Steve VarsanoFounder at The Jet Business

The truth about corporate jets.

Name: The truth about corporate jets.
Uploaded: 2024-09-24T16:33:27+00:00
Duration: 31 s
Channel: Steve Varsano
Description: Corporate jets are owned by companies, not billionaires personally. The typical interior is less comfortable than economy class. About 70% of passengers…

24 Sept 2024 · 1 min

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Corporate jets are owned by companies, not billionaires personally. The typical interior is less comfortable than economy class. About 70% of passengers are middle-management employees, not executives.

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The richest 1% are not the ones who have the corporate jets. Individuals don't own corporate jets. Really, it's only companies. It is not really a luxury to fly on a lot of these corporate jets. And when you compare what it looks like to sit in the most typical corporate jet in the world, it is far less comfortable than sitting in first, in business, and even in economy on most airlines. Middle management is 70% of the occupants, and the CEO, CFO, COO is maybe another 20%. But 70% of the occupants are middle management.