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AINOnline: As the Private Aircraft Fleet Grows, Hangar Availability Dwindles
3.1.23
CEO Tal Keinan: Sky Harbour plans to develop millions of square feet of capacity
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The age of the business jet fleet has increased as aircraft that in the past would have been put out to pasture have gained new value in the post-Covid private aviation boom. “There is so much demand for private jets now that even if you have a 30-year-old jet that otherwise would have been retired, as long as it is safe and airworthy, it makes sense to keep it in service,” said Tal Keinan, CEO of private hangar developer Sky Harbour. “There is also a technology component. Jets get better over time and live longer over time, which speaks to a swelling population.”