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
Selling Everything
What’s up, you guys? It’s Graham here. So over the weekend, I’ve received hundreds, if not thousands, of comments either mentioning or asking me to share my thoughts about Meet Kevin selling off his entire 20 million dollar portfolio with the expectation …
Einstein velocity addition formula derivation | Special relativity | Physics | Khan Academy
Let’s say this is me and I am floating in space. My coordinate system, my frame of reference. We’ve seen it before; we’ll call it the S frame of reference. Any space in any point in space-time, we give it X and Y coordinates. And let’s say that we have m…
IMPORTANT Tax Tips That Will Save You Thousands!
[Music] Hey guys, welcome back to the channel! In this video, we are going to be talking about 10 tax tips to help you guys get your tax returns sorted out. Because I’m doing this video specifically now, but as a bit of a reminder that if you’re an Austr…
Homeroom with Sal & Eduardo Cetlin - Wednesday, September 2
Hi everyone! Welcome to our homeroom live stream. Really excited about the conversation we’re going to have in a few minutes with Eduardo Setlin from the Amgen Foundation. I encourage any of y’all who have questions to start putting them in the message bo…
The 5 Millionaire Investing Habits That Changed My Life
What’s up guys, it’s Graham here. So throughout the last 10 years, I have tried every single millionaire productivity optimization life hack that you could think of. From waking up at 5 AM, meditation, creating a to-do list, goal setting, regular exercis…
Why the Electoral College Exists | Nat Geo Explores
Every four years it happens again. All trying to convince you that one candidate above all the rest has the experience, has got the right mix of stuff. “Join me to lead America!” This is crazy! But no matter what name you’re bubbling in, you’re not actual…