“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
European Business Aviation Convention Breaks Records
The seventh European Business Aviation Convention and Exhibition, which took place in Geneva in May, broke all records, with attendance up 15 percent from the 2006 event to more than 11,000 and 354 exhibitors, an 18-percent increase. Orders inked at the show-firm and optional-had a total value of nearly $1.7 billion. The 2008 convention is scheduled for May 20 to 22, again at Geneva International Airport's Palexpo venue.