Monday April 6, 2020

Private jet suppliers braced for headwinds as climate crisis ‘flightshaming’ takes hold

25th August, 2019
Prince Harry and Meghan Markle: he has been dubbed the ‘carbon footprince’

Given the ever-swelling ranks of the world’s billionaires, you might have thought the past ten years would have been fabulous for private jet suppliers.

In reality, the period since the great recession has been a lost decade for the industry’s manufacturers, analysts say. A glut of second-hand aircraft sapped demand for new models, while shared ownership and renting became popular alternatives to buying a plane outright. Meanwhile, large corporations that once thought nothing...

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