Next Investment
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