


Private jet travel is no longer exclusively for high-level corporate executives. With new technologies and more private jets available for charter, private jet travel has become accessible to a whole new class of would be commercial travelers. The private jet industry; once thought of as a luxury item for the wealthy is undergoing a transition expanding the reach of private jet access.
There are many factors influencing the expansion of the private jet industry. Most notably, has been the shift in business models of private jet companies. At one time private jet travel was accessible only to owners of the private jet itself. Manufacturers of private jets and private jet enthusiasts pioneered the concept of fractional jet ownership; expanding the market to wealthy individuals whom private jet travels would be out of reach. Further expansion of the private jet industry occurred in early 2000 with the introduction of the brokerage model.
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