Craft Founder and CEO Izzy Slotowicz explains how unprecedented demand is turning high-end private jets into appreciating assets.
Assertion Supported
Slotowicz: OpenAI recently announced internal plans to go public
“OpenAI just announced that they're going to be going public.”
Opinion
Slotowicz: Argus Gold aviation safety ratings are essentially pay-for-play
“Argus is, like, a third-party safety rating that comes in and does, like, an audit. It's really like a pay for play, right? Like, you basically pay them money, and then they give you a certification, especially at their, like, gold rating.”
Opinion
Slotowicz: Current tech wealth wave is probably largest in human history
“And we're seeing, like, not just an insane wealth creation moment, probably the largest we've seen in the history of humankind, but we're also seeing a shift in how people spend their wealth and their priorities, and also the type of wealth that they are gener…”
Opinion
Slotowicz: Aircraft OEMs Prioritize New Deliveries Over Existing Fleet Support
“These manufacturers are trying to build As many airplanes they can as quickly as possible. And their priority is the newer airplanes that they can sell to brand new customers. Right? So their priority is not supporting the existing fleet. It's more on deliveri…”
Assertion Supported
Slotowicz: FBO event landing slots can cost $20,000 to $40,000
“I mean, of course there's Superbowl and there's like all those, and sometimes those can get ridiculous. They could be in the twenties or thirties or 40,000 dollars just for a short slot to drop off or pick up.”
Prediction Not checkable as stated
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.”