Steve VarsanoFounder at The Jet Business

Reacting to Iman Gadzhi on who really owns corporate jets.

Name: Reacting to Iman Gadzhi on who really owns corporate jets.
Uploaded: 2025-02-10T18:19:04+00:00
Duration: 18 s
Channel: Steve Varsano
Description: In this short YouTube reaction, Steve Varsano (Speaker A) and a co‑host (Speaker B) discuss the surprising backgrounds of corporate jet owners that Iman…

10 Feb 2025 · 0 min

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0:18

In this short YouTube reaction, Steve Varsano (Speaker A) and a co‑host (Speaker B) discuss the surprising backgrounds of corporate jet owners that Iman Gadzhi mentions. Speaker A notes that when chartering a jet he always asks the stewardess about the owner’s business and consistently hears about “boring” industries such as waste management or niche software for mortgage brokers, never glamorous ventures like fashion or coffee shops. He emphasizes that the $30 million jet many people put on vision boards is often funded by very ordinary, low‑profile businesses—citing a waste‑collection empire as an example. Speaker B adds that jet‑owning companies span many sectors (tech, manufacturing, pharma) and that there is no single type of business that exclusively owns jets. The dialogue highlights the gap between public perception of jet owners as ultra‑rich entrepreneurs and the reality that many earn their wealth from mundane, service‑oriented sectors, and it hints at the economic logic behind chartering versus owning jets.

It's funny, whenever I charter a jet for a flight, I always ask the stewardess what the owner of the jet does for a living. And let me tell you something, they never say, oh, he started a fashion brand, or he started a coffee shop. They tell me they have boring businesses and things like waste management, or that they started a software company that helps mortgage brokers.
This is pretty unique. I think that most companies actually which own corporate jets, they have a variety of different subjects. It could be tech, it could be in manufacturing, it could be pharmaceuticals. There's no people who say yes or no by a different type of business.
So let's really break this down. The owner of the $30 million jet, the one that you put on your vision board, the one that I have to charter for $50,000 a flight because I can't afford to buy it myself, he made his money in collecting people's garbage.
Reason why corporations do rent their airplanes out is because they don't use the airplane enough to really justify having an expensive asset sitting on the ground doing nothing. So they do try to reduce their cost and amortize their fixed costs, which are their crew salaries and hangar costs and insurance, things like that, over more It makes a lot of sense for an owner to rent the airplane out and earn some revenue and keep the airplane busy. The other thing is airplanes do like to fly. They don't like to sit in hangar and doing nothing because seals dry up, wires get old, and they corrode. The more airplanes fly, the better it is. Just like a human being, you just want to sit in bed and do nothing for a day, a week, a month, you're not going to be in as good shape as the person who gets up and walks all the time.