Steve Varsano says private jet owners fly 50-80% more than they expected to. Once you own one, calling a plane beats chartering or commercial flights. The fixed costs drop per hour as you fly more, so you keep using it.
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Whatever you think you're going to use, when you own a plane, you will do it 50 to 80% more when you have that airplane. Because it's just the ease of just calling up and saying, I want to go tomorrow to such and such a place and we'll come back tomorrow night. If you were going to charter a plane or fly commercially, how much is it going to cost me to do that? You know, I got a commercial, I can't come back, I got to do it the next day. I'm not even going to go. So you won't exercise some of the opportunities as if you had your own airplane. With an airplane, you would just say, let's go. Because again, that variable cost, the more you fly, the less it costs for the fixed cost. So it keeps costing you less per hour the more you fly it. Just an incentive. Yeah. And you could take 3 people from your office if you have to go, or friends or whatever. It just makes it much more user-friendly when you have your own plane.
All right. Well, thank you very much, Steve. Much appreciated. I'll be waiting for that phone call when you say I'm ready. Give it 2, 3 years.
Okay. I'm a patient guy. I'm not going anywhere. I don't think.
