Steve VarsanoFounder at The Jet Business

Revealing the truth about corporate jets to next generation.

Name: Revealing the truth about corporate jets to next generation.
Uploaded: 2024-10-29T17:05:38+00:00
Duration: 30 s
Channel: Steve Varsano
Description: Most corporate jet passengers are middle managers, not CEOs. A private jet only makes financial sense if you'll fly 150-200 hours yearly; otherwise…

29 Oct 2024 · 1 min

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Most corporate jet passengers are middle managers, not CEOs. A private jet only makes financial sense if you'll fly 150-200 hours yearly; otherwise charter it. But chartering means constantly hunting for available planes and worrying about their condition.

The perception of people flying around in these things with golf clubs and skis and champagne and all, it's not really that way. 70% of all the people flying on a corporate jet are middle management, and about 20% are the CEOs. So really a small, small percentage is really used for private use. Unless you're gonna really fly more than 150 or 200 hours a year, you shouldn't buy a jet. It's just logistically, once you start chartering, then it just becomes like a full-time job trying to find an airplane. And then you never know what kind of airplane's gonna show up. You don't know the condition and things like that.