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Private jet buyers are turning to Asia for glitzy aircraft as a shortage grips the US

A Gulfstream G550 private jet.

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Private aviation has not been immune to the shortages plaguing nearly every industry. 

America’s wealthy realized the value of flying private instead of flying commercial during the pandemic and began buying up private aircraft in anticipation of a return to travel. And just like in the housing market, a drop in inventory is driving prices up, and forcing buyers to look elsewhere for aircraft. 

Jetcraft, an aircraft sales and acquisition firm, has been buying up private jets in Asia and bringing them to the US to accommodate increasing demand. Continued lockdowns in Asia, Jetcraft says, read more ⇒

Source:: BusinessInsider.Com

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