Private jets for furry trust-funders

Snoopstamp According to OneSky Jets, a private jet charter company in the US, 15 per cent of its customers say their main reason for chartering a jet is to fly their dog, cat or other pet around.

I have observed before that the twin phenomena of growing dispersion of wealth and sentimentality towards animals is starting to produce bizarre effects. Leona Helmsley, the hotel magnate, left her dog Trouble a $12m trust fund when she died earlier this year.

OneSky does come up with some plausible reasons why people charter jets for their pets. It is very hard to squeeze them into the passenger cabins of commercial flights, the authorities only allow pets to travel in aircraft holds when the outside temperature is not too hot or cold, and there have been a lot of pet deaths in transit.

Still, if the figure is accurate, it says something remarkable, and a bit disturbing, about how much people who can afford it will splash out on their pets. OneSky cites the case of a woman from Chicago who spent $12,000 to fly her two elderly dogs to Maine. That’s a lot of dog biscuits.

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John Gapper is an associate editor and the chief business commentator of the FT. He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of All That Glitters, an account of the collapse of Barings in 1995.

Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.

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