Private jet traffic to the Hamptons and Aspen is booming as the rich flee big cities

The coronavirus pandemic is redrawing the flight patterns of America’s non-public jets, as airports in resort cities see big jumps in traffic whereas flights close to cities decline, in accordance to a brand new report.

Private jet flights at Francis S. Gabreski Airport in Westhampton, New York, surged 172% in October, in accordance to information from Tuvoli, an internet funds platform for jets, compiled by Private Jet Card Comparisons. Flights at Aspen Airport in Aspen, Colorado rose 135% and flights at Vail have been up 95%.

By distinction, non-public jet traffic at New Jersey’s Teterboro Airport — typically the busiest non-public jet hub in the nation because it is utilized by the rich flying to New York City — plunged 52% in October. Private jet flights at Westchester, one other well-liked airport for New York City, additionally fell, by 31%.

Private jet flights at Chicago’s Midway Airport fell 47%, whereas flights at Washington Dulles — usually the second-busiest non-public jet airport in the nation — noticed flights drop by 48%.

“It’s further proof that instead of of being at their Park Avenue apartments, the wealthy are in the Hamptons or Aspen,” mentioned Doug Gollan, founding father of Private Jet Card Comparisons.

The sample was comparable in cities and resorts throughout the U.S., as the rich fled New York City, San Francisco and different big cities for his or her resort houses. At the similar time, enterprise journey on non-public jets has just about disappeared, which suggests fewer flights to main enterprise hubs.

Private jet corporations have seen sturdy development in new prospects for leisure flights throughout the pandemic as the rich — particularly older fliers — keep away from industrial flights for well being causes and favor the extra managed setting of personal jet terminals and their very own planes.

Gollan mentioned high CEOs and enterprise house owners are additionally conducting enterprise conferences at their houses, which has redirected typical enterprise jet traffic.

“Instead of having a meeting in their office, a CEO will have a team fly to their home in the Hamptons or Aspen and have the meeting there,” he mentioned.

Airports in Nantucket, Massachusetts noticed a 28% improve in October, whereas close by Martha’s Vineyard noticed a 19% soar.

As for whether or not the non-public jet map is completely modified by the rich’s new work-from-mansion mannequin, Gollan mentioned, it is unclear.

“There is going to be a direct correlation between Covid and the pace at which big offices reopen or don’t open,” he mentioned.

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