Economic downturn not expected to impact private jets

Although the economic downturn is expected to have a sharp impact on luxury items like watches and jewelry, a document from the Luxury Institute indicates that private jet travel is one luxury area that looks poised to stay untouched:

According to Gollan of Elite Traveler, there was a 50 percent increase in private jet travel to last week’s Super Bowl — round trips that cost $50,000 to $100,000 if departures were from the Northeast.

A parallel is drawn to the yachting business, where there is a drop in boat sales for the rich but not-quite-that rich category of $1-3 million, and there is a corresponding boom in sales of the rich and-definitely-quite-that-rich category of boats $15 million and over.

Tagged as: Greenpoint Technologies, J. Lynn Lunsford, Susan Carey, Wall Street Journal, WSJ