{"id":554843,"date":"2021-11-16T13:49:30","date_gmt":"2021-11-16T13:49:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/private-jet-flights-are-way-expensive-these-days\/"},"modified":"2021-11-16T13:49:30","modified_gmt":"2021-11-16T13:49:30","slug":"private-jet-flights-are-way-expensive-these-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/private-jet-flights-are-way-expensive-these-days\/","title":{"rendered":"Private jet flights are way expensive these days +"},"content":{"rendered":"

Bn\u2019aires may have to (gasp) fly commercial<\/strong>, with \u201cdistressed buyers\u201d reportedly paying above the asking price for private jets as inventories hit an all-time low, one industry analyst told the Financial Times<\/a>. The partial resumption of scheduled flights has propelled an increased turn by the super rich to private jets,with upwards of 4.2 mn private jet flights recorded this year by aviation data provider WingX, and flights in the first week of November recording a 54% y-o-y rise. Demand for private jets has soared among wealthy travelers, with the president of Airbus\u2019 private jet arm reporting that the first available delivery slot for one model of its aircraft was early 2024 \u2014 a statement echoed by another private jet company executive.<\/p>\n

Our thoughts and prayers go out to them as they accelerate the climate apocalypse:<\/strong> Private jets are 5 to 14 times more polluting than commercial aviation per passenger, according to the European Federation for Transport and Environment<\/a>, which estimates that a shocking 1% of people cause 50% of global aviation emissions.<\/p>\n

After <\/strong>Parasite<\/a><\/strong> and <\/strong>Squid Game<\/a><\/strong>, Korean producers are chasing the next <\/strong>homegrown smash hit. <\/strong>South Korean conglomerate CJ Group will invest USD 4.2 bn in content production over the next five years, Bloomberg<\/a> reports. The group, which had a hand in Oscar-awarded film Parasite<\/a>, is betting big on Korean pop culture on the back of successes from superstar K-pop band BTS<\/a> to the global TV event that was Netflix\u2019s Squid Game.<\/p>\n

More firms are \u201cjumping into the industry\u201d<\/strong> as entertainment emerges as a new growth area, the head of a Seoul-based corporate research firm told the newswire. While still modest compared to those of the US or China, foreign revenues from South Korean content increased 6.3% to hit USD 10.8 bn<\/a> in 2020, topping agricultural products, cosmetics and household appliances. The boom in Korean content is also moving the markets, with the shares of a handful of film and music production companies up by double digits this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bn\u2019aires may have to (gasp) fly commercial, with \u201cdistressed buyers\u201d reportedly paying above the asking price for private jets as inventories hit an all-time low, one industry analyst told the Financial Times. The partial resumption of scheduled flights has propelled an increased turn by the super rich to private jets,with upwards of 4.2 mn private […]<\/p>\n","protected":false},"author":1,"featured_media":554844,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[3172,528,147,633,667,638,414,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-airbus","tag-aviation","tag-climate-change","tag-enterprisepm","tag-film","tag-for-your-commute","tag-south-korea","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"5f777540-c6ba-4b4f-b930-b191609460f7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/149.jpg","photo_position":"above","related_issue":[554839],"teaser":"","voice_url":""},"yoast_head":"\nPrivate jet flights are way expensive these days + - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/private-jet-flights-are-way-expensive-these-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private jet flights are way expensive these days +\" \/>\n<meta property=\"og:description\" content=\"Bn\u2019aires may have to (gasp) fly commercial, with \u201cdistressed buyers\u201d reportedly paying above the asking price for private jets as inventories hit an all-time low, one industry analyst told the Financial Times. 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Climate change has already had a number of effects on agriculture, including in Europe, which is seeing smaller harvests and higher production costs. Dutch farmer Hendrik Jan ten Cate told theFinancial Times he sees only one option\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/624.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585678,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/osman-zarkani-executive-flights-director-at-zas-air\/","url_meta":{"origin":554843,"position":2},"title":"Osman Zarkani, executive flights director at ZAS Air","author":"enterpriseam admin","date":"27 April 2023","format":false,"excerpt":"The private aviation director talks luxury jets, investing, and self-awareness","rel":"","context":"In "My Morning Routine"","block_context":{"text":"My Morning Routine","link":"https:\/\/enterpriseam.com\/egypt\/my-morning-routine\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/882.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595053,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/15\/civil-aviation-ministry-requests-manufacturing-airbus-planes-or-parts\/","url_meta":{"origin":554843,"position":3},"title":"Civil Aviation Ministry requests manufacturing Airbus planes or parts","author":"enterpriseam admin","date":"15 September 2019","format":false,"excerpt":"The Civil Aviation Ministry discussed the possibility of establishing an Airbus factory in Egypt with the CEO of the Airbus Canada partnership, Philippe Balducci, and Executive Vice President and Managing Director of Airbus Middle East, Fouad Attar,according to Al Masry Al Youm. 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