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CEO defends private jets

Barry LaBov, CEO of the advertising and public relations company LaBov & Beyond, defended the use of private jets in recent interview with CNBC’s Street Signs.

LaBov boasted that these jets are efficient and lead to more work production for companies. He and his employee travel through small airports to bring back work with them to Fort Wayne, where the LaBov & Beyond is based.

The strain in the private aviation industry have resulted in a 12 percent job loss in general aviation in the United States (US). In Wichita, where some jet manufacturers are based, have seen an increase in the unemployment rate from 3.9 percent to 6.7 percent.

You can see the interview here.