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US News How the private jet business took off

20:15  13 october  2020
20:15  13 october  2020 Source:   europe1.fr

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Dans l'émission © Araya Diaz / GETTY IMAGES NORTH AMERICA / Getty Images via AFP In the program "Historically yours", journalist David Castello-Lopes looks back on the origins of an object or 'a concept. Tuesday, he is interested in the beginnings of an accessory that is only part of the life of the very rich: the private jet.

Every day in Historically yours, David Castello-Lopes looks back on the origins of an object or a concept. This Tuesday, he looks at a way of getting around, certainly very practical but extremely expensive and polluting: the private jet

"Being rich has many advantages. Like that of being able to buy more things than poor people, and more expensive things. For example, I who am not rich, I do not own a private jet. The mere fact that rich people own one is remarkable, because a private jet still costs up to 40 million dollars. Another remarkable thing is that there are more and more people who have a private jet around the world: + 70% in France since 2006, + 90% in Germany + 350% in China ...

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A French premiere

Why this increase? Firstly because there are more and more very wealthy people. there are more and more ways to buy private jets with others, which is bound to be cheaper. Finally, there are today pretty cool ways to get out of certain unpleasant taxes on private jets. If you ship your purchase through the Isle of Man, for example, you may be exempt from VAT. And 20% of 40 million euros ... that's a nice sum.

The first private jets date back to the 1920s, when businessmen began to have their own propeller plane. In particular in the United States, where when you want to do business, you have to travel a lot. But they weren't exactly jets, because jets are airplanes on which the propeller has been replaced by jet engines. Which makes it possible to go much faster.

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So the real takeoff of the private jet dates, like so many things, to the Thirty Glorious Years. The plane which is considered by many to be the first private jet is a French plane. It was called the Maurane-Saulnier 760 and made its first flights in the mid-1950s, with the actress Eva Gabor on board.

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A mode of transport popularized by Frank Sinatra

But the one who made private jets cool is Frank Sinatra. In 1964, he bought a state-of-the-art jet. And apparently one of the main things it allowed her to do was flirt with Mia Farrow. Who was 20 at the time, five years younger than his eldest daughter Nancy. Frank and Mia had already had a first date. But the singer was in Florida and the actress in Los Angeles, across the United States. So he sent his private jet to pick her up, so they could watch a movie he was playing together. And it didn't go badly since they got married the following year. But they also divorced two years later.

Today, the private jet has become the symbol of "super-wealth". And so also the dream of many people who are not rich at all. A company in Moscow offers for $ 200 to take a picture of you in a private jet that does not take off, to post on Instagram and make believe that one is rich, when not.

Last thing: I might as well tell you that private jets are not very good for nature. It even pollutes ten times more per passenger than normal jets. But that is really a poor person's reflection. Because if I could afford to buy myself a jet, I'm sure I would have one. And I would deal with my environmental bad conscience. "

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This is interesting!