Private Jet Fares Top $20,000 an Hour as Iran War Lifts Demand

A Mjets Cessna 750 Citation X aircraft.

Source: Universal Images Group /Getty Images

Private jet prices that have risen as much as 15% due to the war in Iran aren’t deterring clients of MJets Co., according to the chief executive officer of Thailand’s largest private aviation operator.

“With or without geopolitical issues, the industry is growing every year,” MJets CEO Natthapatr Sibunruang said. “The momentum began during Covid and continues to drive demand for private flights today.”