{"id":1540510,"date":"2022-07-06T06:04:34","date_gmt":"2022-07-06T10:04:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1540510"},"modified":"2022-07-06T06:04:46","modified_gmt":"2022-07-06T10:04:46","slug":"private-jet-spending-surges-to-10-year-high-thanks-to-the-global-elites","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/private-jet-spending-surges-to-10-year-high-thanks-to-the-global-elites\/","title":{"rendered":"Private Jet Spending Surges to 10-Year High Thanks to the Global Elites"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fprivate-jet-spending-surges-to-10-year-high-thanks-to-the-global-elites%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1540510&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><\/p>\n<h2>The increased spending boosts private jet operators<\/h2>\n<div id=\"authorDate\">\n<p>\u00a0on&#038;nbsp5th July 2022 @ 6.00pm <\/p>\n<\/p><\/div>\n<figure title=\"The average amount spent on chief executives and chairs for private jet use jumped 36 percent to $170,660 last year\">\n<div class=\"articleImage\">\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>The average amount spent on chief executives and chairs for private jet use jumped 36 percent to $170,660 last year<\/figcaption><\/figure>\n<p><strong>Global corporate elites have pushed private jet spending to a ten-year high as the rest of the world struggles with travel chaos, skyrocketing fuel prices, and soaring inflation.<\/strong><\/p>\n<p>According to the<a href=\"https:\/\/www.ft.com\/content\/acc17817-e14c-443c-91f4-b1e611de2dbf\" target=\"_blank\" rel=\"noopener\">\u00a0Financial Times<\/a> (FT), U.S. companies on private jets for personal use by chief executives and chairs reached their highest level in a decade.<\/p>\n<p>ISS Corporate Solutions revealed the spending on lush airborne luxury rose 35 percent to $33.8mn among S&#038;P 500 groups in 2021, the highest since 2012.<\/p>\n<p>The business elites now seem to have no intention of going back to their old ways as normal working people are forced like sardines on a crowded flight if they ever get on them.<\/p>\n<figure title=\"Meanwhile, companies said they loosened restrictions on private jet travel for personal use during the pandemic.\">\n<div class=\"articleImage\">\n<img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/Global-Elites-Demand-for-Luxury-Private-Jets-Soars.jpg\" alt=\"meanwhile  companies said they loosened restrictions on private jet travel for personal use during the pandemic\" \/><\/p>\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>Meanwhile, companies said they loosened restrictions on private jet travel for personal use during the pandemic.<\/figcaption><\/figure>\n<p>The FT writes this:<\/p>\n<blockquote>\n<p><em>Among the biggest spenders were Facebook parent Meta and aerospace group Lockheed Martin as many companies eased rules on using private jets because of fears over contracting Covid-19 on commercial flights. Meta spent $1.6mn on private jets for chief executive Mark Zuckerberg, while Lockheed spent $1.1mn on flights for boss James Taiclet.<\/em><\/p>\n<\/blockquote>\n<p>Lockheed Martin said it broadened its private jet spending last year \u2018in light of the Covid-19 pandemic\u2019.<\/p>\n<p>This included $353,303 for Taiclet\u2019s personal travel as well as for commutes to his home out of state and deadhead flights, when an aircraft is used for a one-way charter, Lockheed said in a regulatory filing this year.<\/p>\n<p>The average amount spent on chief executives and chairs for private jet use jumped 36 percent to $170,660 last year.<\/p>\n<p>The increased spending boosts private jet operators such as New York-based Wheels Up and Jettly.<\/p>\n<figure title=\"Elites can avoid the chaos increasingly bringing so much international travel to a standstill and forcing travelers to stay home\">\n<div class=\"articleImage\">\n<img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/private-jet-elites.jpg\" alt=\"elites can avoid the chaos increasingly bringing so much international travel to a standstill and forcing travelers to stay home\" \/><\/p>\n<p><span class=\"creditNew\">\u00a9\u00a0press<\/span>\n<\/div><figcaption>Elites can avoid the chaos increasingly bringing so much international travel to a standstill and forcing travelers to stay home<\/figcaption><\/figure>\n<p>Private jet travel looks like it has no signs of slowing down.<\/p>\n<p>Jettly chief executive Justin Crabbe told the FT \u201cit\u2019s quite difficult to go back to flying commercial\u201d once a group has offered executives private flights.<\/p>\n<p>Meanwhile, companies said they loosened restrictions on private jet travel for personal use during the pandemic.<\/p>\n<p>Elites can avoid the chaos increasingly bringing so much international travel to a standstill and forcing travelers to stay home.<\/p>\n<p>But it&#8217;s not just the business elites, it is also the political elites who are enjoying private luxury air travel.<\/p>\n<p>Earlier this year,\u00a0<a href=\"https:\/\/neonnettle.com\/news\/18233-pelosi-spent-500k-on-private-jets-in-one-year-for-me-it-s-a-religious-thing-\">\u00a0Neon Nettle<\/a> reported\u00a0Nancy Pelosi spent more than half a million dollars on private jets in a little over a year, despite the Democrat House speaker lecturing the American people about their &#8220;moral obligation&#8221; to reduce emissions.<\/p>\n<p>Throughout 2021, Pelosi spent over $500k on private jets while repeatedly describing the &#8220;climate crisis&#8221; as an &#8220;existential&#8221; threat that U.S. taxpayers must address.<\/p>\n<p>According to the<a href=\"https:\/\/www.fec.gov\/data\/disbursements\/?data_type=processed&#038;committee_id=C00213512&#038;recipient_name=ADVANCED+AVIATION&#038;recipient_name=CLAY&#038;two_year_transaction_period=2022&#038;two_year_transaction_period=2020&#038;line_number=F3-17\" target=\"_blank\" rel=\"noopener\">\u00a0filings<\/a>, Pelosi\u2019s campaign paid a Virginia-based private aviation provider, Advanced Aviation Team, over $437,000 between October 2020 and December 2021.<\/p>\n<p>Meanwhile, people traveling in the U.S. on July 4 experienced a massive number of delayed and canceled flights.<\/p>\n<p>Over the weekend, hundreds of flights were canceled as more and more Americans prepared to travel.<\/p>\n<h4><a href=\"https:\/\/neonnettle.com\/news\/14237-bill-gates-takes-private-jet-to-demand-taxpayers-pay-for-climate-change\">[RELATED] Bill Gates Takes Private Jet to Demand Taxpayers Pay for Climate Change<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The increased spending boosts private jet operators \u00a0on&#038;nbsp5th July 2022 @ 6.00pm   \u00a9\u00a0press The average amount spent on chief executives and chairs for private<\/p>\n","protected":false},"author":1,"featured_media":1540628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1540510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1540510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1540510"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1540510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1540628"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1540510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1540510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1540510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}