Financial Times FT.com

Private air travel goes full throttle

By Kevin Done, Aerospace Correspondent

Published: May 22 2007 11:43 | Last updated: May 22 2007 11:43

The popularity of executive jets has never been stronger, with demand at a record level driven by strong economic growth, rising corporate profits and the soaring bonuses of high earners in particular in the financial sector.

The business jetmakers are reporting full order books, and would-be buyers of the most sought-after aircraft face a wait of at least a couple of years to take delivery. Wider access to business aviation is being opened up by the development of so-called very light jets with operators emerging to pioneer new business models for air taxi services.

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