Inexperienced acres is the place to be
Farm livin’ is the life for me
Land spreadin’ out up to now and large
Hold Manhattan, simply give me that countryside
– Theme track from Inexperienced Acres
It was on Sept. 15, 1965, New York Metropolis lawyer Oliver Wendell Douglas first sang these traces to his metropolis socialite spouse Lisa. For the subsequent six years Eddie Albert and Eva Gabor entertained TV viewers with what life regarded like with out these penthouse views.
Now, 55 years later, it seems a world pandemic is inflicting a mass relocation from cities to second residences.
Separate evaluation by Argus TRAQPak, WingX and Tuvoli, all monitoring personal jet actions, point out the prosperous are on the transfer, nonetheless, the place they’re going has modified.
For instance, Teterboro Airport, which completely serves personal jets, ended September 57% under 2019 numbers, in accordance with Tuvoli. The airport, beforehand the busiest enterprise aviation airport within the U.S., is situated simply throughout the Hudson River from Manhattan.
Westchester County Airport, about 20 miles north of town, is in style with the personal jet set who dwell close by, together with Fairfield County in Southern Connecticut, and work in Manhattan. Yr over 12 months flights final month had been down 39%. Morristown, which serves prosperous commuter suburbs in Northern New Jersey, noticed flights drop 25%.
On the identical time, personal flights at conventional second-home locations had been surging in September. West Hampton Airport on Lengthy Island’s jap finish grew 103%, together with 148% over the previous week.
Aspen flights had been up 44% in September, Vail/Eagle Airport had a 46% achieve, 56% within the final week of the month, and Nantucket was up 33%. Like Vail, as a substitute of seeing exercise tail off, over the last week of final month, flights elevated 48%.
Analysis from the weekly WingX Global Market Tracker additionally signifies the personal jet restoration is stronger in locations like Colorado, Arizona and Florida, all thought-about second residence markets.
Argus TRAQPak information shows year-to-date Wyoming personal flights down solely 5.8%, adopted by Montana (-6.7%), Utah (-7.2%), and Colorado (-10.2%). Arizona carried out the most effective of non-mountain states with an 11.7% decline. General, personal aviation flights had been down 28.1% by way of the tip of August.
On the opposite facet of the dimensions, New Jersey, dragged down by Teterboro, noticed personal flights drop 45% year-to-date. Reagan Nationwide and Dulles Airports, exterior Washington D.C., usually bustling with enterprise jets, are off by almost 40%.
Greg Johnson, the president of Tuvoli, speculates the pattern might proceed as children return to high school remotely, as a substitute of in particular person, and places of work stay closed.
A survey of personal jet customers carried out by Non-public Jet Card Comparisons, a web site the place I’m editor, discovered of the respondents who flew privately previous to the COVID-19 pandemic, 30% will likely be growing their personal flights this Fall in comparison with final 12 months. Some 38% say they are going to be taking about the identical variety of personal flights as they did in 2019, with solely 22% predicting they may fly much less. Solely 10% stated they gained’t be taking any personal flights between now and the vacation season.
Requested the place they are going to be touring for private causes by way of the tip of the 12 months, 38% of each new and current personal aviation customers stated Florida, adopted by Mountain Locations (34%), and Caribbean/Mexico/Central America/Hawaii (23%). Solely 16% stated they are going to be going to large cities, even when 63% say they are going to be making enterprise journeys by personal jet this Fall.
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