yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why do billionaires buy used private jets?


less than 1m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

Really super rich, why would you buy a pre-owned aircraft? You could say the same thing about somebody who's not so rich but fairly well-to-do, and they buy a used car. Sometimes you want immediate satisfaction, and if you want immediate satisfaction, you can't buy a new aircraft because it could take one to two and a half years to actually order an airplane and get it manufactured and delivered the way you wanted it custom made.

But the other thing is, like a car, an airplane isn't normally a depreciating asset. Once you buy it and take it off of the showroom floor, if you want to call it that, the price will depreciate. Of course, in the past year because of COVID and because of a lack of supply, prices actually went up instead of going down, which is a real anomaly. In the history of aircraft, that's never happened, which is about 60 years. But this is the first time it did.

Now the market is leveling off. If you could buy an aircraft for a significant discount if it's two, three, four, five, ten, fifteen years old, it does exactly the same thing as a new one. Maybe you might have newer avionics, which are the radios in the cockpit, or it might have a different altitude or something like that. But if you could buy some half price off of a new one, that makes a very convincing sales story.

More Articles

View All
Water Efficiency at Home | National Geographic
In the United States, we’re facing a national water shortage. Government-backed research shows that in a little over 50 years, half of the freshwater basins may not meet our demands. For this story, I’m in my home state of Florida. Here, the water crisis …
Peter Lynch: How to Invest in an Overvalued Market
One thing you’re trying to do is say all these public companies out there, here’s the company I really like. The fundamentals are terrific, their earnings are doing well, the competitors are doing poorly. I think this company’s doing terrific, and all of …
Socrates Plato Aristotle | World History | Khan Academy
Ancient Greece was not even a cohesive empire; it was made up of many city-states led by Athens and Sparta. But despite its fragmentation, it made innumerable contributions to not just Western civilization but civilization as a whole. Those are contributi…
Zambia’s National Handball Team Dreams of Olympic Gold in 2020 | Short Film Showcase
[Applause] Yeah, a maternity. We should let not a dream die as a dream. So we want to play at the Olympics. The boys want to play at the Olympics. A Masada mundo. I play left wing on the Zambian actual number on bottom. Yes, I’ll be turning 20 on 18th Oc…
Michael Seibel - Building Product
Without any further delay, I will introduce to you Michael Seibel, the CEO of Y Combinator, the founder of companies like justin.tv and Twitch, and Socialcam, to begin what is going to be a deep dive into product over the next several lectures. Michael: …
Gradient and graphs
So here I’d like to talk about what the gradient means in the context of the graph of a function. In the last video, I defined the gradient, um, but let me just take a function here. The one that I have graphed is (x^2 + y^2) (f of xy = (x^2 + y^2)). So,…