In the time that it takes you to read this sentence more than 250 people will have moved to a city for the first time. There has never been a time in history when so many people live in cities. The United Nations estimates that 3.2 billion people live in cities; by 2030, it forecasts that it will be 5 billion people. That means that three out of every five people will live in cities, compared to less than 3 percent in 1800.
The other effect of urbanization is the growth in megacities – cities with a population of more than 10 million people. In 1950 the world had two: New York and Tokyo. Now there are 33 megacities.
But what does this mean for business aviation? One theory is that megacities could be bad for business jet sales. One of the key benefits of business aviation is the ability to fly to underserved airports. Airlines connect megacities because the main growth in megacities is happening in Asia. This means they are also served by good airlines (at the end of 2013, eight of the 10 largest megacities were in Asia – including all of the top six places. China, alone, had three.)