Steve VarsanoFounder at The Jet Business

Private jet expert destroys noobs

Name: Private jet expert destroys noobs
Uploaded: 2023-11-30T11:12:34+00:00
Duration: 22 s
Channel: Steve Varsano
Description: In this YouTube segment, two speakers argue over the true cost and value of owning a private jet. Speaker B claims that a $25 million jet would cost…

30 Nov 2023 · 0 min

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In this YouTube segment, two speakers argue over the true cost and value of owning a private jet. Speaker B claims that a $25 million jet would cost about $10 million per year to operate and suggests a monthly cost of $800,000, portraying the jet as a poor investment. Speaker A counters, stating the operating cost is far lower—around $250,000 per month (about $3 million per year) when purchased outright, and argues that the jet should be viewed as an investment in the owner's time and business productivity rather than the aircraft itself. The discussion touches on financing versus cash purchase, typical operating expenses, and the broader business rationale for private jet ownership.

Why don't you have a private jet yet? Because it's the stupidest investment in history.
You're going to spend $25 million on something that is going to cost you almost $10 million a year.
Okay, the guy completely doesn't know what he's talking about. It does not cost $10 million a year to operate it, and it's not an investment in the airplane. It's an investment in your time, in your business, and what you can accomplish by having the jet.
It's worth you getting on that jet for $800,000 a month.
He is smoking something because there's no airplane that's going to cost him $800,000 a month based on a purchase price of $25 million. $30,000 a day? Okay, a $25 million airplane, if you finance, let's say, half of it, maybe it can cost you $400,000 a month, which is about $4 or $5 million. That includes financing, but most people pay cash for the airplanes, which reduces your operating cost to $250,000 a month, $3 million a year. That is an ultra-long-range, top-of-the-market airplane, but most people are flying around in What more jets would