Starting March 1st, 2024, France is imposing a new tax on private jet flights, ranging from €240 to €2,100 per passenger, depending on flight distance.
This move, introduced under the banner of environmental responsibility, raises questions about its impact on business aviation, UHNWIs, and France’s position as a global luxury hub.
🔹 Will it change behavior? Business aviation demand has historically been price inelastic—for UHNWIs, time is the ultimate luxury, and taxation is unlikely to deter flights.
🔹 What about competitiveness? France used to lead in private jet departures in Europe, but higher costs could push more operators and travelers to register and fly from neighboring countries (e.g., Switzerland, Belgium, or even Spain).
🔹 Are private jets being unfairly targeted? While business aviation accounts for a fraction of overall air traffic emissions, it remains a visible target for taxation and regulatory measures. The industry continues to invest in Sustainable Aviation Fuel (SAF) and carbon reduction strategies, but will that be enough to counter rising regulatory scrutiny?
🔹 A shift toward fractional ownership and alternative models? With growing taxes and regulatory pressure, we see more UHNWI shifting toward branded charters, fractional ownership, and alternative registries to maintain flexibility.
This tax is another sign that business aviation needs to actively communicate its value—from economic contributions to sustainability efforts—before taxation and regulation escalate further.
For more information, please contact:
Janet Xanthopoulos
Director and Head of Yacht & Jet Department
j.xanthopoulos@rosemont-yacht.com
April 2025