Leisure
Well-Being
Tech & Design
News & Trends
Luxury
Celebrity
K-Pop
Many billionaire owners sold high-maintenance planes and joined jet card plans following the 2008 financial crisis. Photo: Getty Images
Many billionaire owners sold high-maintenance planes and joined jet card plans following the 2008 financial crisis. Photo: Getty Images
Aviation

Private jet ownership is falling, but why are billionaires signing up for jet card memberships and hiring instead of buying?

On top of being more cost-effective, jet card schemes offer wealthy clients greater flexibility and convenience, and help in navigating red tape and complicated regulations

Many billionaire owners sold high-maintenance planes and joined jet card plans following the 2008 financial crisis. Photo: Getty Images
Many billionaire owners sold high-maintenance planes and joined jet card plans following the 2008 financial crisis. Photo: Getty Images
READ FULL ARTICLE