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
Homeroom with Sal & Jacquelline Fuller - Thursday, July 16
Hi everyone! Welcome to our homeroom livestream. South Khan here from Khan Academy. For those of you who are wondering what this is, this is just something we started up several months ago, especially when we all have to become socially distant, as a way …
Office Hours with Kevin & Qasar
All right, hi everyone, my name is Kevin Hail. I’m a partner at Y Combinator. Um, I went through YC myself back in 2006. I co-founded a company called WFU Online Form Builder. Um, ran that company for about 5 years and it was acquired by SurveyMonkey back…
New Hampshire Summer Learning Series Session 5: Writing Coach
All right, good, great! Good morning, everyone. So welcome back to our summer learning series with KH Academy for New Hampshire Educators. Just a reminder that this is part of our summer learning path because we are working to enroll all of you into our p…
Misconceptions About the Universe
There was a time when the universe was expanding so rapidly that parts of it were moving apart from each other faster than the speed of light. That time is right now. A lot of people make a big deal out of the fact that during inflation, right after our u…
Why I'm a Financial Minimalist
What’s up you guys? It’s Graham here. So this is something I’ve never directly addressed before. I’m gonna be getting a lot deeper than I usually go in these types of videos. So let’s just get right into it. This video is being made because several of yo…
Lagrange multipliers, using tangency to solve constrained optimization
In the last video, I introduced a constrained optimization problem where we were trying to maximize this function f of x y equals x squared times y, but subject to a constraint that your values of x and y have to satisfy x squared plus y squared equals on…