Netjets cost reddit

You could buy a nicer jet? I mean, nominally speaking, you can front the sticker price -- but you'll get eaten alive on fuel and maintenance over the netjets cost reddit useful lifespan, and the jet as an asset is depreciating all the while. I say this almost as a reflex.

Private jet travel took off in a big way during the pandemic. Flying private, which has long been viewed as a swanky, sometimes out-of-reach indulgence, suddenly became much more attractive in the era of social distancing. And as a flurry of new players entered the market in response to demand, the prices, long considered sky-high, became more accessible as well. These days, relaxing in privacy at 35, feet no longer requires access to your own personal G5. There are now dozens of options for travelers looking to take to the skies in seclusion, many of them with ticket prices that deliver less sticker shock than you might expect. And the fact that most services operate out of smaller airports and private terminals has become even more appealing since the start of the pandemic, increasing demand.

Netjets cost reddit

I came across a Reddit post a while back and the user said that for whatever reason people of wealth were attracted to them. As a result, they were able to learn a lot about their lifestyles, habits, etc, on an intimate level that most of us wouldn't know. Based on the detailed information that OP provided, it wouldn't surprise me if it was true. They said that one of the most important factors for the ultra-wealthy was time. This involved wealthy individuals: - Hiring personal assistants to run errands - Hiring personal chefs no time wasted cooking - Owning a private jet no time lost booking a flight, going through security, etc We can't control the flow of time, but we can most certainly use it to our benefit. The really big time benefit to flying private is about schedule flexibility rather than security etc though that's important too. Flying private an executive can turn up and leave 5 minutes later, and be on the road 5 minutes after landing. If a meeting overruns and there's only one commercial flight a day with the relevant city pair, then they're just out of luck. Flying private, it's not a problem. The economics of whether to own vs rent netjets etc is essentially about scale. That has a strong parallel with how I went from public transit to driving a car. Before, I had to leave at an exact time to make the train, if I didn't I'd be half an hour late. I guess private jets are the same on a long distance scale. And a few orders of magnitude in cost. BlameKaneda on Dec 9, parent prev next [—].

If we judge purely off opportunity cost the billionaire's time is netjets cost reddit a lot more than the average layman. There are constraints to what you can spend while still having enough money to work for you, so that you don't have to. Obviously it was a concern since the very first plastic item was manufactured.

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There are many reasons why private aircraft are the best way to travel, ranging from safety and convenience, to privacy, luxury, and utmost comfort. Richard Santulli bought EJA in and pioneered the notion of shared ownership two years later. As travelers preferred the benefits of fractional jet ownership over the limits of charter service and the challenging economics of entire aircraft ownership, the industry developed gradually. Warren Buffett, the legendary investor, acquired his first stake in the firm in and was so satisfied with the service that he bought it three years later, bringing it into the Berkshire Hathaway family. EJA continued to grow by adding aircraft, facilities, and worldwide programs while looking for innovative methods to provide the most significant safety and service to NetJets members. Simply put, shared ownership is acquiring a piece, or share , of a particular aircraft through NetJets fractional jet ownership.

Netjets cost reddit

With a global network of planes over worldwide NetJets is proudly one of the biggest private aviation companies in the world and has invested billions into building the biggest private jet fleet on the market. But, for new customers, the big question remains: how much does NetJets cost? The cost of NetJets will depend on how often you travel and the aircraft size you need. However, if you require more than 50 hours in the air per year and regularly make long-haul journeys, a fractional ownership program is likely to be the best value option. This not only makes the program financially worthwhile but also minimizes any extra effort or stress on your part — the NetJets team does all the hard work for you. Although the cost of the program will vary, owners can rest assured that it is a worthy financial investment.

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Hacker News new past comments ask show jobs submit. The billionaires I've met, who by and large own and don't rent, have what I'd call three distinct use cases for private air travel: business, social, and family. For 1 or 2 round-trip domestic flights per week, it should be doable. Sure, you don't need that much range to go from NYC-LON, but I'd argue that that's an "exception" as such a short route that happens to cross an ocean and is also popular. My grandmother grew up on a ranch. Said billionaires, if asked, would consider most of the above to be business trips, because their business lives never stop, and some measure of business is usually baked into most trips -- even if it's a quick stop at one city to conduct business before heading on to the vacation spot. And if you keep on heading West, even that seems densely populated. You can unsubscribe at any time. It was in his book "how to get rich" or something similar to that title. Being able to show up, in-person, walk around, shake hands, interview the customer, look them in the eye, walk their factory floor or otherwise see things first hand and then still make it home to put the kids in bed is far more impression setting than dialing into a video call. Obviously the number, length, and complexity of flights would have a big impact as well. He'd create something and slip a couple of hundred to a club DJ to play it when he went out. Flying cargo is more dangerous than flying people? I completely agree.

NetJets may be ubiquitous with the concept of fractional ownership and by far the dominant player in the market, but the big question remains, in , is the unit of Berkshire Hathaway worth a premium?

It now is mostly family cabins, but the original cabin is still there with the original hand cranked washer. I think that's firmly in what people consider to be rich, and certainly is by any reasonable metric. Blade is a popular choice for city-based travelers. Even with the stops, you can come out ahead in travel time and total comfort. Oh those average people in the developed world, living that luxurious extravagant life in which they own a car or a home, gasp! And the fact that most services operate out of smaller airports and private terminals has become even more appealing since the start of the pandemic, increasing demand. Hacker News new past comments ask show jobs submit. I could be totally wrong here, because I'm neither a jet owner nor a pilot. I guess it's just some more plastic in the ocean or landfill to him. Most guys I know that have them are firmly middle class. One of the largest private aviation firms globally, XO Members and clients have access to more than 2, private jets across cabin classes.