FOR many people, private jets seem like an extravagance. But for busy executives and celebrities, the time savings, convenience, and extra security they offer make them more of a necessity.
Lately, however, they’ve come with an added cost: eco-guilt. Younger generations are putting pressure on their wealthy parents and grandparents to consider their family’s contribution to global warming, says Darren Kelland, who handles the affairs of ultra-high-net-worth clients at Hawksford, a financial services company based on Jersey, one of the UK’s Channel Islands. He recalls that one client’s daughter wouldn’t let her father purchase a private jet without a plan to offset its emissions.
Read more at: Business Times
