Steve VarsanoFounder at The Jet Business

How to sell a $90,000,000 private jet 😳

Name: How to sell a $90,000,000 private jet 😳
Uploaded: 2024-03-02T21:35:50+00:00
Duration: 34 s
Channel: Steve Varsano
Description: A buyer with an $80-90 million budget looks at Gulfstream jets with Steve Varsano. A new G650 costs $62 million, a 10-year-old runs $36 million…

2 Mar 2024 · 1 min

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0:34

A buyer with an $80-90 million budget looks at Gulfstream jets with Steve Varsano. A new G650 costs $62 million, a 10-year-old runs $36 million. Operating costs hit $1.2 million yearly for pilots, insurance, and hangar, plus variable costs per flight hour.

You have a budget in your mind for this first airplane? I can go all the way up to $80-90 million. I really like the Gulfstream product, G7 and G8. You're my guy. I definitely can. $62 million is a new one. 10 years old is $36 million. Let's say you get something under 3 years old. You're going to be somewhere in the $50s. Okay.
Inside height, I'm 6'3", so that's important to me.
The G650 ticks every box.
I can have a dedicated 2-pilot cabin attendant.
When you have your own crew, they baby that airplane. That thing is just top, top, top. Flight attendant knows what kind of food you like. Cashmere blankets that nobody else has slept on.
Cashmere blankets? I would have never thought of that. Looking at 2 pilots, $150,000 to $250,000 a year.
The head captain will probably get— copilot, you might need 3 pilots because one guy is going to be always on holiday or going to flight training. For G650, you have fixed costs and you have variable costs. Your fixed cost, it's the pilot salary, insurance, hangar. That number is about $1.2 million. Okay. Variable cost, every hour you fly