High end jets sell like hot cakes in Dubai Airshow

Business aviation is forecast to thrive in the next decade, with four to five per cent growth, according to a Honeywell Global Business Aviation report, and $235 billion worth of new executive jet deliveries expected before 2030.

That potential market was clear to see at Dubai Airshow, where some of the latest luxury aircraft were on display.

From the $50 million Aurus business jet, which can be configured into a flying hotel, hospital or sports team transporter, to a share in a $6m HondaJet APMG aircraft, there was something on show for a wide range of budgets.

Purchasers of high-end jets usually fall into three categories, high-net-worth individuals, federal agencies and governments or corporations.

JetClub is a hybrid, co-ownership programme, set to launch in the UAE and GCC after a high-profile staging at the Dubai Airshow.

Clients can purchase a share in a private plane, and in return get to use a jet for a certain number of days a year.

An eighth share of the aircraft will give 35 days of flying time, with a 1,000 nautical mile range if carrying two passengers, and shorter distance if there are more passengers on board.

Private air travel looks set to soar into a new era as the wealthy take to the skies in executive jets for increased privacy and less exposure to others during an ongoing pandemic.