Don't Buy a Private Jet

[@smacfe]

Excellent topic. Biggest reason that private statistics are bad is that people have no clue how expensive it is to own and operate an airplane. You focus on pilots, because you are one, but maintenance is astronomical as well and there are numerous opportunities to scrimp on it. Also, upgrades to systems and avionics can be delayed or ignored altogether at great peril. Nobody ever mentions things like crew expenses (hotels, per diems, car rentals, etc) but they can be enormous expenses as well. I tell anyone who asks, buying a plane is the cheap part, owning it is the expensive part.

[@NaviRon-xg3ep]

I really appreciate this video because it helped me to have better understanding owning an airplane. Thank you so much for this video.

[@dennisyannoutsos9689]

The problem is with today's modern women who will leave a guy 80% of the time statistically makes it a huge risk for married pilots. Anyway considering the recent issues that a scary as hell with Boeing its even more reason to go private and probably safer too considering what is coming to light on a daily basis about the company. Plus at least you dont have to employ staff like airlines and Boeing contractors do based DEI policies so you get the best person for the job based on qualifications

[@kennp9184]

Very good information to know about buying a private jet and all of the Operating Cost.

[@ericrosolack4561]

Very solid, appropriate and important advice! Much applies to topics beyond flying as well.

[@parimal7528]

Fab, it will be nice if a video is made on engine maintenance program comparison while buying a jet & selecting right engines if options are available.

[@jonyq107]

Remember. Part of the annual cost would also be money out of market. You’re not able to make 5% or whatever on your money because it’s stuck in an airplane

[@BizJetTV]

As a business tool, if used in a certain way, the jet will make you far more money and pay for itself.

[@jonyq107]

@@BizJetTV agreed. But 5% on 10 million still needs to be included in an annual operations budget expenses

[@godfreyhope2007]

The best information i could get! Going to buy a Sunseeker boat and keep to Vista Aviation for my trips. Many thanks!

[@BizJetTV]

Sunseeker yachts are very nice. As far as Vista, I suggest we have a chat.

[@JoeSmith-nu8oo]

You need to be a millionaire just to own and fly a new 182 in this day.

[@michaelshaw8370]

If you even spend less than ten percent of your hours on your aircraft in the cockpit. Always having a good chief pilot with you is not only a safety concern. The workload under normal conditions is reasonable. The more stress factors come into play. Be they an issue with say weather, or system issues requiring rerouting to secondary or other alternate, maybe into a major hub or into a difficult approach. Having that extra set of eyes and steady hand. The guy who has done this for years. He will guide or when needed take over. Even if you get the all the required hours and training in to qualify to operate that aircraft. The lowest qualified crew member in the cockpit the higher percentile of the total PIC am I correct in that would adversely affect the insurance and liability loading?

[@stevemartin7464]

OK, I wont, I was just about to pop out and get myself a jet, now I wont.

[@billschober4011]

Are you familiar with the program at Ajax jets? Your opinion?

[@BizJetTV]

Hi Bill, I prefer to answer these types of questions privately. Email me [e-mail]

[@alexmaclean1]

I feel like most people are better served chartering each flight and let someone else worry about everything.

[@franciscogomes4416]

Ok I will not buy a private jet, instead I shall buy a ice cream 🍦

[@reezndukwe9339]

Lol 😅😂

[@52975298]

Great video!

[@jasoncrandall]

I LOVE spending $$ on my jet. Nothing else I’ve ever owned returns as much.

[@BizJetTV]

If you look after your jet by spending money on preventative maintenance and upgrades you will only benefit. Wise move!

[@niebeling]

The ridiculousness of the relationship diatribe regarding the correlation between pilots being in a relationship/marriage and stable mental state is easily the most absurd statement regarding human factors. In my 35 years as a private jet pilot, the most unstable pilots are married. Full stop.

[@bilyd333]

$5m/yr to fly a $10m jet? Uhhhh... Wrong. Unless you are ingesting gold bars on board? Lady Gaga for in flight entertainment? Did you dig up Neil Armstrong to pilot this jet? Liquid diamonds for fuel?

[@Quisqueyax]

I have 400 pilots available with one click. And more than 900 planes. Go commercial. 😊

[@volkanaldar5065]

Sir, you do not know what you are saying, means you do not have a thing called "assumption"... A private jet is built like a tank, is not as unstable and fragile as a commercial airliner, it can fly under certain angles that a big plane can't !

[@BizJetTV]

I just stick to the facts. there are many reasons why private jet crashes are 200x more fatal than airliners.

[@son9824]

@@BizJetTV200x is exaggerated and most reasons are that they are either very old and small planes or that they havent been maintained bc of the owner cutting corners.

[@BizJetTV]

@@son9824 probably older planes