Two people break down the annual cost of owning a private jet: pilot training at $17,000, pilot salaries, hangar parking around $4,000, and rent. They joke it might actually be cheaper than parking a car in New York City.
So you can see some other things. Pilot training, $17,000. Pilot salary, that's— I mean, you add it all together, these pilot salaries for a year are way, way—
Yeah, so his pilot salary is less than his contract pilot fee, so that's just going into the point. I think he can be better off if he hires another pilot. You don't even get a hangar.
You don't even get coverage. Just for parking overnight, you're paying $4,000. Rent.
Well, on an annual rate, that sounds cheaper than New York City car parking.
Rent expense. I gotta ask them what I'm renting here because I don't know what—
oh, maybe that was the life raft.
Anyway, let's go back to the video. So let's tab out of there for a sec. That's what it's really like owning a jet. Yeah, that's when you actually own a jet rather than going to—
actually, that $1.3 million was a really good analysis. Had good line items on the budget, and it's probably a pretty fair number of what an airplane like that would cost to operate.