Confidence in the economy and business led by President Donald Trump’s approach to commerce is powering a spike in interest in pre-owned private jets, according to Daniel Jennings, President of The Private Jet Company (TPJC).
Business aviation continued its growth in 2016, according to ARGUS TraqPAK. Total business private aviation flights increased to 2,948,708 in 2016 from 2,858,445 in 2015, a 3.2% gain. Flight activity grew in 11 of 12 month during the year. The biggest increase was in large cabin planes with a 6% jump. Gulfstream G-IV airplanes saw the largest increase.