When you start earning the big bucks, there’s only one sure-fire way to cement your status among the super rich. Purchasing a yacht or a mansion would be impressive enough but nothing can compete with the status of owning your very own private jet. Purchasing a large and modern business jet is expensive enough (the Gulfstream 450 comes with a $41 million price tag) but keeping it operational can prove a financial strain over a long period of time.
Still, despite the hefty costs involved, many companies operate fleets of private aircraft as they have been proven to boost profitability. A 2010 study revealed that SMEs using corporate jets consistently outperformed those that did not, growing their revenue at a quicker pace than businesses that flew commercial. American companies and wealthy individuals have registered a lot of jets over the years and the country was home to 63 percent of the global fleet in 2014, according to Corporate Jet Investor. The U.S. had 12,051 private jets registered that year, quite a distance ahead of second-placed Brazil’s 764.
Niall McCarthy , CONTRIBUTOR
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