“You are not rich until you can fly on a private jet without posting a picture.”
For many of us who grew up in the 80s, 90s, and early 2000s, private jets were limited to business families in Bollywood films and spies in Hollywood thrillers. We would read columns of lifestyle and entertainment magazines and occasionally spot celebrities leaving for their not-so-secret holidays in extravagant private jets. Up until a few years ago, we would look at pictures of private jets without ever thinking that we would be able to see one in real life.
But just in a span of years, things are rapidly changing. We are getting richer and our pockets are growing bigger (just figuratively, since a lot of women still demand bigger pockets in their outfits). Knight Frank’s The Wealth Report 2018 says that the number of ultra-wealthy (individuals with a net value of more than $50 million) will grow 43% between 2017 and 2022. It is also important to note that while the number of wealthy individuals is increasing, their average age is decreasing. In 2018, billionaires under the age of 40 on Forbes’ list of the world’s richest increased to 63 from 56 individuals the year before.
The era of private jet rental
But it’s not just billionaires who can rent private jets. With an increase in demand for private jet rentals and with more and more companies developing them, the cost of private jet rentals has now decreased as well. It is still a premium experience, for obvious reasons, but a lot more people can afford to travel in private jets as opposed to suffering the hassles of commercial air travel.
With the rise of influencer culture, and the mini-stardom that Instagram celebrities and Youtubers get, more and more of these people, many of whom are barely 30 years old, are now demanding private jet rentals. As more and more individuals living on their own, becoming financially independent, and raking in millions every year, the demand for premium products and services just keeps on increasing.
With the developments that 2020 has thrown at us, the demand for safety and hygiene is higher than ever. People no longer want to use public transport or stay in hostels and dorms. They want exclusivity, they want safety and they want their health to be a priority. In this scenario, renting a private jet is so much better than opting for a commercial flight where you have to stand in long queues with hundreds of people, sitting with strangers and going through the tedious ordeal of an economy flight.
When you rent a private jet, you no longer have to arrive hours before the flight or stand in line till your turn comes. You don’t have to endure sub-par food and worry about getting disturbed by noisy co-passengers. On a private jet, you experience world-class service. A lot of private jet rentals also allow you to bring your pets, which is a huge advantage for families who want to travel with their pets!
Productivity trumps all
For business travelers, private jets ensure that you have the time and luxury to be able to work at ease. A General Aviation Manufacturers Association (GAMA) report in Canada found that corporate jet charter passengers on average spent two-thirds of their time working during a flight while one-third of the time they spent engaging with colleagues or customers. It was also seen that 52% of the business aviation flights they took allowed them to keep business schedules that could not be met efficiently using scheduled airlines, or other types of transportation.
In India, the economy and businesses are functioning as they were, but we still need to exercise caution. However, that doesn’t mean we stop traveling for work, celebrating or taking vacations. It just means that we invest in our own safety and our own exclusivity. With a private jet, you can fly with your immediate family for an intimate destination wedding. With a private jet, you can plan your BFF’s bachelorette trip. You can fly to another city for that big business meeting with your team when you rent a private jet. All of this, without worrying about anything. As easy as saying ‘Jet, Set, Go’.
At Hype, luxury, exclusivity, and safety are our priorities. Hype launches its private jet rental so that you can travel with your loved ones and give them the opulence they deserve. Contact us for any weddings, holiday needs, custom corporate travel plans, or long-term jet rentals.
At Hype, we care more, so that you can remain carefree. Fasten your seatbelts, your flight to luxury is about to take off.