Five Myths about Private Jets
By Everett Potter
If you’ve ever spotted a private jet in flight or on the tarmac, you’ve probably wondered which celebrity it belonged to. The fact is that many jets are chartered, not privately owned by a fat cat or pop star, and they’re mostly used for business, not lavish vacations. It’s a world shrouded in mystery, so here are five myths about private jets.
1. You need to be as rich as Donald Trump to fly in a private jet.
“Yes, it helps if you want to own a Boeing 757 in executive configuration like his, but that is not a reality for 99.9% of the population,” says Mark H. Lefever, president and chief operating officer of Avjet, a broker and adviser.