24/10/2024
95% of US hedge funds, private equity firms with private jets plan upgrades amid rising focus on efficiency: A study commissioned by Airbus Corporate Jets (ACJ) reveals that more than nine out of ten (95%) U.S. hedge funds and private equity firms that own private jets are considering upgrading their aircraft in the next five years.
Here are the main reason for this trend:
- A growing focus on operational costs 69%
- Newer/better/more fuel-efficient models have recently launched 52%
- Need for larger aircraft to accommodate more company executives 47%
- Need for bigger aircraft that can fly farther without the need to refuel 22%
95% of U.S. hedge funds and private equity firms that own or use private jets also say the reputation of the aircraft manufacturer is a key consideration. Nearly all (98%) say its value retention is important, with 36% saying it is extremely important.
ACJ's study reveals that 71% of U.S. hedge funds and private equity firms interviewed have seen an increase in both their continental and intercontinental travel over the past two years. This helps explain why 64% say their company's budget for business travel has risen during this period, with only 15% saying it has fallen (22% say it has not changed).
When traveling by corporate jet, U.S. hedge funds and private equity firms place the highest value on the cabin space and comfort, followed by the onboard connectivity/technology and range.
The Future of Corporate Aviation, Nov. 5th:
Join Matthias Knab as he sits down with Chadi Saade, President of Airbus Corporate Jets (ACJ), to discuss how hedge funds, private equity firms and other sectors are revolutionizing their use of corporate aviation.
Register here to secure your seat at this eye-opening Opalesque INTERACTIVE Nov. 5th 11 am ET (4pm GMT, 5pm CET, 6pm Riyadh, 7pm Dubai): https://www.opalesque.com/webinar/
With thanks to Airbus Aircraft
