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Forbes
05-07-2025
- Business
- Forbes
Climate, Anti-Wealth Groups Fail To Stymie Demand For Private Jets
Efforts by climate and anti-wealth campaigners to hold back demand for private jet flights are failing, at least so far in 2025. Despite efforts by more countries to impose taxes on private jet flights (as well as first- and business-class tickets on airlines), demand for private jet flights increased during the first half of 2025 compared to 2024. WingX data shows that worldwide private jet segments increased by 3% through June, resulting in more than 1.8 million departures. And it wasn't just jets. Turboprops flew over an additional one million flights, a 2% year-over-year increase. The gains come after two years of slight decline after Covid-led demand peaked in 2022. So far in 2025, only two weeks have seen a year-over-year dip, including Week 1. Since then, the industry has experienced increases in 22 weeks, with two weeks showing no change. In the U.S., the largest market for private aviation, departures increased by 3.6%, and flight hours rose 3.4% year-over-year, according to WingX. All the major cabin-size categories saw gains (only entry-level jets and VIP airliner jets saw dips). Light jets, the largest segment of the industry (26.5% of departures in H1), saw a 3.5% year-over-year increase, although flight hours were only up 2.7%, indicating more short hops. The ability to fly nonstop and avoid connecting via hubs, as well as the convenience of flying instead of taking long drives, are among the top reasons users choose private flights, according to research by Private Jet Card Comparisons. However, it wasn't just above short hops. Ultra-long-range jets, which can fly 12 hours or more nonstop, saw a 5.3% increase in segments, tied with super-light jets for the biggest year-over-year gain. Even in Europe, where groups regularly target private jet users with protests at airports, the segment increased by 0.3% year-over-year. France, Europe's largest market for private aviation, saw a 1.1% increase in demand despite efforts to increase taxes on charter flights. Among the 10 largest markets, Spain led the way with a 5.3% year-over-year gain, while Italy (+3.8%), Sweden (+0.7%), and the United Kingdom (+0.7%) all saw year-over-year increases in private jet flights. What's more, the industry appears bullish on itself. NetJets took delivery of its first two Embraer Phenom 500s. It has options for up to 250 midsize jets, in addition to options and orders for over 1,500 more private jets from Textron Aviation and Bombardier. A mystery buyer placed a firm order with Bombardier for 50 jets. The Canadian manufacturer stated that it is a first-time customer, ruling out the three most prominent players – NetJets, Flexjet, and Vista Global – and indicating that it could be a new entrant. The order, which includes options for 70 more jets, is initially valued at $1.7 billion and could range to over $4 billion. Bombardier only manufactures super-midsize, large, and ultra-long-haul private jets, all with stand-up cabins across its Challenger and Global lines, meaning whoever is behind the order is seeking to play in the premium, long-haul segment of the market. That follows a record order by Flexjet with Embraer earlier this year that will see it double its fleet to over 600 aircraft by early next decade. NetJets expects to take delivery of approximately 90 new jets this year, according to company executives. The unit of Berkshire Hathaway, which offers fractional ownership programs, said the airplanes it received were sold to customers before their arrival. While concerns about tariffs and trade wars persist, Q1 pre-owned private jet transactions among members of the International Aircraft Dealers Association increased by 24%. The General Aviation Manufacturers Association, which tracks deliveries of new private aircraft, has an 11% year-over-year increase in business jet deliveries in Q1, however, that trailed the increase for turboprop deliveries, which were up 23.1% year-over-year. Bonus depreciation, part of the Big Beautifull Bill, passed by the U.S. Congress and signed into law by President Donald J. Trump, which applies to private jets used for business, is expected to add froth to the market.
Time of India
08-06-2025
- Entertainment
- Time of India
Stolen ending explained: Was Champa really Jhumpa's daughter and what happened to Gautam?
Stolen ending explained: Since its recent release on Prime Video, Abhishek Banerjee's Stolen has been making waves, drawing praise from both audiences and critics. The film has stood out for its tense, gripping storyline, compelling characters, and standout performances most notably Banerjee's own intense portrayal. As the credits roll, viewers are left with lingering questions about the truth behind Champa's identity and what ultimately happened to Gautam. If you're looking for answers, we've broken down the film's thought-provoking ending for you. What is Stolen on Prime Video about? Stolen tells the story of a baby's abduction from a railway station, which leads to two innocent brothers being falsely accused of the crime. The movie is inspired by the tragic 2018 lynching of two men in Assam. With its gripping plot, well-etched characters, and hard-hitting themes, Stolen has been earning rave reviews from critics and viewers alike. (Spoilers ahead, you know what to do) Stolen ending explained Diving straight into the major plot points and climax, it's important to note that Gautam was initially against helping Jhumpa, while Raman was determined to go all out to find the baby. However, Gautam later realized the urgency of the situation especially after seeing his own brother in a critical condition. Was Champa actually Jhumpa's daughter? Yes, Champa was indeed Jhumpa's daughter in the sense that Jhumpa had given birth to her as an illegal surrogate for a wealthy woman. According to the contract, Jhumpa was supposed to give up one child, but the people involved tried to take away her other baby as well to sell her. That's why she kept insisting that Champa was her daughter. What happened to Gautam and Raman? In the movie, a tragic mob lynching occurs in which both Raman and Gautam are severely injured. Jhumpa and the brothers take shelter in an unknown place to help Raman rest, as he was bleeding heavily. Jhumpa goes out to search for her daughter, and after a while, Gautam also leaves, but this proves to be a bad decision because the mob finds him and brutally attacks him. Fortunately, the police arrive later and try to save Gautam by telling the mob that he did not steal the baby. Did Jhumpa finally find Champa? Gautam connects the dots and realizes that the ambulance driver at the hospital they were at is involved in Jhumpa's baby's kidnapping. He also does his best to find Achelaal, the man behind it all. Gautam discovers that another baby is being sold to some people and uncovers how deeply illegal surrogacy is rooted in that hospital. Jhumpa then arrives, recognizes the baby as Champa, holds her in her arms, and lets out a sigh of relief. Stolen cast and crew The film stars Abhishek Banerjee, Shubham Vardhan, Mia Maelzer, Harish Khanna, and Sahidur Rahman. It is directed by Karan Tejpal and produced by Anurag Kashyap, Kiran Rao, Nikkhil Advani, and Vikramaditya Motwane. Where to watch Abhishek Banerjee's Stolen? You can stream Stolen on Prime Video. For more news and updates from the world of OTT, and celebrities from Bollywood and Hollywood, keep reading Indiatimes Entertainment.
Hindustan Times
22-05-2025
- Entertainment
- Hindustan Times
Priyanka Chopra's massive necklace is the only thing we can see as she dazzles at Bvlgari event in Italy. Pics
Priyanka Chopra is still having a blast in Sicily, Italy. The actor attended another event hosted by Bvlgari for their brand new Polychroma jewellery line made from the rarest gems. She was accompanied by Filipino star Pia Wurtzbach, South Korean actor Kim Ji-won, and the creative director of Bvlgari, Lucia Silvestri. Let's decode what the actor wore. Also Read | Aishwarya Rai's Cannes necklace with ivory saree had insane 500 carats of Mozambique rubies and uncut diamonds Priyanka is known to attend Bvlgari events decked in their exquisite jewels, and for this event too, she opted for gorgeous pieces from their collection. This time she wore a gold chain-link necklace adorned with multi-coloured precious gems, including jade, sapphire and ruby crystals with a single massive ruby pendant. She complemented the neckpiece with matching dangling gold earrings adorned with teardrop crystals. A serpentine ring and a stylish gold and diamond bracelet adorned with a precious stone rounded off the look. A post shared by Patty Cardona (@jerryxmimi) The Desi Girl opted for a pearl white ivory floor-length dress featuring a strapless design with a plunging square neckline, and a smocked design decked with delicate embroidery. The silk ensemble also features floral thread design, a figure-hugging silhouette highlighting Priyanka's curves, a tulle overlay on the skirt, a floor-grazing length, and a raw asymmetric hem. With her tresses left loose in a side parting and styled in a backswept style, the actor chose feathered brows, subtle smokey pink eye shadow, mascara-adorned lashes, flushed cheeks, glowing highlighter, berry-toned lips, and a hint of kohl on the upper lashline for the glam picks. Meanwhile, Priyanka's fans loved her new look from Sicily and showered her with compliments. One Instagram user wrote, 'I mean, this is the Pri I'm talking about; her makeup looks so perfect.' Another commented, 'Pri looks stunning as always.' A fan's comment said, 'That face card is ufff.'
