Robert L Frank: Richistan
By Elspeth Cisneros | From August 2007
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Airports near big cities and vacation spots are now swarming with private jets. In Aspen, so many private jets jostle for parking spots during peak times of the year that the overrun has to be diverted to nearby Rifle or Vail. On one day in January of 2006, the airport had to divert 150 planes for lack of space.
Private-jet congestion is so bad at New York’s Teterboro Airport that owners have started stowing their planes in Oxford, Conn., or Morristown, N.J.
“On Friday nights in the summer, Teterboro is like a big parking lot,” said Ed Bazinet, a jet owner. “You just sit there, staring at all the other important guys sitting in their jets.”
Reprinted from “RICHISTAN: A Journey Through the American Wealth Boom and the Lives of the New Rich.” Copyright © 2007 by Robert L. Frank. Published by Crown Publishers, a division of Random House Inc
Prosperity Icon: Mind
Category: Pastimes
Tags: richistan, frank, money, millionaire
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