Lots of options depending what you want to do. We can source and install a used system that is serviceable for under $100k. A full blown new system with WAAS LPV is around $220k installed. Send me an email [email protected] and I will get you in touch with my maintenance team to discuss options for your jet.

Depending on a lot of variables, $300k for the 2C, and $200k for the landing gear overhaul, remove and replace

@@YFWJ that’s about half off. These MROs are legalized larceny.

@@BirdDog. Bring your plane to my shop www.PrivateJetMx.com we will take good care of you

More like 50 - 60 in the current climate

No kidding. It's so simple, we all should do it. The fact is, all the asset risk is with the owner. The management company gets their fee no matter what happens.

Truer words were never spoken

Not at all

The jet lives on the road and charters around an owner's schedule. It is not based at the Owner's FBO. This works well for an owner who flies 50 - 150 hours per year. Yes there is quite a bit of maintenance which we budget 1k an hour for, plus engine reserves. There is an abundance of after market parts for Falcons. The 50 - 150 hours of usage would cost $500k - $1.5m (10k/hr) on the open charter market, and the owner is flying for way less than that with the cash flow of the jet.

Registering a jet is a straightforward process that is typically handled by the Buyer's closing attorney and facilitated by Escrow, simultaneous to the sale.

@@YFWJ Ok thanks. Ive heard of jets being registered by a Trust (in a Trust name). Could a Foundation do the same?

@@I_am_ka Yes a foundation can own an aircraft.

at least $500k probably more in this credit climate

@@YFWJ would it be viable to buy and put up a $3m jet for charter?

We don't work with cash flow investors. Our target market is HNWI who are looking to fly for less.

@@YFWJ can people who don't have presence in US buy a jet through a corporation in US and get some credit?

@@nitinmittal213 The corporation (not an individual) would receive the tax benefit, IF any benefit is allowable. For other tax questions you should consult a CPA.

Thanks for your contribution, Wade. For the same $30m as a new Challenger 3500, one can buy 10-12 Falcon 50's. Similar category, similar capabilities but to your point, a CL350 is a nicer ride. You think that a 1C 'heavy check' is cost prohibitive for keeping this jet in the air? Last 1C I did (earlier this year) was $250k out the door for a new lease on life of a 40-year old jet. Being a late model Gulfstream captain, you probably know very little about these planes much less the maintenance cycles on them. To your point, I would not advocate for buying a fleet of brand new planes to make money. Thanks again for playing.

@@YFWJ I know plenty about the Falcon MX schedule and associated costs. Falcons are great aircraft but there are reasons you don’t see them in the Netjets or Flexjet fleets and the same reasons why the old ones are cheap. Thanks for playing

@@wadesaxton6079if you think that a heavy check costs more than the plane is worth, you know very little which looks awful when paired with your bravado. Anyway, not sure what your point is but yeah NetJets and FlexJet do not operate classic airframe.

@bluerootz - bluster and ignorance are two things that look awful together. 1) $510k in 'owner revenue' are the costs that the owner pays to fly on his plane (covering direct operating costs) and this is essentially neutral to the EBITDA calculation, 2) Commissions have already been taken out of the EBITDA (that's what 'net of commissions' means)

@@YFWJ Name calling won’t fix your comically amateur hour spreadsheet breakdown. Anyone buying into a $3.5 M asset isn’t showing up without some basic common sense on how this works. You conveniently made a $1 M commission expense “disappear” from your fake P&L by magically calling it “net” . How about you publish a legitimate P&L from an entity leasing out their plane and we go from there? I couldn’t finish watching but I’m pretty sure you did not factor in interest expense into your cashflow breakdown. If I’m spending $3.5 M plus $90k a year in “commissions” CASH to fly my own plane I could one 1) park it in a 5% yielding treasury and more or less cover the cost of a Jet Card on the interest or go the Delta route and buy into a “shitty” company (eg Wheels Up for $500 M debt) and write off the losses. Don’t play games fool.

Buddy. You've got it all wrong. Yes we take the commissions out of the P&L and show the 'net contribution.' If we added the commissions in the model, two things would happen: 1) the revenue number would increase by 15%, and 2) there would be a 15% commission line item. The end result is the same.

we take 15% off the top which is included in the EBITDA calculations.

I’m sure the the owner will disagree but it’s almost always impossible to earn money chartering out your own jet.

Thank you Bill.

Thanks Tom. Pretty amazing feedback on this episode in terms of inbound inquiries. I appreciate your platform. Thanks a million.

Thanks Bill. God Bless

Thanks for your comment. Airframe maintenance budget on a Falcon 50 in our high utilization model is about $1m a year. The model is self liquidating, and completely different than a low-utilization Part 91 CJ owner. But yes, if someone is scared off by $75k a year in maintenance costs, this isn't for them.

Yes.

Hi Damian. kzbin.info/www/bejne/hnaniJmrorh0mpo. Please check out this video where I dig into the numbers pretty thoroughly. Happy to schedule a call email me [email protected]

Owners in our program generally fly 50 - 100 hours per year, or 5 - 10% of the total hours are owner usage versus charter. Owners schedule their flights on their plane just like a charter. If the owner wants to fly out of TUL, we would book charters to get close to TUL, and would sell it out of wherever that owner is going.