Luxaviation UK is seeing a demographic shift in customer profile, as Millennials now account for 50% of its business jet clientele. With a clear transition from charter customers traditionally in their 50s and 60s to a younger generation of business professionals
in their 30s and 40s, this group are turning to small and midsize jets to facilitate a practical need for business and leisure travel.
New and emerging industries, particularly clients working in tech finance and private equity, are playing a key role in this demographic shift. George Galanopoulos, CEO of Luxaviation UK, says: “As the tech sector continues to rapidly grow, and businesses become more globalised, the value of face-to-face meetings cannot be overlooked, and business aviation affords customers the ability to get across the globe privately, quickly and reliably.”
Travel to untapped destinations is also on the rise. George Galanopoulos says: “Social media is making travel less exclusive, as users can easily find photos and videos of ‘hidden spots’. So there is a growing demand for flight access to undiscovered locations which can be shown off to friends for the first time.
They want to be there before the online hype, or at least ahead of the trend. Saudi Arabia, for example, is currently piquing the interest of some of our clients who are eager to travel there while it is still relatively new to the UK market.”
Luxaviation