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

How much does it cost to own a corporate jet?


less than 1m read
·Nov 3, 2024

If you have a small jet, it's going to cost you about a million bucks a year. If you have a large cabin, it's going to cost you 2 million bucks a year. And if you have an ultra-long-range airplane, it's going to cost you 3 million bucks a year. That's based on 400 hours a year.

You can cut that cost a lot because if you only fly 200 hours a year, you can rent the airplane out the other 200 hours, and it could reduce your fixed cost considerably. You will never rent it out enough to fly for free because if you rent it out enough to fly for free, the airplane has to fly too many hours to be available to you.

It's not how much you can earn before you can own an airplane. Is a million dollars in cash flow going to transportation something that your company can afford, and will it help you benefit and expand? That's the question.

By the way, we're talking about jets. You can get a little single-engine airplane that's going 200 to 230 mph. If you're in a regional area where you need to see clients, you can get away with nothing. A couple hundred or $500 for a twin engine an hour to run those things, and all of a sudden, it becomes much more conceivable to actually buy a corporate airplane. It doesn't have to be a jet.

More Articles

View All
How to Destroy a $100 Billion Valuation
Shiin is an incredibly successful Chinese fast fashion company known for making unbelievably inexpensive apparel that’s insanely popular with Gen ZZ consumers. It was one of these companies that absolutely flourished during COVID times. They are an early …
2020 Berkshire Hathaway Annual Meeting (Full Version)
Well, it’s uh 3:45 in Omaha, and this is the annual meeting of Berkshire Hathaway. It doesn’t look like an annual meeting; it doesn’t feel exactly like an annual meeting, and it particularly doesn’t feel like an annual meeting because, uh, my partner 60 y…
Revolving vs installment credit | Loans and debt | Financial literacy | Khan Academy
So, let’s talk about two very broad categories of loans. One is installment loans, and one is revolving loans or revolving credit. If we’re talking about installment loans or installment credit, that’s a situation where you’re borrowing one usually large…
The Scariest Thing About ChatGPT No One Is Talking About
Imagine you had a personal Search Assistant who can not only track down answers in a fraction of a second but good breakdown complex topics, offer personalized recommendations, and even do your work for you. It’s a scenario you might not have to imagine f…
Who is Manipulating Facebook? - Smarter Every Day 215
Facebook is a great way to connect. People plan events there; you can sell things. People tell me that if they advertise on Facebook, they actually get more business. But any time you combine two billion people in one location, people are going to try to …
Judging outliers in a dataset | Summarizing quantitative data | AP Statistics | Khan Academy
We have a list of 15 numbers here, and what I want to do is think about the outliers. To help us with that, let’s actually visualize the distribution of actual numbers. So let us do that. Here on a number line, I have all the numbers from one to 19. Let’…