InvestorsHub Logo
Followers 81
Posts 14425
Boards Moderated 0
Alias Born 08/22/2006

Re: downsideup post# 116900

Saturday, 05/12/2012 10:02:17 AM

Saturday, May 12, 2012 10:02:17 AM

Post# of 165851
He has 16 million shares which if it goes to a dollar makes a real jet in his range as he already has 10-15 million in the bank.

The 1.5 million dollar light jets aren't worth it. Far better off with a twin engine KIng Air for those prices. Operating costs are hourly not daily. Pilots aren't really expensive. The guy I fly with owns a couple twin engine planes pays the pilot $300 a day for a 8 passenger twin engine runs about 360 an hour operating costs part of which goes to the maintanence. He has a hanger as part of his office space and that is $2 square foot so overall not too bad but certainly a luxury.

NetJets is very expensive for what you get. The convienience is great though. Planes can't really be justified, like country clubs can't be justified for playing golf but nice perk if you can afford it.