Private jets and new generations

Luxaviation UK, one of the leading private jet operators in Europe, is observing a significant shift in the profile of its clientele: the Millennial generation, professionals between 30 and 40 years old, now represents 50% of its passengers. A generational change that is redefining the way of living and understanding business aviation.

Traditionally dominated by travelers in their 50s and 60s, the private jet market is now attracting new players from the worlds of tech finance and private equity. Younger and younger customers, who choose small and medium-sized jets to combine comfort and speed in business and leisure travel.

"In an age of global hyper-connectivity, nothing can replace the value of a live meeting," says George Galanopoulos, CEO of Luxaviation UK. "Private aviation enables fast, safe and personalized international travel – a strategic advantage recognized by the new business elites".

The demand is not limited to the big capitals. Interest in emerging or unexplored destinations is also growing, often fueled by the search for uniqueness to share before they become trends. "Social media is making travel less exclusive, as users can easily find photos and videos of 'hidden places'. Our customers want to be the first to discover places that are still unknown", adds Galanopoulos. For the British market, Saudi Arabia is among the most popular destinations, a symbol of luxury that is still authentic and off the radar.

But the change goes beyond the jet. In the UK, Luxaviation UK is also seeing a new generation of private jet owners interested in aircraft management services. A concrete sign of an intergenerational transfer of wealth and a greater awareness of the value of private aviation as a strategic asset.

According to a recent EBAA report, the business aviation sector generated an economic impact of €100 billion in Europe in 2023. An expanding sector, which looks to the future with dynamism and attractiveness for the new generations of global leaders.

By the editorial staff, Avion Luxury Magazine

Text source: Luxaviation UK Press Office

Photo: Copyright © Sisterscom.com / Depositphotos

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