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

How I started selling private jets


less than 1m read
·Nov 3, 2024

I started when I was 23 years old, working for a jet broker in Washington DC. In those days, it was maybe six or seven jet brokers in the United States. I don't think there were any outside the United States at the time. It was really in the beginning of corporate jet world; easier to get in. But in those days, they had Tex machines; it was even before faxes.

I didn't start until 13 years ago. I left the airplane business; I was probably in my mid-30s, and I went into private equity. So, I was doing mergers and acquisitions for about 15 years. The world changed when I left the industry; 80% of the jets were in America, and 19% were in Europe, and it was 1% the rest of the world.

Twenty years later, the whole world changed. Russia, China, India, Nigeria, all these places were the places buying jets. Wow, how do we get that business? It's really crazy because you can't go to see a client there, and it's even more impossible trying to get them on the telephone.

When I built the showroom, it was a completely crazy idea. Now, it's easy to get into the industry, but what do you do once you're in the industry? You need that network.

More Articles

View All
Meta Analysis: What is Facebook's Future? (w/ Divya Narendra @SumZeroInc)
Take a look at this. This is the one-year stock price chart for Meta, the world’s biggest social media company. As you can see, it doesn’t look so good at the time of recording, down 44% year-to-date. But if you look at, say, revenue or net income or free…
Animal behavior and offspring success | Middle school biology | Khan Academy
Let’s talk a little bit about reproductive success, which is related to the number of surviving offspring that an animal has during its lifetime. An animal that has more surviving offspring has a higher reproductive success. Now, there’s two broad categ…
Flamethrower vs Aerogel
[Music] This is the ultimate test of aerogel. I put myself on the line to see who wins in the Battle of flamethrower versus aerogel. [Music] So if you really want to see the insulating properties of aerogel, you got to put it to the test. This material he…
Encounter | Vocabulary | Khan Academy
Hello wordsmiths! I hope luck is with us today because on the high seas of vocabulary, there’s no telling what word we’ll encounter. Encounter. It’s a verb, a noun too. The verb means to unexpectedly meet with someone or something, to come face to face w…
Charlie Munger Destroys Fake Gurus in 1 Minute
If you take the modern world where people are trying to teach you how to come in and trade actively in stocks, what’s up? Tim Sykes, millionaire mentoring trader here. I want to teach you. I want to help you. Well, I regard that as roughly equivalent to …
Charlie Munger loads up on Alibaba Stock!
Holy smokes, guys! This is pretty crazy. Charlie Munger has just released the 13F4 for the Daily Journal Corp, and he is buying more Alibaba. Honestly, I shouldn’t be surprised by this, but I am. The reason is because he first bought Alibaba back in Q1 20…