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Why Folks Still See Value in Private Jets

The US government has not spared private jet owners. But 30 percent of them still see value in flying private

Published: Mar 21, 2013 06:38:36 AM IST
Updated: Mar 15, 2013 12:47:45 PM IST
Why Folks Still See Value in Private Jets
Image: Getty Images

President Obama recently called for the elimination of “tax breaks for private jet owners”, painting anyone who doesn’t cram themselves into 28 inches of economy leg-room as a fat-cat wastrel. Easy to say when your ride is Air Force One. But plenty of folks see the value in fl ying private: 30 percent of private jet owners say they’ll purchase a new jet in the next five years, and more than 10,000 new business jets are expected to be delivered over the next decade, at a cumulative value of $ 250 billion.

Why Folks Still See Value in Private Jets
  Why Folks Still See Value in Private Jets

Images: Winfrey: Andrew Kelly / Reuters; Chan: Aly Song / Reuters; Jay-Z: Mario Anzuoni / Reuters; Cruise: Mario Anzuoni / Reuters; Buff ett: Jemal Countess / Getty Images; Travolta: Tim Chong / Reuters; San Francisco: Getty Images; Super Bowl: Getty Images; Airport: Andy Holzman / Los Angeles Daily News / Newscom; Airbus A380: Keith Draycott / Getty Images; Moon: Ros Roberts / Getty Images; Clock: Getty Images

(This story appears in the 22 March, 2013 issue of Forbes India. To visit our Archives, click here.)

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