Hiring a private jet to get from one destination to another was perceived as a privilege reserved only for affluent people. Nowadays, however, many private jet companies like JetSetGo offer relatively affordable trips (in comparison to how much they cost a decade ago). Here is some information on how the private jet hire market has evolved, and what the future may hold in this exciting industry.
Once the perception, today’s value
Whilst hiring/flying in private charters is fairly expensive, it used to be completely unaffordable to the average person and is still a perception in the Indian subcontinent. Wealthy business people and top politicians were some of the only people who could use a private jet, and so the market was relatively small, with just a few specialist companies dotted around. However, the price of the private jet flight is cheaper up to 20% than it was a few years ago, a trend that could well continue, and continue to make private flying much more affordable.
Affordability
One reason that private flying is becoming more affordable is that there are more private jet hire companies in existence and companies like JetSetGo are focussing more on buying/leasing and upgrading private jets technologically to meet the growing demand for Private Jet travel in India.
Transformation
JetSetGo has transformed private jet travel as the needs of private flyers are changing. New (and cheaper) competition nearly always forces older, more established companies to have to lower their prices to stay competitive, especially in a market as niche as private jet hire.
With the market constantly growing, more opportunities exist to reach out to new customers, and there will be no doubt for further reductions in the price of an average journey, making the market more accessible.
The Future
It is fair to say that technology is advancing at an unprecedented rate, with an incredible amount of innovation has happened in the last decade alone. When it comes to private flying, JetSetGo continues to bring new initiatives both in terms of technological upgrades and responsibility towards the environment.
JetSetGo is working on the future of the private jet industry’s growing demands such as “SkyShuttle, A solution to Urban Air Mobility in India” that could shorten journeys within cities like Mumbai, Bangalore, Chennai, Hyderabad, etc. for those who rate time effective as a benchmark in private travel.
The private jet market has come a long way since its inception and is likely to carry on becoming more accessible. With so much to look forward to in this industry, it could well continue to evolve for the foreseeable future.