A 23-year-old with $30 million looks at private jets. They filtered 148 models down to those under budget, found a Global that fits 12 passengers and 48 suitcases, and learned the purchase takes 2 to 3 years.
Honestly, what would be the maximum, maximum budget that you would want to spend? $30 million. Okay. Out of 148 models, there's been 27 of them that are priced over $30 million, so we just got rid of those. So we're going to start filtering out those airplanes that don't meet your need. Do you think you're going to get bank financing? Correct, yeah. One of the things people don't ever ask, which they absolutely should ask, is how much baggage can I put in my airplane? I was just on a plane, a Global, the newest, the longest one. There was 12 passengers and 48 suitcases. So the last section of the airplane was just a luggage compartment. It was just piled up inside that plane. You won't exercise some of the opportunities as if you had your own airplane. With an airplane, you would just say, let's go. Because again, that variable cost, the more you fly, the less it costs for the fixed cost. So it keeps costing you less per hour the more you fly it. Pretty good incentive. All right, well, thank you very much, Steve. Much appreciated. I'll be waiting for that phone call when you say I'm ready. Give it 2, 3 years. Okay, I'm a patient guy. I'm not going anywhere, I don't think.
Steve Varsano has a webinar where he discusses the average age of private jet buyers now🛩️👀
Steve Varsano explains the differences between a private jet and a commercial airline🛩️👀
