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
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.
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.)
