Latest news and articles about private aviation from NEX English
Private aviation costs are experiencing a significant rise of up to <strong>20%</strong> due to increasing fuel prices linked to the ongoing conflict in Iran. Wealthy travelers face unexpected additional fees, highlighting the impact of geopolitical crises on the aviation sector.
Apollo Global Management is close to finalizing a deal to acquire Atlantic Aviation from KKR, with the transaction potentially valued at around $10 billion. This acquisition marks a significant move in the private aviation sector as Apollo seeks to enhance its investment portfolio.
Insurance companies have imposed an additional fee of $50,000 on private jets wishing to land in the Gulf region. This requirement comes amid escalating tensions in the area, prompting some operators to refuel in other countries to reduce grounded time.