New private aviation report reveals preferences of business elite and wealthy fliers

KUALA LUMPUR, March 29 (Bernama) -- VistaJet Ltd and Wealth-X, a leader in wealth information and insight have released the first customer-centric analysis on the private aviation industry - 'The Jet Traveler Report: The Global Perspective on Who Flies Privately and How'.

The report provides unique insight into the profiles of private fliers around the globe, how they fly and what is most important to them, a statement said.

The companies have identified four key findings of the report including, the average wealth of owners (US$1.5 billion) and members (US$ 1.16 billion) is not dissimilar; a widespread move away from full or fractional ownership; the increasing demand for longer trips and larger cabins; and a rise of younger generation of customers in all regions.

According to the report, private aviation is growing but the global ultra high net worth (UHNW) population and the world's fleet are not rising at the same rate which highlights that not everyone who flies privately on a regular basis owns a plane.

Most of the growth comes from an increase in other flying solutions, including membership programs, fractional ownership and on-demand chartering, allowing individuals access to a fleet of private jets at their convenience.

It is also reported that UHNW travelers have been classified into three groups which are the owners, members and the wider audiences of UHNW who use a variety of methods to fly.

"By identifying who these individuals are and understanding how and why they fly, we gain a clear understanding of the choices facing them and the typologies that exist in the market," said director of Wealth-X Custom Research, Winston Chesterfield.

Wealth-X has leveraged its international database of dossiers on UHNW individuals to profile passengers using different methods to fly and the result was included in the report through in-depth interviews with experts, to discover how they travel and why.

The Jet Traveler Report has answered the question of who flies privately and how to identify the key typologies of private flyers and the complete report can be downloaded at vistajet.com/TheJetTravelerReport.

VistaJet is one of the most technologically integrated companies in business aviation and the first and only global private aviation company who offers customers a fully integrated end-to-end service via app and website through its flagship program membership, the statement said.