Today's Business Headlines 01/08/26
upgrade for private jets , with CEOs and executives celebrating the fact they can now take Zoom meetings and calls without interruption while flying. “It’s the largest single advancement in aviation technology since modern commercial aviation,” said Max Schrage, a jet broker who has seen a surge in demand for the satellite internet service on charters since it was unveiled in October 2022.
“We have clients who only fly on Starlink-equipped aircraft, and it’s replicated the productivity of being in an office.”“This is transforming the architecture of work — I can bring a team with me now and make it a floating office,” said one CEO who flies on a weekly basis and asked to remain anonymous.“Once people are exposed to it, they require it moving forward,” Schrage said. “At the beginning of last year, maybe 5% demanded Starlink when chartering jets — now that number has jumped to 30%.” Wealth tax threat prompts at least six billionaires to cut ties with California, as about 20 more mull exitNew restaurant from Catch Hospitality Group set to bring ‘light and fire’ to SoHo “We have clients who only fly on Starlink-equipped aircraft, and it’s replicated the productivity of being in an office,” jet broker Max Schrage said.Those who own or lease jets are upgrading their aircraft as well. “The rate at which people are adding Starlink to aircraft is much higher than people upgrading WiFi previously,” Schrage adds. The cost of adding Starlink is significant. It requires drilling hardware into the pressurized fuselage at the top of an aircraft to install an aerodynamic antenna that looks like a small hump on the top of the plane. The installation costs more than $300,000 and can put the aircraft out of commission for three to five weeks., an indispensable insider insight into the innovations, moonshots and political chess moves that matter most to NYC’s power players . But for jet charters — which can charge six figures for a flight across the continent — or billionaires with money to burn, that investment is well worth it. It’s not just private fliers who can experience perfect connectivity. A handful of commercial airlines such as Qatar Airways already have Starlink, andWhile executives see this as a way to dramatically increase productivity, not everyone is on board with being constantly reachable. “Flying used to be my one reprieve… the one time I had an excuse to avoid calls and avoid emails,” one mid-level employee said. “Now even that is being taken away from me.”
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