The airplane fuel shortage is a myth propagated by airlines who want to cancel unprofitable flights, says private jet CEO
Fortune
Last updated: May 14, 2026
Greg Raiff, CEO of Elevate Jet, asserts there is no jet fuel shortage, contradicting concerns about potential disruptions. This statement addresses anxieties that might arise from geopolitical events that could impact global fuel supplies.
- The Strait of Hormuz, a critical maritime chokepoint, is potentially facing closure. This waterway accounts for the transit of over 20% of the world's jet fuel supply. Despite this, Raiff emphasizes that the availability of jet fuel remains uncompromised. His company, Elevate Jet, specializes in private jet services, indicating a direct operational perspective on fuel availability. The CEO's statement aims to reassure stakeholders and the broader aviation industry that current fuel reserves and distribution channels are sufficient to meet demand. The potential closure of the Strait of Hormuz, while a significant geopolitical concern, has not translated into a tangible jet fuel deficit for the aviation sector. This suggests existing supply chain resilience and alternative sourcing capabilities are in place.
