A boom in private jet sales is being fuelled by demand from rich youngsters.
Jetcraft, which specialises in selling pre-owned private planes, said buyers under 45 accounted for 27 per cent of its sales – up from 7 per cent in 2017.
Younger tycoons switched to private jets in the pandemic to avoid infection, Jetcraft said.
Jet set: Jetcraft said younger jet setters – influenced by the likes of Kylie Jenner (pictured), who has been criticised for her use of private jets – were also opting for larger aircraft
But many flyers had found it ‘hard to go back’.
It said younger jet setters – influenced by the likes of Kylie Jenner, who has been criticised for her use of private jets – were also opting for larger aircraft with an average price of £23m, 31 per cent more than older buyers.
Chief executive Chad Anderson said Jetcraft saw the UK as a ‘thriving hub’ for private aircraft.
His comments come after industry executives at the Monaco Yacht Show described the ‘insatiable demand’ for luxury boats.
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