Iran Crisis: Canceled Flights Drive Private Jet Demand, Wealthy Spend Millions to Flee Middle East
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Iran Crisis: Private Jet Demand Soars, People Pay Millions to Flee Region
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CNBC Awaaz•12-03-2026, 22:03
Iran Crisis: Private Jet Demand Soars, People Pay Millions to Flee Region
•Conflict between US-Israel and Iran causes sharp increase in private charter flight demand to exit the region.
•People are spending up to $350,000 (₹2.9 crore) for long-haul private jet flights to safer areas, especially Europe.
•Commercial flight disruptions due to closed airspace have stranded tens of thousands, leading super-rich to opt for private jets.
•Private jet companies like AirX and SHY Aviation report massive surges; daily flights from Muscat, Dubai, Riyadh jumped from 10-15 to 98.
•Charter prices have significantly risen due to demand, limited aircraft, and increased insurance; a 5-hour flight from Muscat to Istanbul now costs $145,000, up 142%.
