US EditionAt COP30, Nations Target the Jet Set with Luxury Flight Tax
COP30 nations propose taxing private jets to reduce emissions from the 23,500 jets in service worldwide, targeting elite luxury travel as a climate priority.
- The global private jet fleet now numbers around 23,500, with hours flown about 115-120% above 2019 levels, according to industry analysts.
- Rising wealth and post-pandemic shifts have driven demand, as fractional ownership operators and membership and subscription programs expand access for families, entrepreneurs and first-time flyers.
- Typical buyers encompass high-net-worth individuals, governments, corporations and branded charter operators NetJets and FlexJets, with list prices over $75 million to $78 million, while JetNet expects nearly 9,700 deliveries through 2034 and Thiyagarajan forecasts 820 this year.
- Climate activists have singled out private jets for their high per-passenger emissions, but frequent private-jet flyers keep flying as industry demand indicators show resilience, analysts say.
- The largest private airliners can seat around 75 and cost hundreds of millions, with Boeing Business Jets recently converting 747-8 VIPs and North America holding roughly 60%-70% of the fleet.
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Malay Mail
AlKhaleej TodayAt COP30, nations target private jets and first-class flyers with proposed luxury flight tax
PARIS, Nov 8 — France, Spain and Kenya are among a group of countries spearheading a drive at the COP30 climate summit for a new tax on luxury air travel, a source close to the matter told AFP.Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global warming, the proposal will likely pit them against the powerful aviation industry.Diplomats from the coalition of more than 10 countries are p…
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At COP30, nations target the jet set with luxury flight tax
France, Spain and Kenya are among a group of countries spearheading a drive at the COP30 climate summit for a new tax on luxury air travel, a source close to the matter told AFP.
A group of countries including France, Spain and Kenya want to take advantage of COP30 to expand the number of countries considering taxing the first classes of airlines as well as private jets, learned the AFP from a source close to the discussions. ...
Ulrich Marseille, head of Vamed Engineering, buys a long-haul jet with company funds and grants herself sumptuous loans – while South American states seek help from the Austrian Foreign Minister because of stagnating projects.
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