How To Make Money on a Private Jet with Justin of AJAX Jets

[@YFWJ]

Thanks for the platform, Tom! It was a lot of fun meeting you.

[@theultimatejetguide]

Justin it was a pleasure! You did a fantastic job showing the possibilities of business aviation

[@jefflovins4001]

You never let him get to the numbers how much an owner will make monthly or yearly

[@theultimatejetguide]

Hey Jeff - since the video was posted those numbers have changed a bit. Given today's market buying a jet and putting it on a charter certificate is more of a play to off set your fixed costs (hangar, insurance, pilots, etc) rather than trying to generate revenue. For example a Citation Excel may have a Direct Operating cost of $3,000/hour and a charter can charge $3,500/hour retail, thus in 300 hours that 80/20 split will yield you$120k - but of that $120k your fixed costs may result in $100k of bills so your net is $20k which you can use to fly yourself on one trip for the year, or maybe you put it away for future costs. I hope that helps.

[@RickEriksen-v8e]

Hey Justin, are you a pilot or Tom are you a pilot...I am I have over 21,000 hours and happened to be typed in the 50 and I know the operating costs going back a few years and they range from $6,000 an hour at 300 hours to at 1,000 hours which were mentioned to be $4,142 an hour...then checking the AirCharter Guide and the Charter hub the standard price is $4,000...and it takes 1,221 hours to get to break even atn$4,000...so that begs the question, you are saying $7000 which is $3000 over the going rate who gets that $3000 dollars assuming you could find anyone dumb enough to pay that price...and who am I do say things well in 1969 I was specifically approached by the Federal Reserve Bank to create a company to get their canceled checks to all their East coast location on time as I was making it 99.75% if the time...that was Midwest Air charter which became Airborne and today is DHL...Then I was CP for MDNA for 12 years and in 1988/89 created and co-founded Jet Support Services Inc. aka JSSI...So who are guys again?????????

[@tomlelyo9557]

This is great info! Thank you for sharing Rick. And wow! JSSI is a game changer company - thank you for what you did and continue to do for the aviation industry. I’m greatly humbled you took the time to watch this content and leave your comment. Thank you and happy new year.

[@tylerjoshua8737]

😂😂 seems like the owner loses with this business model

[@theultimatejetguide]

It's definitely a challenge. And I don't recommend anyone take "investing" in a private jet lightly. It's not for the faint of heart and most operators will tell you the same. This is merely an option for the small percentage of individuals who have need to own a jet, but want to try and off-set costs. It is definitely NOT for someoen who can't afford a jet to somehow off-set their costs as they may end up under water.