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Two views on Private Jet Recovery

In the United States, private aviation flights have now risen back to just over 80% of where they were during the summer of 2019, according to Argus. In Europe, August flights were actually 3% ahead of last year's figures, WingX data show. Pent-up requirements, they say. This is incredibly good news, at least compared to the rest of the travel industry. American Hotel & Lodging Associate reports that city hotels in the United States work with 38% occupancy. In Europe, hotel occupancy was 26.5% in July, according to STR data. Can the private jet market sustain its recovery on leisure…

Why young billionaires are looking for bigger private jets than ever before

A private jet available via PrivateFlyFacebook: @PrivateFly We may still be in the middle of a pandemic, but it seems that the super-rich are still investing in luxury aircraft, especially aircraft with engines large enough to enable them to travel transatlantic without the need for stopovers.According to The Telegraph, there has been an increase in younger billionaires seeking larger, far-reaching ones private jets. Jetcraft Owner Jahid Fazal-Karim told the newspaper: 'If you're a technical entrepreneur or CEO who's been successful at a young age, you're more likely to buy a large jet because it fits your lifestyle and the global…

Billionaire Sawiris is stepping up his private jet effort in the midst of the takeover battle

Photographer: Stephen Yang / Bloomberg Photographer: Stephen Yang / Bloomberg Egyptian billionaire Nassef Sawiris increased his bet on the private jet industry and accumulated additional shares in Signature Aviation Plc in the middle of a takeover battle for the company.NNS, the investment vehicle in Sawiris, bought 2.14 million shares of London-listed Signature Aviation at 405.36 pence ($ 5.47) a piece on January 8, according to a law archiving on Monday. The acquisition brought NNS's share up to 7.41% of the company from 7.16%. Blackstone Group Inc. said last week that it teamed up with billionaire Bill Gates on a potential…

Unemployment makes it harder to qualify for, refinance mortgage

Record increases in unemployment claims are creating major roadblocks for consumers who thought they would like to save money by catching a lower mortgage rate. Maybe you thought you might even refinance the mortgage to grab some cash now by taking out some capital built up as your home has grown? Maybe you look at your house like a piggy bank after losing a job during the coronavirus pandemic?It's a thought, but it's a strategy that is unlikely to work. "For people who are unemployed, it will be more difficult to qualify for a mortgage at this time," said Bill…

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