Whether the joys of summer are riper for plutocrats than for the rest of us is always open to question. Would watermelon taste sweeter if you had a billion in the bank? Let me spit out this seed, check my bank balance and get back to you. As vacation season reaches its peak this month and millions of Americans jam the highways and skies seeking a precious portion of leisure, there is at least one way in which it becomes clear that the very rich are indeed very different from the rest of us.
That difference can be described in two simple words, almost magical to those who partake: flying private.
Just two decades ago, private aviation was exclusively the province of a global super-elite. That was before airline deregulation and 9/11 turned commercial air travel into the noisy, cramped, humiliating nightmare it is today. It was before the tech boom and hedge funds threw off bumper crops of multimillionaires. It was before innovations in the private aviation industry made it possible, first, for the ultra-wealthy to use the time-share model known as fractional share ownership to enter the big leagues of private jet travel and, more recently, for the merely rich to buy into jet-sharing plans that are the deep-pocketed equivalents of a mass transit fare card.
"Seven years ago, I was traveling a lot and I just got sick of the hassles," said Gavin Polone, a former Hollywood agent and now a producer whose credits include the cable television show Curb Your Enthusiasm and My Super Ex-Girlfriend.
For Polone, the moment marking his decision to defect from the ranks of airborne hoi polloi was a trip he took from New York to Los Angeles.
"I was in first class and there was a woman in business with a baby that screamed for five hours," he said. "And that did it."
Trans-Atlantic flights are now the only occasions on which Polone submits to commercial air travel's many indignities.
"In North America, I only fly privately," he said. "For me, what's important is excluding myself from people who might bum me out."
NO BUMMER PEOPLE
Even at an elevation of 2,600m, in the bright light and thin air of a resort where A-frame fixer-uppers change hands for seven figures, avoiding bummer people and situations takes work. Thus Aspen has become one of the places most cited -- Nantucket, Massachussets; Sea Island, Georgia; Sun Valley, Idaho; and Jackson, Wyoming, are several others -- on lists of the top US destinations for people who long ago left behind the sad pretzel mix and microwave cookies of in-flight snack service, and the weary attentions of airline employees who so often wear the expression of doomed souls working off a karmic debt.
"We're always operating at the edge of full capacity," said Chad Farischon, the general manager of Trajen FBO Network, which operates the private jetport a short drive from the modest commercial airport at Aspen.
During peak times like winter break and again in August -- a period when billionaires and Nobel laureates, destined for either the rigorous hiking trails of Maroon Bells or the equally strenuous Aspen Institute cocktail party circuit, descend in droves on the onetime mining town -- so many aircraft vie for parking spots at Aspen airport that the overrun has to be shunted to nearby Rifle or Vail.
"Jan. 2 this year, we had 150 aircraft that didn't get in," Farischon said.
By aircraft Farischon is referring not to self-piloted two-seaters but to multimillion-dollar machines like an Embraer Lineage 1000, a Citation X, or a Gulfstream IV or Gulfstream V, respectively the aeronautic versions of a Lexus or Mercedes-Benz. At least one of each was parked, chevron-fashion, on the tarmac one quiet recent Monday, as was a Boeing 727 retrofitted for private use.
As much as 80 percent of private air travel is now undertaken for leisure rather than business, say some in the industry. While private aircraft sales have risen lately, according to Dan Hubbard, the spokesman for the National Business Aviation Association, those increases must be measured against a years-long slump.
"It's not that there are so many more planes being sold," Hubbard said. "It's that there are more options" for private flying to suit evolving consumer demand.
CALM AND CLUBBY
From the number of tan, fit people ambling through the club-like lounge at Aspen's private airport -- wearing Chanel jeans and Franck Muller watches and accompanied by their dogs and children -- the assertion is easy to credit. In contrast to the harried atmosphere of a commercial airport, here all is calm and clubby. Even the dreaded check-in procedure amounts to little more than identifying one's pilot from among the various uniformed personnel slouched in overstuffed chairs.
The rise of private aviation is thought to have begun with the purchase by Warren Buffett, the Omaha investor, of NetJets in 1998. Under the NetJets scheme of fractional-share ownership, buyers purchase, say, a 16th of a Hawker 400XP for about US$400,000, or the same fraction of a Gulfstream 550 for roughly five times that amount, and then negotiate, much as time-share holders in a condominium might, for use of the plane. Then as now, fractional-share owners tended to be either large corporations or the ultra-rich.
But as a certain group of Americans became richer and air travel became generally unpleasant, an appetite also developed for the fine perks of private air travel among what in the industry are termed "high net worth individuals," people who are merely, rather than obscenely, rich.
To accommodate this new market, a passel of companies were formed like Bombardier Skyjet, CitationShares, Sentient Jet, Le Bas International and Marquis Jet, an affiliate of NetJets, each pitching its own version of a surprisingly simple concept: sell access to a private jet without the necessity of buying one. The companies sell "jet cards," not much different from buying a Starbucks card.
"You call up and say you want to fly from X place to X place," said Hubbard of the National Business Aviation Association. "They provide the equipment, swipe your card," and the hours disappear until one fills the card up again.
For US$299,000. That is the cost of a representative 25-hour Marquis Jet card with ready access to a Gulfstream IV-SP, a jet that seats 13 and has a 7,350km flight range. That is enough for a trans-Atlantic flight, although a great many consumers use their hours to reach the dinky airports that are convenient to nothing except, as it happens, the finest golf course in the country.
RETHINK? The defense ministry and Navy Command Headquarters could take over the indigenous submarine project and change its production timeline, a source said Admiral Huang Shu-kuang’s (黃曙光) resignation as head of the Indigenous Submarine Program and as a member of the National Security Council could affect the production of submarines, a source said yesterday. Huang in a statement last night said he had decided to resign due to national security concerns while expressing the hope that it would put a stop to political wrangling that only undermines the advancement of the nation’s defense capabilities. Taiwan People’s Party Legislator Vivian Huang (黃珊珊) yesterday said that the admiral, her older brother, felt it was time for him to step down and that he had completed what he
ROLLER-COASTER RIDE: More than five earthquakes ranging from magnitude 4.4 to 5.5 on the Richter scale shook eastern Taiwan in rapid succession yesterday afternoon Back-to-back weather fronts are forecast to hit Taiwan this week, resulting in rain across the nation in the coming days, the Central Weather Administration said yesterday, as it also warned residents in mountainous regions to be wary of landslides and rockfalls. As the first front approached, sporadic rainfall began in central and northern parts of Taiwan yesterday, the agency said, adding that rain is forecast to intensify in those regions today, while brief showers would also affect other parts of the nation. A second weather system is forecast to arrive on Thursday, bringing additional rain to the whole nation until Sunday, it
CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
CHINA REACTS: The patrol and reconnaissance plane ‘transited the Taiwan Strait in international airspace,’ the 7th Fleet said, while Taipei said it saw nothing unusual The US 7th Fleet yesterday said that a US Navy P-8A Poseidon flew through the Taiwan Strait, a day after US and Chinese defense heads held their first talks since November 2022 in an effort to reduce regional tensions. The patrol and reconnaissance plane “transited the Taiwan Strait in international airspace,” the 7th Fleet said in a news release. “By operating within the Taiwan Strait in accordance with international law, the United States upholds the navigational rights and freedoms of all nations.” In a separate statement, the Ministry of National Defense said that it monitored nearby waters and airspace as the aircraft