The population of wealthy people is growing, and that is lifting the fortunes of Montreal-based Bombardier Inc., the world’s second-largest maker of private jets.
Private jets have long been a status symbol, of course.
But in recent years, access to private flights has broadened with charters and time-share jets.
And investment banks and wealth management firms that cater to “high-net-worth” individuals increasingly offer advisory services to their clients on what models of private planes to buy and how to finance them.
Private flights avoid security lineups and feature luxury trappings including leather recliners, five-star menus and facials at 40,000 feet in the air.
The rising demand for private flights accounts for the jump in Bombardier’s second-quarter profits, reported last wee