Private Jets vs Commercial Planes
The airline sector has been hit hard by quarantine rules and border closures, with UK airline Flybe crashing into bankruptcy and experts predicting others will follow.
The International Air Transport Association said Thursday that up to $200 billion is needed to rescue the global industry.
US airlines have sought more than $50 billion in government assistance in recent days, with one top US official saying the outbreak poses a bigger threat to the commercial industry than the September 11 attacks.
In contrast, private jet charter companies are seeing demand soar.
Wealthy customers are seeking to distance themselves from the “unknown” travel histories of fellow passengers, said Daniel Tang, from Hong Kong-based charter company MayJets.
US-based Paramount Business Jets has seen inquiries go “through the roof”, its chief executive Richard Zaher said.
Queries have risen 400 percent and bookings are up 20-25 per cent.