Private Aviation
topic on 3 shows · 8 statements across 4 episodes
My First Million 
Sourcery 
TBPN
8 statements about Private Aviation, every show
Slotowicz: New jet buyers are skipping light jets for super-mids and heavies
“Normally people would sort of enter the market by starting to charter, or they would start with getting a light jet. And people are now going straight for the super mid, straight for the heavy. They're going straight towards buying like the, you know, or buyin…”
Slotowicz: Share of people flying private will more than double
“If .1% of them are flying private today, and that doubles, which I think it's going to more than double, to .2, that has like a Huge cataclysmic effect on our industry.”
Slotowicz: Private aviation faces a massive shortage of planes, parts, and pilots
“There's going to be a huge shortage.”
Slotowicz: There is no cheap or economical way to fly private
“I think, like, the truth is, like, flying private is not economical. There is no real economical way to do it. It's a very expensive thing, and it's really a matter of, like, priorities, and it's something that is important to you if you see, like, the utility…”
Galloway says fractional private jet ownership beats full ownership or chartering
“Hands down, fractional is the way to go, because you essentially can arbitrage scale up or down based on the mission.”
Galloway spends $1.5M to $2M annually on fractional private jets
“It's about, I spend about one and a half or two million dollars a year, but a friend of mine from high school I really like,
A Mormon kid getting married in a weird place.
I'm gone.
Why?
Because I have a f***ing private plane.”
Calacanis calls $50k-$100k private jet charters an unjustifiable expense
“Great unjustifiable expense of spending, you know, 50,000 dollars going somewhere or a 100,000 on a round trip. That seemed absurd to spend that.”
Holland: Public markets fail to grasp volatile private aviation economics
“Companies in private aviation that have gone public have, you know, tended to struggle because Retail investors and institutional investors do not understand this space because they don't understand the cost of the fuel fluctuation costs and the engine mainten…”