This business is for the weak: the private jets took off with the corona

The corona that nearly wiped out the global aviation industry has created an unprecedented demand for private flights, with aircraft being sold at prices 2 and 3 times more than two years ago and also an ecological challenge of private flights in an environmentally conscious world

Keenan Cohen

13/03/2022

Sunday, 13 March 2022, 17:24 Updated: Monday, 14 March 2022, 09:24

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While buyers of new and used private cars are amazed at the rising prices of vehicles, when it comes to the world of private aviation - the crème de la crème of the world's rich - the large numbers that this industry is rolling out put everything in proportion.

"Demand is skyrocketing," he tells Walla!

specializes in the purchase, sale and management of private aircraft fleets worldwide.

"Compared to the period before the Corona, when about 14.5% of the world's private aircraft fleet stood at about 22,000 aircraft for sale, today it is only 3%. The situation is so extreme that today almost every plane and even old models that used to be very difficult to get rid of "They are being refurbished today and are being sold at a price of 2 or 3 times their price two years ago."

And when it comes to the prices of private jets, it's the price segment that is deep in the realm of the wildest demon.

For example, the price of the Falcon X10 aircraft made by the French Dassault, which appears in the attached photos and has not yet entered serial production, is expected to start at $ 74 million.

The current Falcon X8 starts at $ 62 million.

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The cockpit in the Falcon X10 aircraft.

Give $ 74 million, before additions - and it's yours (Photo: Dassault)

Unsurprisingly, even in this market, the same basic forces of supply, demand and supply are operating that are causing the insane jump in demand.

Here, it is a combination of the reduction in the production volumes of the aircraft companies that went through waves of layoffs and downtime periods during the corona period.

The second component in this story is the instability that commercial aviation has undergone in the last two years followed by a reduction in airlines.

A situation that has led businessmen and companies to see the price component of this type of transportation as less important in the set of considerations.

And in the words "price component" - to get proportions - when it comes to flying to popular destinations like Frankfurt, Zurich or London, the price of a one-way flight is $ 32,000 on a small plane such as the Hawker 800 and $ 45,000 for a large Challenger.

As mentioned, in one direction, but hey, you can choose a seat ...

In addition to all these, the private flight reduces the fear of infection as well as the awkwardness added to the commercial flights in the bureaucratic aspect.

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Inside the Falcon X10 (Photo: Dassault)

The plane in the garage

While in the automotive world, price increases are due to rising demand and difficulty in producing the cars due to the chip crisis, according to Peleg in the aviation world this story concerns not the production of aircraft, but the aspect of their maintenance.

" Damage

to executive planes is only marginal and is mainly due to the fact that existing planes simply fly much more.

"We are sometimes in short supply and it is not uncommon to see a plane that costs millions grounded while waiting for a part that costs tens of dollars."

I wonder if they have in the fridge such small fives of planes.

The kitchen on the Falcon X10 (Photo: Dassault)

Israel Empire

In Israel, too, which is by the way one of the countries with the highest number of executive jets in relation to the population, this demand is rising.

And surprisingly, given the size of the country, these are actually medium and large planes, due to the fact that Israel is an "island" country with very few major destinations within a range of 1,000 miles from it.

According to Peleg, in the Israeli market most of the planes are privately owned and are used by the plane owner, his family and guests.

The rest of the tools are owned by companies from which the aircraft can be rented for spot use.

Here you will not be asked "window or passage".

Bedroom inside the Falcon X10 (Photo: Dassault)

"Miracle on the Hudson" arrives at Ben Gurion Airport

The rising demand has led JETSETTER to hold an international private aviation conference in Israel, which will be held on March 15-16, will host leading companies in the field of aviation and will include a display of private jets at Ben Gurion Airport - and the next day a conference attended by senior executives and special guests US Airways made a rape landing in the Hudson River in 2009 after birds hit the plane's engine. In a

landing that is considered one of the most marvelous in the world of civil aviation and won him praise

. According to Peleg, there is a huge shortage of infrastructure for handling aircraft in Israel, a shortage of inspection centers (the aircraft garage) and a sweeping preference of the authorities for commercial aviation over the private one.

On the side of opportunities in the field he notes that: "I recognize the opportunities in combining a growing economy, cheap and available money along with getting out of the corona and back to normal life. "It is necessary to integrate into the global business world, especially for companies and organizations that do not want to be dependent on the network of destinations and the limited availability of commercial airlines."

Gal Peleg, owner of JETSETTER, a company that specializes in the purchase, sale and management of private aircraft fleets worldwide (Photo: PR)

Polluting the air, but stimulating the economy

And as can be understood from his answer also to the point raised in the conversation about the "contribution" of the use of private jets to the problem of air pollution, he is not afraid to address.

"Aircraft, including executive jets, will continue to contribute to carbon emissions in the coming years," but his justification for this use lies in a different angle of this industry. The areas where there is active activity by executive jets. "

More details about the conference, list of exhibitors and participation on the Jesetter |

TLV BAC (jetsetter.aero)

• Of money

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• private plane

• Corona