private jets

After years of growth, private business aviation went into a steep nosedive in 2008. Over the past year, the industry has made a comeback, but does its double-digit growth signal a sunny future for the aircraft industry alone, or is it a sign of brighter days ahead for the economy in general?

Airlines make a lot of their money by selling pricey first-class seats to wealthy travelers. They might need to rethink this strategy, though, in light of a new survey that shows big-ticket travelers are turned off by the quality of the service they receive. According to research by travel-focused...

The general aviation industry, which is made up of private and corporate jet manufacturers, is in an awful fix. The latest? Plane-leasing outfit NetJets just announced it is laying off 5 percent of its staff, or 350 employees, due to "severe economic conditions facing the aviation industry,"...

The graduating class of Duke University this year had the privilege of Oprah giving their commencement speech. Her advice to the class of 2009: seriously, being rich is really cool because you can own a ton of mansions and fly around on a private jet. Well at least she's honest. But is...

For the past six months, the private jet industry has been hit from all sides. Not only has the recession caused both businesses and high net-worth individuals to travel less, but the government has gotten involved. Ever since the automakers who flew to Washington D.C. were grilled about how they...

It's official: Private air travel is as uncool as taking your mom to prom. After congress scolded the auto industry for taking the costly private jets to DC to request their bailout money it was only a matter of time before the move to ditch private flights caught on. TMZ is reporting that both...

It seems that Sean Combs, the entrepreneur-turned rap singer-turned-fashion-designer-cum-man- about-town (also sometimes known as P. Diddy or Puff Daddy or Diddy or variations on same) is grounding his private jet because of the extravagant cost of fuel.I'd call it a Sign O' the Times, but that's...