The volatility of the market and geopolitical tensions have not slowed the demand for private jets, although the travel models of the rich change, according to the president of Netjets. The summer travel season promises to be another strong year for Netjet, with rich Americans traveling to the United States and Europe, Netjets president Patrick Gallagher told CNBC. “Regarding what we see in future demand, there was really no sign of slowdown, even in this period of volatility and uncertainty and market rate,” said Gallagher. “We are looking at all the main indicators very closely: how much our existing customers are flying? Do they give us less notice to reserve a flight? Or do they still reserve with normal travel models? Are they in various places? Is trip to Europe this summer compared to last year? Gallagher declared that he saw a slowdown in Europeans reserving netjet to come to the United States, he said that” the sales cycles Little longer “, in the spring, while pricing concerns culminated. It is also too early to say if the Middle East conflict will have an impact on travel. However, overall, the economic and market turbulence of April and may have quickly appeased and prepared the way for a summer and in the fall solid. Although the overall demand for private jet has been slightly cooled since It remains well above the 2019 levels. According to private comparisons of jet card, the United States has seen more than 3 million private jet flights in 2024, against 3.1 in 2023, marking a drop of 1%. Berkshire Hathaway, made more than 500,000 flights last year with 13,600 owners, said Gallagher. Gallagher. knot. [Arizona]who become very busy all year round. You see less, this request from top to bottom. We have seen increases in places like Austin, Texas; Nashville; Columbus, Ohio. All these cities have grown up a lot in recent years and have climbed on a scale in terms of place of classification. Meanwhile, we saw her lose ground from the point of view of traffic. We have seen San Diego losing traffic. “The Bay region is probably” our largest market area measured by the percentage of flight jets flights leaving. Particularly outside San Jose. “International, Gallagher said he sees a strong continuous demand for Americans heading to Europe or even flying in Europe.” One of the things that people love about Netjets is that I can have a plane part here, and maybe I was flying commercially, but I can then use Netjet to jump between Gentil and London and it is therefore a big advantage of our program, it is to people the ability to do it. We believe that we will establish new records there this summer. “However, he said” we have certainly seen a change in Europeans flying in the United States “, with slower traffic.” was called last year for taking 98 flights on his Dassault Falcon 7X. Aircraft, and they have no idea, no way to follow that is on board. “The most popular food order on a private jet while some owners receive the delivery of their favorite restaurants or chefs, serving hot meals or fantasy holidays on a private jet can be complicated, given the need to refrigerate and warm food and keep them at safe temperatures. Netjetters often prefer our plane or keep it basic.” Rawy, “said Gallagher.” Or it is a charcuterie board, they are sliced fruit trays. “With the Restoration, Netjets has evolved” towards simplicity and consistency so that we can ensure a coherent experience aboard the plane, “he said.” The milking is not as easy as you might think. “The pairs of wines are expertise. The farm, the famous Tennessee Foodie Resort. Added. We must in fact make planes from these places at night, simply because there is no room to park them,” he said. “And therefore, we are actively pursuing a certain number of different real estate projects throughout the country – frankly, everywhere in the world – to ensure that we have the ability to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around, and we have to move around and we have to move around, Can control as many flexible ramps and hangar as we can through our partners. The consumer of sustainable aviation fuel within our industry, and frankly, compared to the global tiny part of the global jet fuel that we consume, “he said.” We also offer carbon compensation programs to our customers, so that they can choose to buy them if they wish. “On jet pet, we choose 25,000 Netjets animals,” said Gallagher. Although it was mainly dogs and cats “, we piloted parrots. We stole potted stomach pigs,” he noted.
