Business aviation is red hot, thanks to the COVID-19 crisis. U.S. business jet departures were up 51 year over year in November, led by fractionals and charter operators. Just 3.8 of the pre-owned business jet fleet is for sale, a historical low. Demand is so strong that Net Jets, Executive Jet Management and Jets.com recently suspended jet card sales. While it is difficult to gauge accurately, business aviation captured tens of thousands of new customers since 2020, industry insiders estimate.How many of these customers will be around 3-5 years from now, after the virus crisis passes and airline schedules return to normal? Bulls see a structural change underway, expecting 25 or more of these new customers to stay. Bears see a temporary uptick, with few of the newbies sticking around. Which side is right?
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