- Ohtani makes MLB history with first 50-homer, 50-steal season
- Ohtani eyes MLB history after surpassing 50 stolen bases, 49 homers
- Ohtani eyes MLB history after surpassing 50 stolen bases
- Barca downed by Monaco as Arsenal held in Champions League stalemate
- Head's 'good night at office' after century seals win over England
- Dubois seeks legitimacy with Joshua scalp
- Rate cut could lift consumer spirits before US elections
- Last-gasp Gimenez strike sends Atletico past Leipzig
- Barca stumble at Monaco after early red card
- Raya heroics save Arsenal in Champions League opener at Atalanta
- Cathay Airbus engine fire linked to cleaning: EU regulator
- Guardians beat Twins to secure MLB playoff berth
- Jihadist attack in Mali capital killed more than 70: security sources
- Alonso hails 'efficient' Leverkusen after Feyenoord rout
- Head's hundred seals Australia win over England in 1st ODI
- Ex-Man United striker Anthony Martial joins AEK Athens
- NFL unbeatens meet as Texans visit Vikings, Steelers host Chargers
- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
- Dream debut for Wirtz as Leverkusen thump dire Feyenoord
- Myanmar flood death toll climbs to 293: state media
- Israel army says West Bank air strike kills 4 militants
- LIV golfers get green light for US Ryder Cup team, PGA Championship
- US accuses social media giants of 'vast surveillance'
- Ten Hag to bed Hojlund, Mount in carefully when they return for Man Utd
- Breaking bad as McIlroy endures 'weird' day
- EU chief announces $11 bn for nations hit by 'heartbreaking' floods
- Spanish PM, Palestinian leader urge Mideast de-escalation
- New study reinforces theory Covid emerged at Chinese market
- World Bank boosts climate financing by 10 percent
- Bagnaia eyeing summit on home ground in 100th MotoGP
- 'Something was wrong', defendant in French mass rape tells court
- Hezbollah chief admits 'unprecedented' blow in device blasts
- Sales of US existing homes slip slightly in August
- Fear, panic haunt Lebanese after devices explode
- Labuschagne sparks Australia fightback in England ODI opener
- S.Africa's HIV research power couple says fight goes on
- Why is Israel focusing on border with Lebanon?
- Mpox vaccines administered in Rwanda, first in Africa
- US Fed rate cut is 'very positive sign' for economy: Yellen
- Unknown Mozart string trio discovered in Germany
- 'Are we five-year-olds?' F1 drivers won't mind their language
- Brazil judge orders X to reimpose block or face hefty fine
- Munich to rename stadium street after Beckenbauer
- Champions Italy to face Argentina in Davis Cup Final 8
- The winding, fitful path to weight loss drug Ozempic
- Italians defeat American Magic to reach Louis Vuitton Cup final
- Norris has 'nothing to lose' as he hunts Verstappen in Singapore
- Kyiv 'outraged' at Swiss showing of Russian war film
- French city renames Abbe Pierre square after abuse claims
- Footballer charged after huge cannabis seizure at UK airport
Private jets soar past global pandemic, oil price woes
Airlines may find themselves swept up in unprecedented turbulence -- with air travel shunned over climate concerns, plagued by pandemic shutdowns and soaring oil prices -- but for private jet operators, business is booming.
The appeal of private jets has taken off since the start of the pandemic, amid fear of catching Covid-19 and as widespread cancellations and stringent measures have turned flying commercial into a logistics headache.
"The impact of Covid really forced people to look elsewhere for their travel needs," said Philippe Scalabrini, who heads the southern European division of the international private aviation company VistaJet.
"Anyone who can afford it wants an entire plane at their disposal," he told AFP, adding that "private aviation, as whole, has had an incredible surge of demand over the past two years."
Numbers from air traffic regulator Eurocontrol appear to confirm that.
It found that private air travel nearly doubled its global market share between 2019 and 2021, when it stood at 12 percent.
- Luxury -
Standing inside the newest addition to the VistaJet fleet, the Global 7500 built by Canadian business jet maker Bombardier, Scalabrini showed off what air travel can look like in that exclusive market.
Abord the luxury plane, costing a whopping $72 million (65 million euros), clients can enjoy plush cream-coloured leather chairs, a large double bed, and wine tasting.
To limit jet lag, the cabin pressure can be better regulated than on commercial flights, allowing clients to sleep as soundly "as at their cabin in Saint-Moritz", the chic Alpine ski resort, Scalabrini said.
And their pets can travel in luxury as well, with toys and treats on demand.
With annual contracts starting at 500,000 euros ($550,000), VistaJet's target audience includes wealthy individuals and business leaders, with growing numbers from the tech sector.
"Obviously we see the evolution of clients following the macro-trends we see in the world," Scalabrini said.
- 'The Covid effect' -
More than anything, the pandemic has driven the latest upsurge in demand.
Scalabrini said "the Covid effect" last year helped VistaJet swell the number of flying hours sold by 90 percent.
And the company, founded in 2004 by Swiss billionaire Thomas Flohr, announced last month the purchase of Air Hamburg, in a move it said would help grow its flying hours by another 30 percent.
That announcement, however, landed just three days before Russia launched its full-scale invasion of Ukraine and Western countries unleashed a slew of harsh sanctions, sparking panic on markets and sending oil prices soaring.
Scalabrini said it was "a bit early" to determine how the crisis would affect his company.
"At the moment we cannot fly to Russia, we cannot fly to Ukraine unfortunately, so obviously there is an impact, but it's a minimal impact," he said, pointing out that Russian clients made up less than five percent of VistaJet's turnover.
"We've got clients all over the world."
- Image issue -
While private jet companies may weather the crises currently gutting commercial aviation, they face the same outrage over air travel's outsized contribution to climate change.
A private jet flight pollutes 10 times more than a commercial flight, according to the Transport and Environment NGO.
Environmental questions will in the long term be one of the biggest challenges facing business air travel, Philippe Berland, an air transport specialist with the Sia Partners consulting firm, told AFP.
In the short term, however, he said the immediate question would be how the sector manages to absorb soaring oil prices, and also whether private jet companies can hold onto the clients they gained during the pandemic as commercial flights return to normal.
"In this sector, where an hour of flying time is already very expensive, price is not the only factor," Berland said, suggesting that some of the newly won clients may have grown accustomed to the ease and speed of departures with private jets.
Pascal Fabre, aviation expert with the Alix Partners consultancy, said the sector was not very sensitive to rising oil prices.
When you buy a plane "for several tens of millions of dollars," he told AFP, "the fuel bill is not an issue."
A.Gasser--BTB