Steve VarsanoFounder at The Jet Business

What type of person actually buys a private jet?

Name: What type of person actually buys a private jet?
Uploaded: 2023-08-29T17:55:56+00:00
Duration: 23 s
Channel: Steve Varsano
Description: In a brief dialogue, Speaker A clarifies that private jets are generally not purchased by individuals but by corporations. These corporate buyers are…

29 Aug 2023 · 0 min

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In a brief dialogue, Speaker A clarifies that private jets are generally not purchased by individuals but by corporations. These corporate buyers are typically small to medium-sized companies with fewer than 500–1,000 employees, using the aircraft for regional trips of about 500–1,000 miles. Occasionally, a corporation may be owned by an individual, but the primary market remains corporate. Speaker B acknowledges the information and notes there is essentially a single source for acquiring a jet for a corporation.

Hey Steve, what type of person buys a private jet? Actually, people don't buy private jets. They're actually bought by corporations. Sometimes a corporation is owned by an individual, but most of the time the companies that buy corporate aircraft are small, medium-sized, have less than 1,000 or 500 employees, and they're used really for regional, more like 500 or 1,000-mile trips. That's the kind of company that usually buys an airplane.
Thanks, Steve. I know where to bring my corporation to buy our new jet. There's only one place to buy a jet.