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

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

Topic |   Aviation
Many billionaire owners sold high-maintenance planes and joined jet card plans following the 2008 financial crisis. Photo: Getty ImagesMany 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
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