The coronavirus is grounding the world's high-flyers – particularly those from China – and companies that operate and service the global private jet fleet are feeling the pinch.
Paul Little, the Financial Review Rich List developer and owner of Melbourne Jet Base, the $100 million facility that opened 18 months ago in a corner of Melbourne's Tullamarine Airport, said arrivals at the facility servicing celebrities and high net worth clients of Crown's Southbank casino had fallen as a result of the COVID-19 strain of the virus.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
