Rising fuel prices are doing nothing to diminish global demand for corporate jets with the niche market continuing to grow, BusinessWeek reports.
The article claims demand for private jets is expected to exceed 1,200 planes this year with industry commentators predicting sales will continue to rise until 2010.
While private jet owners in the past have predominantly been US based, new figures reveal more than 50 per cent of buyers are from regions such as Asia and the Middle East.
According to the article private jets are increasingly popular with time poor executives who are keen to escape the hassles of airport check-ins and security measures.
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