Newly wealthy private jet buyers are skipping the starter PJ and going bigger, private aviation CEO says

Source: Business Insider

First-time jet buyers are going big from the start, the founder of a private aviation company said. Joan Valls/Urbanandsport/NurPhoto via Getty ImagesFirst-time jet buyers are skipping smaller aircraft and opting for larger, pricier models instead, Craft CEO Israel Slodowitz said. The private aviation CEO said the industry was seeing an "insane wealth creation moment," pointing to AI and tech.