First-Time Private Jet Buyers Opt for Larger, Pricier Models

Newly wealthy private jet buyers are skipping the starter PJ and going bigger, private aviation CEO says

First-time jet buyers are going big from the start, the founder of a private aviation company said. Joan Valls/Urbanandsport/NurPhoto via Getty Images First-time jet buyers are skipping smaller aircraft and opting for larger, pricier models instead, Craft CEO Israel Slodowitz said. The private aviation CEO said the industry was seeing an "insane wealth creation moment," pointing to AI and tech. Slodowitz warned of a coming jet shortage as demand among the wealthy increases. A new wave of we...