Private jet Archives - Aviation metric

Nigeria’s private jet ownership rises to 157 from 44 in 20 years, Task Force reveals findings

Posted on July 29, 2024July 29, 2024 by Wole Shadare

Findings reveal illegal operators undermine security, Govt, losses revenue Operations opaque The operations and acquisition of private jets in Nigeria have risen exponentially. From a mere 44 private business jets in the country in 2005, Two decades on in 2024, that number has risen to 157; an increase of 357 percent over two decades. However, the increase in the acquisition of these flying objects is not for just navigating in luxury from one corner of…

Exploring the economics of private jet charter business

Posted on May 14, 2024 by Wole Shadare

Private jet demand is booming as charter rather than ownership is becoming a cost-cutting measure for the wealthy and busy CEOs, writes, WOLE SHADARE Hard times The reality of the harsh global economy is making the ownership of private jets no longer something multi-billionaires now fancy. Even people who are not in the billionaire club but had once desired to own their jets as a result of the enormous financial resources they are surrounded with no…