Paris Peace Accords 23 Oct. 1991

Tuesday, June 17, 2014

When first class just won't do... Now jumbo jets are being bought and personalised by billionaires to replace puny private planes

Commercial jet manufacturers have been replacing the rows of economy seats in their aircraft with sofas and entertainment centers since the late 1990s. A recent influx of billionaires from Russia, the Middle East, and China has led to a new focus on this part of the business. Since opening the private jet branch in 1997, Airbus has sold over 170 aircraft. Boeing got started in 1996, and has delivered on 195 of 217 total orders received.

The main reason to go with an Airbus A380 or a Boeing 747 over a puny Gulfstream or Bombardier? According a ?Billionaires Study? commissioned by Airbus, the wealthiest among us like to travel with family members and business associates. (This, apparently, is particularly true for Middle Eastern oil magnates.)
Saudi princes and Russian billionaires who travel with large groups are turning away from Gulfstreams and to Boeing and Airbus. Wired reports that the makers of jumbo jets like the 747 and A380 are happily personalizing their planes to suit the outrageous needs and tastes of Saudi princes, Russian oligarchs and the like. In fact, Airbus is so interested in the business that they conducted a 'billionaires study,' which concluded that Middle Eastern oil magnates and Chinese captains of industry just happen to like to travel in groups of more than a dozen. 
The Daily Mail (UK) | 17 June 2014

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