Today, even the world's richest people are chartering private jets rather than buying one for themselves. Why is charting a private jet that popular?

Many people think that the costs of hiring a private plane will be extortionate, but private jet chartering is now more affordable than ever before.

JetBlue and American Airlines Group announced their strategic alliance is moving ahead following review by the Department of Transportation (DOT).

Now private jet travelers will not only enjoy the comfort and luxurious accommodations of a private jet but they will also earn miles that can be redeemed for catering, flight credits, and other amenities.