TD Waterhouse says NetJets, a fractional business jet ownership company, expects European demand to begin increasing this year.
“‘What we’re seeing this year is that flying activity is picking up as people become more certain about how they’ve come through the crisis,’ Mark Wilson, chief operating officer of NetJets Europe, told Reuters in an interview.”
Most NetJet customers are corporate and entrepreneurs, while the remaining are the world’s super-rich (Tiger Woods is a customer).
While the number of customers has remained the same, the number of hours spent in the air by those same customers dropped.
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