Private Jet Demand Soars

Weak dollar, high oil prices fuel surge
By Caroline Zimmerman,  Newser User
Posted Sep 24, 2007 1:39 PM CDT
An Air Malta car rides past French businessman Vincent Bollore's private jet, on the tarmac of Malta international airport, outside Gzira on the northeastern coast of Malta, a Mediterranean archipelago,...   (Associated Press)
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(Newser) – The demand for private business jets is sky-high, with international buyers taking advantage of the weak dollar to propel a projection-beating trend expected to last at least a decade, MarketWatch reports. "Domestic demand is solid but it's not showing the type of growth rates going on outside the US," says one executive.

Between now and 2017, 14,000 private aircraft worth $223 billion will be delivered, according to a survey by aerospace contractor Honeywell. Barriers to entry are falling, too: Once the exclusive province business travelers, private charters are attracting leisure passengers as well. But a possible stumbling block is increased air traffic in already-clogged zones.