When we think of private jets, we imagine businessmen, superstars, government officials and industrialists. Private jets certainly are a symbol of luxury and grandeur.
But for many businesses it is more of a necessity than you can imagine. Do you know what kind of businesses use private jets most frequently? The business and finance industry might be your top bet, and you are not too far off. Read on to find out more about these businesses.
1. Small Businesses
In 2018, The National Business Aviation Association which promotes the use of private jet charters carried out an analytical report that looked into the types of businesses that use private jets to travel and found that companies with over 500 employees accounted for over 70% of American private flights for businesses.
As the size of companies grow, the use of private jets for travel significantly decreases. Larger companies with 5,000 or more employees only accounted for 17% of private business flights.
2. Fortune 500 Companies
Fortune 500 companies are defined as the largest 500 American companies based on the revenue they generate. It shouldn’t come as a surprise to anyone that fortune 500 companies appear on this list. However, it’s interesting to know why these companies use private aviation so much.
The main reason behind this is their business model which wasn’t created overnight but took many years of hard work to achieve. They constantly adapt to the new and effective skills to operate efficiently and thus are able to afford private jet travel.
Also, they have the jet card memberships ready for any travel occasions and have an entire department exclusively set up for travel arrangements of the executives.
3. U.S. Government Agencies
Privacy and security is one of the top reasons why people prefer using private jets.
More specifically when we talk about the U.S. government and its agencies, including the FBI and CIA; security is their most important concern.
With private jet services you’re able to be on schedule and work at your own pace. Many other top ranking officials, other than the FBI and CBI, also use private jets for travel. This includes public officials in Washington, D.C. like members of parliament and the President’s Cabinet.
4. Affluent And Adventurous Vacationers
Rich people who take vacations to exotic sites and stay at fanciest 5-star hotels also make it to this list. They also book private jets to travel in nearby locations that are not otherwise accessible (like small islands).
This jet travelling then becomes a requisition and an important part of the overall vacation experience. This ensures that every dream location is accessible to them and they can easily enjoy drinks and food in a non-stop flight.
Of course, the booking companies also use these services themselves to port their executives from one place to another.
5. An Assortment Of Top CEOs
Rounding off this list of top businesses that use private jets for travel are various groups of CEOs and other corporate directors. They generally use the company-provided private charter services for business and leisure purposes.
These CEOs were reported to use between $1 million to $2 million on private charter services in the mid-2010s.
Whether they used self-booked private jets or company fulfilled ones, private jet charters are still a very popular travel option for top CEOs and executives.