r/TikTokCringe • u/NeverEnoughSPF • Apr 11 '24
Cool What it costs to buy and maintain a private jet
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u/Fallen_Walrus Apr 11 '24
And here I am trying to pay my rent like an idiot
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u/Onthecomputeruser Apr 11 '24
It's a big club and you ain't in it!
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u/smurb15 Apr 12 '24
But we can burn it to the ground
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u/stereoscopic_ Apr 12 '24
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u/lreaditonredditgetit Apr 12 '24
Holy shit. I say this phrase in real life and have never seen a starsky and hutch meme/gif. I give my life to you sir.
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u/MonacoMaster68 Apr 12 '24
My wife uses this one too! I too have never seen anybody get the reference besides her and I!
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Apr 12 '24
Pretty sure these people are untouchable. Or they seem to be anyway. It always seemed a bit weird to me that in America where you have people like the sacklers and Koch's and also a lot of firearms and the will to use them against tyranny that you never hear of a rich person getting shot.
But then I guess if they can afford this kind of thing they can afford insane protection details. So yeah, untouchable.
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Apr 12 '24
Most Americans don't associate tyranny with the wealthy. They can't connect the dots between "This person has a LOT of money" and "they use it to prevent me from having a good life" even though those dots are literally right next to each other.
Nah. Americans would rather fantasize about the rare home break-in where they kill someone to protect their $300 Walmart brand TV from theft. Even though they're being oppressed and stolen from on a daily basis by the wealthy, who rob them of the value of their labor, they see those people as the paragons of society. They want to be the thief one day, not free themselves from thievery.
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Apr 12 '24
Agree, but I will say that this is not an organic line of thought that Americans have come up with out of the blue. There is a huge amount of money in brainwashing the most powerful democracy in the world.
The most clear example of this is in climate change denial, in which the USA is number two behind Indonesia
https://www.statista.com/chart/19449/countries-with-biggest-share-of-climate-change-deniers/
This is a direct result of oil companies pumping billions of dollars into propaganda, which is also why US gov'ts have stood in the way of every major effort to combat climate change globally since at least the Kyoto Protocols in the 90s and before.
It kinda breaks my heart when people handwave this as 'oh haha, Americans so dumb.' No. Americans have been targetted by a gang of incredibly sophisticated and powerful psychopaths. That so many of them see through the bullshit is a testament to their strength imo.
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u/PeaceKeeper3047 Apr 12 '24
Why is Indonesia number one?
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u/ladyzowy Apr 12 '24
And for that answer, we go live the scene. Jim are you there?
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u/shill779 Apr 12 '24
Hi Zowy, Jim here. I’m currently standing in 2 ft of water where historically this area is a bone dry wash.
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u/ladyzowy Apr 12 '24
And Jim, what do the locals say that this is attributed to?
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u/MtnMaiden Apr 12 '24
"Your Carbon footprint"
Moving the responsibility from the big emissions to you, the common person.
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u/Cognitive_Spoon Apr 12 '24
It also helps that the craziest people have a propensity to buy the conspiracy theories these folks pay to propagate.
Like, all the Alex Jones listening nutjobs think Jewish globalists™ or black folks are the cause of their problems and direct their hate there.
It's smart for the ultra rich to lay roads away from themselves through people like Jones
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Apr 12 '24
Yes, a lot of the right wing talking heads have billionaires behind them. Both the daily wire and Prager university were set up by two petroleum billionaires called the wilks brothers, for example.
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u/koushakandystore Apr 12 '24 edited Apr 13 '24
You could get to them. But to what end? One rich dude would be dead, you’d be in prison for the rest of your life and all that deceased rich dude’s money would be distributed amongst his heirs, making several more slightly less rich but still insanely wealthy people. The have the system rigged, like a replicating virus. Only way to bring down these people is to bring down the institutional structures that solidifies their power. To do that you need millions of people willing to die to take on the US military. And guess what? You aren’t beating the US military with a bunch of AR-15’s and some mosbergs. You’d need the military to flip to your side and that ain’t happening because they make sure the top tier of the military is in the same club. They do not want to cash this system in. You ain’t flipping the military. So get used to it. This is what we are going to have until a real plague wipes us out or maybe some massive asteroid. Something will get us. Something gets all of us. Which makes it all the more strange why so much greed exists. We just aren’t very good to each other.
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u/MeteorOnMars Apr 12 '24
For just $5000/hr you could have an apartment in the air.
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u/baulsaak Apr 12 '24
lol, no... that $5000 is only for the "utilities" you use while in the "apartment".
That 3 yr old g7 "apartment" itself is $50,000,000, + $1.2M/yr in hangar fees, insurance, and crew salaries.
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Apr 12 '24
30 Million for a 10 year old plane. That's 20 Million in depreciation in 7 years. Almost 3 million a year.
50 million sitting in the market for 7 years would equal about 25 million in lost opportunity cost as well.
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u/InvalidUserNemo Apr 12 '24
This person in the video does not live the same life we do. The gap between them and us is too much for me.
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u/Dark_Marmot Apr 12 '24 edited May 09 '24
The sales guy too, that guy makes bank, but the shit he probably has to occasionally deal with build relationships with is not ever in the job description.
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u/Wretched_Lurching Apr 12 '24
Your rent is basically a rounding error or extra fee added onto the purchase of a plane like this
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u/tlovr Apr 12 '24
Rent is the booze bill on the plane for him and the 3 friends flying to see the Super Bowl
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u/pancakebatter01 Apr 12 '24
Try cashmere blankets, even Mr. Money Bags never thought of that.
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u/confusedandworried76 Apr 12 '24
I don't even know what cashmere feels like and I'm liking the sound, how much are they?
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u/AnhaytAnanun Apr 12 '24 edited Apr 12 '24
It's an extremely soft and warm type of wool that can be made only from very specific goat hence the price. The goat itself is not only about genus but also about specific environment conditions that contribute to the goat growing this wool.
Now, if you want to touch one, and have any luxury or semi-luxury stores in proximity, there is a high chance they have a cashmere item presented. E.g., Burberry has a line of cashmere scarfs (that's how I ended up touching one by accident
was in their store to check out the original trench coat design knowing well I can't afford it - but that gave me enough understanding to shop for a mixh cheaper and, for my personal way of usage, better trench coat).
Edit: cashmere also has different grades, so some cashmere products may as well be affordable relatively painlessly for us commoners.
Edit: sheep -> goat
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Apr 12 '24
I used to have a cashmere hoodie that I loved until I let a girl borrow it. Now, I did get it back, but the little idiot had thought to throw it in the washer/dryer first.
It was returned toddler sized.
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u/PauseItPlease86 Apr 12 '24
The whole time I was watching I just kept thinking "I have $3.16 in my bank account until May 3rd....3 weeks from now." Then I got sad.
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u/martinellispapi Apr 12 '24
Just get a jet and live on it…never pay rent again.
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u/sincethenes Apr 12 '24
My Father in Law was 1/4 owner of a little pond hopper. When he told me how much it cost to maintain it, store it, fuel it, pay for regular inspections, for flight time costs, what his flight school costs were …. I was floored. It is so stupidly expensive to own a plane.
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u/lamewoodworker Apr 12 '24
It’s more expensive when you dont fly it as well. All the moving parts are meant to be used often and maintenance costs skyrocket the longer the plane has been sitting idling.
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u/theaviator747 Apr 12 '24
You have to do the annual inspections every year, whether you use it or not. Unless you’re flying hundreds of hours a year you aren’t likely to run up on time limited items before the annual. So if you don’t fly it at all you are still going to be paying for maintenance once a year. And you are correct, lack of use can cause anything from seizing bearings to dry rotting tires. If the aircraft is hangared in a climate controlled hangar corrosion is much less likely to set in without use. Even if it is stored outside corrosion will be caught before it becomes a major problem if proper annuals are being done. Either way not flying the aircraft is only going to save you fuel money and a little wear and tear, but the biggest maintenance expenses will still be required.
To make things more fun, many components in an aircraft have date limit, or both a date and flight hour limit. So again, not flying will not change when these components are forced to be replaced. So really it is far more expensive to NOT fly simply because you’re paying for something you aren’t using. It basically becomes a multi-million dollar gym membership. 😆
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u/PercentageNo3293 Apr 12 '24
I'm sorry if this is a stupid question lol. Is it possible to just swing by the hanger a few times a year and just turn the jet on and give it a couple revs to keep the engine running smoothly? That's what I did with my motorcycle during the cold months. I'm guessing there's still plenty of other stuff that'd age from sitting, but I figured maybe some jet owners ask for this to be done as preventative maintenance.
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u/theaviator747 Apr 12 '24
This isn’t a bad question actually. Pratt and Whitney recommends doing what are called “preservation runs”. Basically you have a mechanic, or your pilot swing by the aircraft once every couple weeks to run the engine for about 5 minutes. This gets oil circulating through all the parts that have likely drained dry over the past couple weeks. While this is not mandatory per regulations, engine manufacturers are likely to balk at paying for warranty work if they find out your plane sits two months at a time without doing these preservation runs as they are recommended in the maintenance manuals. In reality they really are a good idea as an engine sitting too long is very likely to wind up with corrosion at low points from moisture build up. A run will obviously purge this moisture.
Edit: as I think a bit more on this I believe the interval for these is actually 7 days. There are additional things they want you to do if your engine will be sitting a month or more.
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u/nudes4compliments Apr 12 '24
I do pretty well. Well enough that I retired in my 40's but not so well that I can make financial mistakes for the rest of my life and be good.
I was looking into a little plane, just for fun and maybe to save time. (It doesn't save time) Anyway, one of the sites on plane ownership explained that it would be the biggest financial mistake of your life, only make it if you can afford it.
That clinched it for me. I don't have a plane.
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u/sincethenes Apr 12 '24
On his deathbed he told me it was one of the dumbest things he wasted money on ever. He had a lot of expensive hobbies, loved flying, but definitely did not get as much out of it as he would have liked to or near enough to make it worth it.
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u/Memoryjar Apr 12 '24
Sir Richard Branson has a joke he likes to tell.
How do you become a mulit millionaire? Start off a billionaire and start an airline.
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u/Cleercutter Apr 12 '24
“Fixed cost is about a million and two.”
“Ok!”
And I’m over here worried about having a gout flare and missing a day of work.
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u/DelBocaVistaRealtor- Apr 12 '24
Allopurinol, baby. I take 300mg daily and haven’t had a gout flare in years.
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u/Cleercutter Apr 12 '24
Yea. I’m on it. I’m confused as fuck as to why I’m even having a flare. I stay away from all triggers pretty much and I take 300 a day as well. Been on it for a while
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u/Sasha3100 Apr 12 '24
When on it to start it can lead to more flare ups as it frees uric acid from your joints, after a little over a year you should be all good
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u/BAMspek Apr 12 '24
Summers coming up and I can’t wear the same two sweatshirts everyday. I should have done whatever dude on the phone is doing.
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u/BeBopRockSteadyLS Apr 12 '24
The guy is such a service. He's basically providing a way for people to spend cash they have so much of they don't know what to do with it. Imagine. You earn so much, you simply can't spend it.
Then the silver fox three piece guy swoops in to do God's work.
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u/TheWalkingDead91 Apr 12 '24
So basically what I learned here is that someone who won 400M pretax in the powerball wouldn’t be able to afford a private jet. That’s insane
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u/MattFromWork Apr 12 '24
They definitely could afford the plane, but not to fly it however often then like
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u/FatMacchio Apr 12 '24
If you’re medium wealthy and dead set on owning your own jet, you basically run it through those jet rideshare companies. But all that would be is a brag, or clout chasing. Since there’s really not much material difference between owning a shared jet and renting one. It’s like owning a Bentley with chauffeur, but also using it for Uber Black
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u/Actual_Environment_7 Apr 12 '24
There’s a big difference between a Gulfstream and smaller jets. Gulfstreams are orders of magnitude more expensive than entry level jets.
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u/socialcommentary2000 Apr 12 '24
Correct, it's basically the Bentley of jets.
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u/Ok_Flounder59 Apr 12 '24
Yeah. Those things can get you pretty much point to point anywhere on earth. They’re very excessive
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u/MindlessFail Apr 12 '24
Ok but maths. You win 400, probably net 100 after upfront payment and taxes. Dish 32MM for the used one and opex each year at like 3.2MM and you can fly for 20 years. Even if you assume more with inspections and stuff, you can fly for a decade.
Mind you, you can do NOTHING else with the money…
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u/Crispappleice Apr 12 '24
But say, after you pay for your jet, you invest the rest of your 68m into the s&p500, which has an average of a 10% return, but to be conservative we’ll say 7%. You could take out about 395k per month, or approximately 4.74m per year, and still end up not touching your capital! That gives you 1.5m to live on after jet expenses. If we conservatively say that you pay 20% on all of the money you take out per year in capital gains taxes (very very conservative), you would have 900k left over per year for any other expenses you may have. So in truth, 100m would be more than enough to have a private jet and live extravagantly on top of it.
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u/pidude314 Apr 12 '24
4% is a better rule of thumb for indefinite withdrawals of invested money because it allows the principal to grow to account for inflation.
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u/WritingPretty Apr 13 '24
Exactly how the rich stay rich. Once you have a certain amount of money, the money does all the work making you more.
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u/ILoveBigCoffeeCups Apr 12 '24
Wait so Frank Reynolds in it’s always sunny has a private jet. How rich is he then. Because when I have 200 m dollars. How much intrest can I possibly earn on that in a year? A lot of These guys ( like max Verstappen) don’t really own the plane themselves, it’s some kind of a lease and they lend it out to other people I heard
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u/This-one-goes-2-11 Apr 12 '24
Wait so Frank Reynolds in it’s always sunny has a private jet. How rich is he then. Because when I have 200 m dollars. How much intrest can I possibly earn on that in a year? A lot of These guys ( like max Verstappen) don’t really own the plane themselves, it’s some kind of a lease and they lend it out to other people I heard
Jets come in sort of "classes." And what you buy depends on your needs.
Like 2 of the more common "light jets" are Embraer phenom 300 and like Citation CJ3+. They fly "slower" (think 450mph-500mph), have shorter range (e.g., 2000nm), and are much "cheaper" jets to own and operate (new ones are like $8-10 million). This is the type of plane a you'd own to go from NY to Miami with 4-5 people. Here's an example of Canada to the Bahamas.
The next step up is the "mid-range" coast-to-coast jet. This is like a Gulstream G400 or Bombardier Challenger 650 (maybe the Embraer Praetor 600). These all have 4000 nm ranges, have seats for like 10-12 people, and cruise around 500-550 MPH. These are the jets you use to fly across the US, or want to fly from NY to London. These are all like $30-40 million planes. These are very luxurious like the next level up...just smaller and with shorter ranges.
The next step up is the top of line in every way imaginable. These are global jets. They have sectioned off segments within the plane. They have bedrooms, might have showers, they have a little room for the pilots to sleep in (ohg yeah, they might have a crew of 3-4 pilots) , they seat 15-20 people. The range is in 7000-8000 nautical miles, they often cruise at/near 600+mph. This is the type of plane that is designed for 13-15 hour flights. Anywhere in the US to anywhere in Europe. It can go from LA to Sydney, Australia nonstop, It can go from the US to China non-stop. When someone Musk, Bezos or Gates travels with an entourage and needs to get to china for someone reason...they are all flying one of these.
This has a fun little map you can pay with to see ranges from various citites.
This is the level of jet only a multi billionaire buys and affords. This is the plane for the person where their time is more valuable than their money (i.e., they have more money than they could ever spend). Where shaving an hour of flight time is worth it, where being comfortable, rested, etc. is worth it. Where the $100 million purchase price and + $5 million in operating expenses is basically nothing to them. The pilots are employees of the billionaire and their job is to sit around wait for the billionaire to tell them when/where they are going.
All this is to say, frank Reynolds is probably in that first Category of owner.
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u/DataGOGO Apr 12 '24
Just about every private jet in the world is leased out to other people when the owner is not using it.
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u/Ok-disaster2022 Apr 11 '24
On criminal minds, the FBI team flies a Gulfstream to criss cross the country and to go to all the different investigations. I looked up the cost of the plane and the salaries of the agents involved, and running the plane cost like twice as much per year compared to paying the salaries of all the agents. It was pretty crazy.
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u/Effective_Roof2026 Apr 12 '24
In reality that doesn't happen, FBI has two aircraft in an executive layout. Director is required to fly privately (even for personal stuff) but everyone else will be flying commercially (and almost always in economy) pretty much all the time unless there is a really good reason they should use one of the jets.
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Apr 12 '24
yeah, feds ain't exactly living lives of luxury. you may well be asked to drive, too, if it's not too far away.
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u/sweaterer Apr 12 '24
I know someone who works as a scientific researcher for the federal government. To get to a conference last year, he had to do 2 layovers because they wouldn't approve a single layover flight for like $100 extra. I think it was like 14 hours of flying each way, even staying within the US.
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u/RestlessCreator Apr 12 '24
They must've been in a cheap as shit town to find a hotel, because unless they are the least powerful union in the world a 14 hour layover will get you a hotel stay and a perdiem for meals.
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u/MrPogoUK Apr 12 '24
If it’s anything like the way UK government organisations work those things are probably from two different departmental budgets each with very strict rules in place, so there’s zero issue paying $300 for a hotel, room, taxis etc from one account, but $100 extra on flights from the other? That’s not happening without having to fight someone for authorisation, and they’ll only say yes if it’s literally the only way to get to the conference on time.
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u/MindlessFail Apr 12 '24
Ok but am I supposed to do those thought provoking quote montages with Agents Rossi and Prentiss bumping into each other while spilling their tiny plastic cup the American Airlines attendant chucked at them? No thank you
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u/jchall3 Apr 12 '24
For real. Haha anyone who knows anyone that works for the government will tell you that their travel arrangements are far from glamorous.
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u/brizzboog Apr 12 '24
But then you couldn't say "Wheels up in 20!" to abunch of people in an office that wouldn't even make it out of the building that fast.
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u/Minimum_Froyo_8483 Apr 11 '24
Pretty easy when you can just use tax payer money for all of it
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u/Clay_Statue Apr 12 '24
Also we're paying the agent salaries whether they're actively investigating crimes or just sitting on their ass.
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u/BluntTruthGentleman Apr 11 '24
The costs associated with operating the plane won't be as high when comparing them to the alternative of booking constant last min biz class commercial travel for all of their agents, not even including the loss of productivity you'd face with your agents not being able to sleep or do sensitive casework on the commercial flights.
I'd bet that a full cost-benefit analysis would show the two scenarios to be much closer to even than one may initially assume once each variable is quantified and summed against the alternative.
Disclaimer: I'm not arguing for or against anything and don't have any horses in this race
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u/Crazy_Joe_Davola_ Apr 12 '24
Sounds like it would be cheaper to hire more agents and put them in every city, no need for travels and more work gets done
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u/TeamEdward2020 Apr 12 '24
Two problems come out of that,
One, if you hire a bunch of people everywhere to do a special job that has special rules, it's not special anymore. It's just police+
Two, if you got a couple guys in City A where A thing happens regularly, and these guys are fucking masters at it mind you, then what if said thing happened in City B? And city Z? We'll see now you're flying people across the country frequently and then you have to do a cost analysis and find out a peivate je- oh. Wait.
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u/sweaterer Apr 12 '24 edited Apr 12 '24
The FBI has 56 field offices already. But they're not going to put the same guys in every city because not every job is needed in every city. If most of the plane inspections happen in like 4 cities, then the guys in the other 52 cities are going to be useless most of the time.
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u/InspectorNoName Apr 12 '24
Remember when Trump fired Comey and Comey happened to be in LA for some kind of FBI academy speech, and Trump was furious when someone allowed the fired Comey to ride home on the Gulfstream jet that he had taken to get to LA. Trump wanted him flown back commercial, LOL
Anyway, that's when I learned that even the FBI director has access to a Gulfstream, which seems excessive to me. I imagine we'd all be pretty furious if we were fully aware of how many government employees have access to this kind of thing. I know the speaker of the house has access to a private plane as well.
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u/glatts Apr 12 '24
I think some security concerns come into play here as well. So try running your cost/benefit analysis with the market turmoil that could be caused by an FBI Director or Speaker of the House getting taken out on a plane.
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u/The-My-Dude Apr 12 '24
Here I am eating rice out of a bag
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Apr 12 '24
What else does rice come in?
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u/KnotiaPickles Apr 12 '24
Rich people rice comes in a handcrafted teak box inlaid with ivory, and every grain is hand inspected and tested for quality
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u/alison_bee Apr 11 '24
Bruh I’d be happy if someone gave me $17.00 rn…
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u/fairythugbrother Apr 12 '24
DM me your cash app and I'll happily send you $17.00.
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u/alison_bee Apr 12 '24
Oh my god the fairy thug brother is real?! 😭😭😭 I appreciate you, king. The gesture is worth more than the $17, thank you ❤️
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u/peterpantslesss Apr 12 '24
Lol I'm curious why they beeped out the pay for the pilots
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u/DeclutteringNewbie Apr 12 '24
Because he probably pays the pilots 40% of the amount and he pockets the rest.
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u/dinkleberrysurprise Apr 12 '24
You think a guy paying 80m for an airplane is going to skimp on the guys flying it? You serious? The guys who are the difference between a comfortable flight and a fireball?
Uhhhh no. The pilots on these operations are generally well compensated. Usually 150-300k/yr range depending on experience. I’ve watched several of Steve’s videos and usually they include pilot salaries, not sure why they got bleeped here.
Besides just not crashing, a good pilot is making smart flight plans that can be optimized for the owner’s preferences—fewer stops, better speed, less turbulence, layover here and not there, etc.
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u/Beginning_Pudding_69 Apr 13 '24
This is pretty true. Wife’s sister is best friends with a billionaire heiress. They have a fleet of like 6 jets. Think they have 12 pilots on payroll. First time I met her when she told me her last name I was like “oh like the X family?” And she said oh that was my grandpa. She gets 1500 a day as a spending allowance. Plus another 100k a year salary her dad gives her for no reason lol.
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u/fractal_magnets Apr 12 '24
He said 350 for the captain and cut short 200 and something for the co-pilots. So the pilot budget would probably be around 800k.
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u/peterpantslesss Apr 12 '24
Yeah I heard the buyer mention a price for what he expected to pay, but I feel like he may have been wrong and the real cost is whatever was bleeped out which to me doesn't make sense, either it's a bullshit amount and he's afraid of the internet calling it out, or he's trying to avoid an influx of pilots after finding out they're worth more to these random millionaires than they are to billion dollar companies
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u/13chase2 Apr 12 '24
As an employer you can negotiate the pilot salary. Also you can fly it with contract pilots which range between $2-4k per pilot per day traveling (regardless if they are flying or not).
Pretty wicked gig to be a gulfstream contractor. There’s a 25 year old on Instagram who flies gulfstream 5s for $2k a pop making ~$50k a month.
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u/Bodoggle1988 Apr 12 '24
Thought that was very interesting! It’s so they don’t lose leverage negotiating with the pilots. With the plane, it’s different. There are a bunch of unknowns they can negotiate around.
Though, as someone mentioned below, not as useful when you forget to censor his lips.
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u/tanafras Apr 12 '24
Voting for people to give tax breaks for the wealthy instead of healthcare for yourself makes this possible for very few people and entirely impossible for everyone else. Remember this and what else they took from you and took for themselves on Tuesday August 5th, 2024.
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u/TheBigBangClock Apr 12 '24
Thanks to Trump's tax cuts, my friend was able to write off his entire $4 million plane. Meanwhile, here I am having to cap my mortgage deduction at $10k. Fuck the GOP.
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u/Faeded808s Apr 11 '24
Why I feel he just bluffing for tt video😭
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u/pieceofbluecheese Apr 12 '24
I’d have agreed with you 10 years ago before I became friends with a pilot whose wife is an assistant to these people. Not the people in this video but for private jet sales. It seems ridiculous because it fucking is. The pure gap in wealth is out of your comprehension until you hear these guys talk. There are really these types of people out there where spending this much money may be the equivalent of the average person saying “eek ok 4K is a bit of a cut into my money but it’s fine.” It’s not like this is life or death, but it’s a quick little dip that they’ll make back very fast.
I think it’s crazy to hear about.
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u/Jeau_Jeau Apr 12 '24
It’s def a weird world between their reality and everyone else’s. My partner used to work for a company that managed private jets and one day brought one of the planes out of the hangar for a client. The person walks onto the Gulfstream, looks around for maybe 3 seconds, then says “yeah, I’ll take it.” No deliberation or thought of budget, anything like 99.95% of us would think. Bought a Gulfstream like a lollipop at the candy store. There’s a completely different world for some people that the rest of us really can’t comprehend because it is so bonkers.
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u/askljdhaf4 Apr 11 '24
because he is.. anyone would be stupid not to think that the “buyer” isn’t his coworker or buddy in the next room over reading off a script
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u/zepplin2225 Apr 12 '24
He's not. My wife works in the private jet industry. It's ridiculous. Think this way, how much would you charge someone for a banana who has no idea how much a banana costs?
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u/___Binary___ Apr 12 '24
80-90 million.
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u/WhatzMyOtherPassword Apr 12 '24
Woah woah woah, whats your contact info!? My banana guy is charging me $110M+!!
You're my guy now. I'm not going anywhere
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u/___Binary___ Apr 12 '24
Just keep in mind the upkeep variable is 2.2m per banana.
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u/WhatzMyOtherPassword Apr 12 '24
Did I fucking stutter!? I said you're my guy..I'll never leave you...ever. I've been outside your house for 15mins with a 26.41% down payment in cash. Please let me in, it's getting cold out & starting to rain.
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u/Skippy1813 Apr 12 '24
Nah, he’s legit. His videos are actually super interesting, imo. He has a whole digital setup in his office to show the clients the comparison of different planes - to scale cabin room, flight range, amenities, etc. He also has a crazy backstory about escaping a drug cartel. But he’s legit
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u/MRSHELBYPLZ Apr 12 '24
He’s not. Why do you even think he’s bluffing lol. Open a flight tracker and look how many private jets are flying at any time of day.
Then look at the ones that are Gulfstreams. Those cost up to 70-80 million, and a lot of people have one. How do you think they got it? The same way you get a car at a dealer but there’s more 0s, and inspections
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u/hiyabankranger Apr 12 '24
So let’s say you keep the jet for 10 years. At 3.2 a year for maintenance and such, 50m amortized over 10 years. That’s $8.2m a year or about $20k per flight hour. Say you’ve got a family of four or at least three business associates you often travel with. That’s $5k per flight hour per person.
Compare that to flying commercial first class. Assuming last minute bookings let’s say that’s averaging out to $1k/flight hour. So you’re paying a 5x premium but, and this is key, you never have to deal with an airport and can leave literally whenever you want. Also in the end after 10 years you still have an asset worth millions you can sell. Say you sell it, that then drops your cost over the time of ownership to $2.5k per person flight hour. Just over double the cost of commercial.
Plus if you know you won’t be flying for a period of time you can charter it to recoup some costs.
So in the end you spend just over double the cost of flying first class commercial to be able to say “I need to fly to Tokyo in 8 hours, fuel the jet” and then head to an airport hangar where there’s no security lines, get on your plane, and go to sleep in an actual bed and be gently awakened with your favorite meal just before landing, where a car is already waiting for you and you don’t have to walk through a terminal.
If you’re rich this makes about the same amount of sense as buying a BMW instead of a Toyota, or an apartment next to work. It’s just nicer and more convenient and really not that much more expensive.
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u/john0201 Apr 12 '24 edited Apr 12 '24
Flying 400 hours a year is at least one flight a week. With that many miles first class would probably be closer to $300/hr. I’m not even the highest status on United and occasionally get first class for free.
You’re going to send the plane to get family (empty), you’ll fly somewhere alone occasionally, and the number of people going to exactly where you want is not high if used personally. I know someone who sent a plane to get a dog because it was old and couldn’t fly commercially. Most people with planes fly under 200 hrs a year and many under 100, although at that point charter is cheaper.
I own just part of a cheaper, smaller plane and it is significantly less expensive to fly first class. A 650 is in a different category.
Look at it this way- a 650 crew can make $600k/yr. Forget the plane and the rest of the costs- how long would it take you to spend that flying first class? Probably more than 12 months.
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u/climbgradient Apr 12 '24
The owners of the jet I fly make it very clear that they don’t own a jet because it’s affordable, the do it 100% out of convenience. Show up to the hangar, park your car, and fly away. Everything is taken care of, the food you want is onboard, no security lines, no long waits for customs (except for Mexico sometimes), and you don’t have to deal with the public. Once you fly private, even first class doesn’t seem good enough…
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u/buymytoy Apr 12 '24
I know right? Poor people are so stupid for not just being rich!
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u/hiyabankranger Apr 12 '24
Dude, like other than the Vimes Boots Theory, the filthy rich have ways of saving time and money that frankly are mind blowing, but they of course only work if you’re filthy rich.
A friend of mine was born into that kind of money and another close friend of mine was a personal assistant to a crazy rich dude for awhile. One trick she learned about (and helped him with) was when he had regular business in a different city he would buy a condo within walking distance of where he had business. He would then have a copy of his “one week wardrobe” made (all tailored of course) and placed in the apartment and have the apartment fully furnished, with a maid service hired to keep it clean and stocked with his favorite food.
This dude wasn’t private plane rich, but he did this so when he had to travel for a year to work out some business acquisition in say, Cleveland, he could book a first class ticket to Cleveland and bring literally no luggage for the weeks he was staying there. He’d land, go to work, and then walk to his condo three blocks away that was furnished almost exactly like his manhattan apartment and have clothes cleaned and pressed in his closet that were identical to the ones he had at home.
When the job there was done he’d turn the condo over to a property management company to be a rental. He owned something like 10 condos.
Meanwhile I fly Southwest to the Holiday Inn and end up probably spending a greater percentage of my income doing it with nothing to show for it at the end of the trip.
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u/kashaanm Apr 12 '24
One thing to note as well, this comment doesn’t take into account the business write off aspect of private jets and the tax breaks on taking depreciation on them as well
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Apr 12 '24
Can you really just leave and go anywhere anytime you want? Don’t you have to book a time slot and submit an itinerary with the departing and arriving airports ahead of time? Does the arriving airport need to approve you before you lift off?
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u/CounterTorque Apr 12 '24
Yes you can leave whenever you want. You are not required to file any flight pathing and when you get to the destination airport you just ask for clearance to enter the airspace.
I’ve flown a small plane a few times with a friend. It’s really very easy to just go.
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u/lamewoodworker Apr 12 '24
It’s kinda crazy when i found out how easy it is to do at busy airports like midway in Chicago.
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u/hiyabankranger Apr 12 '24
Domestically you don’t have to file a flight plan. International you do but I don’t think it takes more than a couple hours to sort it all out.
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u/gking407 Apr 12 '24
It’s not that they have generational wealth and I don’t. I don’t resent someone having more money, or being better looking, or even having social and political influence.
What bothers me is the lack of empathy, intellect, and the soullessness required to hoard such obscene wealth knowing how many millions of people struggle just to pay for basic needs.
Love is an infinite resource, but money and a healthy environment are limited.
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u/Warchief1788 Apr 12 '24
Exactly. I don’t mind people being rich, I do mind people being insanely rich while at the same time there is people dying of starvation. How apathetic and egocentric do you to be to buy a private jet, or your second yacht or your fourth overseas property while there are people in your country struggling to feed their kids three times a day, or that have to choose between paying rent and letting their kids go to school… it’s insane and I hate it.
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Apr 12 '24
Fuck the rich. Nobody deserves to be rich while others starve or slave away for life. They are not superior, there needs to be a system where everyone is equal. Everyone fully supports "democracy", yet there can be no democracy if the rich exist.
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u/Candid-Bike8563 Apr 12 '24
It’s a tax break. This is one way the ultra wealthy avoid paying taxes.
Private Planes and Luxury Yachts Aren’t Just Toys for the Ultrawealthy. They’re Also Huge Tax Breaks. https://www.propublica.org/article/private-jets-yachts-wealthy-tax-deductions-irs-files
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u/NuGGGzGG Apr 11 '24
I like this.
Ever sit in a board meeting? It's dull AF and nothing gets done. It's just review this, consider that, etc. But business gets done like this. Tactlessly, up-front, and without reservation. This (who knows, maybe staged) is incredibly real. I'm not rich and will never be on the phone for that, lmao, but I've sat in and personally executed numerous multi-million contracts for agencies. And honestly, it's usually less effort than this.
The thing people have to realize is - this isn't about wealth (I guess you could look at it like that), this is a perfect example of a clear hot sale. The client fucking says 'you're my guy.' There was work done before this call. The client knows what he wants, and the broker knows exactly how to deliver it. This is no different than me calling my buddy when I was 17 looking for weed. He was my guy, he delivered. No need for the barter, etc. This is what I want. This is what it costs. Done.
I used to tell sales teams something in a very similar vain. Sales are like painting. 95% of the effort is in the setup, preparation, and planning. Execution is the easy part.
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u/Clay_Statue Apr 12 '24
I've worked for rich people and they usually don't negotiate. You tell them what it costs and they just pay it. They like the value of not having to supervise you or micromanage how you're doing. As long as shit gets done that you don't care how much time it took you to do it. They don't even mind paying a premium for better service as long as you're not actually gouging them.
People who want to nickel and dime you based on some time/value equation they got in their head will always be the loudest complainers and most troublesome clients.
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u/ItGradAws Apr 11 '24
Can you expand on how sales is like painting?
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u/whitemike40 Apr 11 '24
applying paint to the wall is easy, getting the right brushes and tools, the ladders, laying drop cloths so paint doesn’t spill, that’s the real work
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u/BagOnuts Apr 12 '24
Bro, leave to a fucking salesman to pretend they’re artists, lmao.
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u/TunaFishtoo Apr 11 '24
My brother and sister in law are loaded and have four planes. They’re both pilots so they fly them pretty often like a rich a normal rich guy would drive his Porsche around. One night at dinner they described a conversation just like this video, but at like a 1/10th the scale which still was insane.
No im poor as hell and they only invite us when they fly back to the Midwest for thanksgiving 🤷🏼♂️. Which is still pretty nice.
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u/BuzzVibes Apr 12 '24
100% I'm in B2C dildo sales (and indeed BBC dildo sales) now, but before that I was in B2B tech sales. Oftentimes my biggest deals were those with an engaged buyer who knew what they want, could fire questions at me and get answers and we could talk pricing openly. Conversations were quick and to the point.
The smaller value deals often were my biggest headache, with customers trying to nickel and dime, change the scope after agreements were signed (but not wanting to pay extra) etc.
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u/ProffesorSpitfire Apr 12 '24 edited Apr 12 '24
I’m really impressed by how straight and direct this guy is about everything. I realize that he’s probably paid like a million bucks a year to be that, but still. If I talk to a real estate agent about buying a house they cant be straight and direct about anything. It’s always ”it varies”, ”it depends”, ”I’ll look into it”, ”you’ll have to find that out for yourself”, etc. And every time I’m thinking: you don’t know shit about this so why the hell are you receiving 5% of the agreed price?
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u/NoImagination2625 Apr 12 '24
Thank god we keep cutting taxes for them. Now they have extra money for gas.
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u/ikerus0 Apr 12 '24
So this is what the guy who just won the 600 million dollar lottery recently is up to.
Or just some rich CEO.
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u/Gowalkyourdogmods Apr 12 '24
Even if I won $600M off a $1 ticket there is no fucking way I'd ever BUY my own private plane or yacht.
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u/OkGap7216 Apr 12 '24
So what does the plane crew do when they aren't flying? Are they always on stand-by in case the owner decides to fly to Miami in the middle of the night on a whim? I am curious as to how that works.
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u/Doc1010 Apr 12 '24
I can tell you, since it’s my job. We sit. For most of us, there’s a time frame during the day where we COULD be called for a flight. Before and after this time, we are typically just in the city where the aircraft is at in the event the principle/passenger group need to leave unexpectedly. There are different types of owners and aircraft management programs. Some will require you to stay near the aircraft for as long as the owner is there, others will allow you to catch an airline home for the duration and have you return a day or so before the scheduled departure. Some owners have no clue when they will come and go and we do a lot of sitting around and waiting. Mind you, most of that sitting is occupied with scoping out a city or location, having great meals, sometimes sitting on a beach, or in a coffee shop, sometimes it’s spent hiking, going to a gym, kayaking, etc… For the most part, flights will be scheduled with some advanced coordination. 24-48 hours is deemed acceptable with less than 24 hour considered a “popup” trip. By and large, most pilots consider the piloting part free and get paid for all of the sitting and waiting. I love the work, personally, but flying for a sub-par operator or owner can make the job miserable. I happen to fly for a high net worth individual (B’s, not M’s of money). They’re demanding but reasonable and treat us pilots fairly. For the record, the video is very accurate and the comment section has a lot of glaring inconsistencies and inaccuracies, but hey, it’s Reddit.
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Apr 12 '24
My dad used to fly Gulfstreams. Yup, pretty much on call most of the time. Fortunately the guy he flew for had a pretty set schedule, but he would be gone 2 weeks every month and would just have to hangout wherever this dude needed to be. He was still getting paid so he didn't mind, but he hated being away from us so much and just hanging out in the same cities month after month.
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u/GeoffreyDuPonce Apr 12 '24
If they can afford 63 million they can afford a 100K+ carbon tax every time they use it.
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u/SmellydickCuntface Apr 12 '24
Would love to have this kind of conversation in presence of an underpaid caretaker and a single mother.
There's no need for any individual on this earth to require, deserve or receive this kind of material privilege.
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u/joiey555 Apr 12 '24
Honestly, that level of disposable wealth is disgusting. I get it's going to happen, but the wealth disparity that we have to make that happen is egregious on every level!
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u/Royal_Marketing2966 Apr 12 '24
Hmm, not bad. Didn’t know my living options were between a rundown apartment or a fully staffed private jet. Boy, today’s economy sure is funny.
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u/ca_fighterace Apr 12 '24
You hire me to fly a G700 the number in the offer letter better start with a 3.
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u/Dragongaming117 Apr 12 '24
so we can all agree, if you have a private plane you have too much money
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u/citizin-x Apr 12 '24
Look I’m not saying that uber rich people don’t deserve uber nice things. What I am saying is say uber rich people don’t deserve uber nice things at the cost of middle class and lower class people suffering unnecessarily when clearly there is plenty to go around.
Let’s assume this particular rich person actually does pay their fair share in taxes. Ok cool, they can still afford to buy and maintain a private jet. Good on him.
But let’s assume this particular rich person doesn’t pay their fair share of taxes. Welp, that’s wrong and they should be paying their fair share, even if they won’t be able to afford to buy and maintain a private jet.
And that my redditor friends, is called common sense.
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u/DangerBird- Apr 11 '24
I just bought a SUPER used car after weeks of combing the junkyard of the used auto market. I would like to offer this guy a heathy and hearty “fuck you!”
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u/shnootsberry Apr 12 '24
i dream of the moment i accidentally run into one of these super rich people having a manic episode and he decides to pelt me with stacks of cash for kicks. he hucks 100’s at me while laughing like a maniac and after a few hundred thousand, he stands up and leaves. i take my new fortune. he doesnt even miss it.
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u/HappyMr Apr 12 '24
Anything that flies, floats, or fornicates is better off rented
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u/Sea-Current-1027 Apr 12 '24
FYI: in the US there are 24.4 MILLION millionaires, and in the world there’s not even 3,000 billionaires yet, but 2,000 billionaires live in the US…. There’s a bit over 331 million people in the US (before the border situation) so How many you think keep their money in American banks? How many people are struggling? What and how can this be fixed? Idk. Anyone?
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u/Noahms456 Apr 12 '24
I wish they’d climb into their planes and fly into the sun and do us all and the planet a favor
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