Private Jet Charter Business is in Decline since Eurozone Banking Crisis

July 10, 2012 - PRLog -- "The slow down in Europe due to the Eurozone Banking Crisis has deeply impacted private jet charter in the US", claims Mark Fleischmann, CEO of PrivateJetsIntl.  With Europe at a tipping point private jet charters have been suspended for the time being.  Governments, corporations and citizens alike have tightened their belts when it comes to travel.  PrivateJetsIntl has seen first hand the slow down in requests for private jet flights here and abroad.  

The day of reckoning has arrived.  People are no longer feeling good about taking a luxury private jet.  Instead they are trying to make the best of a sour economy and sluggish or anemic economic growth.  It is therefore not surprising that a luxury business such as private jet charter is affected.  Companies which are inquiring about private jet flights are also comparing pricing to commercial flights.  In this economy it is hard to justify the extra expense.   While American Companies are profitable justification for using jets is hard to find.  

Recently the jobs report failed to boost consumer spending as not as many new jobs were created as anticipated.  This has a direct impact on business and travel.  The world is so globally connected that if there is a crisis in Europe it has a direct impact on other countries such as the USA.  While there is no immediate solution to this crisis and to the Debt Crisis in the USA we can rest assured our spending habits have changed forever.