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Private jets maintain altitude despite turbulent times

Romania's private jet (PJ) market was in full flight before 2009, but pundits say the business did not crash back to the ground during the financial crisis. The acquisition of private planes is not a luxury fad, but is often considered a long-term investment. The Diplomat - Bucharest talked to different PJ experts in order to find out more about bizjet purchase processes and ways to keep the sector alive.

April 2013 - From the Print Edition

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Although the difficult economic environment affected Romania′s luxury and VIP travel segment, the market is steadily recovering and private jet demand is again growing, according to Patrick Artiel, Lufthansa′s passenger sales general manager for Romania and the Republic of Moldova. The most popular destinations to and from Romania are countries such as Germany, Italy, Russia, France, Turkey, the United Arab Emirates and intra-North America. "The revival of the market gives us new opportuniti...

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