The recession has affected everyone in the world, from single mothers on a budget to millionaire businessmen. The recession has now also affected private jet travel as business executives have been forced to swap their private jets for economy class travel aboard airlines.

The Civil Aviation Authority (CAA) has revealed that use of private jets has fallen by 20% in just 6 months as the recession has taken hold of the most elite of sectors.

The UK was the fastest growing market in the world for luxury air travel, but the recession has halted that in its tracks.

The CAA added:

In straitened times there is likely to be less demand as people and companies shop around for cheaper alternatives.

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