I love your analysis on the costs. Buying a plane and then letting it sit when you aren't using it seems counter-intuitive, but the numbers tell the real story. Thanks!
I like your presentations. Concise and informative. You get it - unlike a lot of videos presented by people who clearly don't know what they're talking about. Many times they even use images of the wrong aircraft just because they think it looks good, or something. Oh, btw, I agree with all that I've heard you say.
You hit the nail on the head with charter rates and variable costs. You missed on a few others: I don’t know a single 135 operator that charges 20% gross commission on charter revenue. If you’re being charged that they’re robbing you. 10% is the industry standard. Plus a fixed monthly rate. Crew costs and training are also not that high on the 900. $500k per year gets you enough “crew” to cover 600+ hours a year very comfortably with good happy schedules for them and benefits even. 400 hours can be flown by 2 full time crew members if you are strategic on the months you focus on charter A buyer should focus on more depreciated aircraft and analyze the delta between variable costs and charter rate. You can definitely find a sweet spot to offset a lot if not all of your fixed costs. But I 100% agree unless you’re Vista jet it’s a terrible idea to charter a new aircraft. 25+ years or older works out really well though.
How do you hire 3 professional pilots and 1-2 flight attendants for a Falcon 900 for only $500k and say they’re happy? You don’t…. They’re looking for better pay.
@@wadesaxton6079 well, private jet pilots make 120k (National average is 95k) So 3*120 = 360k The national average for flight crew is 48k. So that rounds up at 456k. You got 44k for bonuses You don't have to hire a top notch pilot and flight crew who you need to pay 200k to fly your 9 million dollar Jet lol
@@sami-khondakar 😆😆. As a private jet pilot for the last 15 years I know your numbers are ridiculously low. Cessna Citation pilots make a minimum 120k. If your not paying 200k plus for a Falcon 900 pilot you’re getting a less experienced flight crew that will leave in a year or two to make more than the 120k you’re paying. Then you need to hire another pilot and pay for that pilots training. Training is about 50k for a new type and training slots are 12-18 months out. You don’t go find the cheapest heart surgeon when you need surgery why find the cheapest pilot to fly you around. Also your national average, nobody is flying a private jet for 48k.
3 crew for 400 hrs a year? 200 of Charter. Thats 16 hrs / month, which is just one Charter a month on a Falcon. I think you could have one dedicated crew and do 400 hrs with a decent QOL, or add the 3rd crew but add another 100-200 hours 135 also. The FA budget is just if the owner wants one. You could build that into Charter quotes if not.
200k each, employment taxes will cost another 75k, 401k 24k, health insurance 70/30 split another 30k, training, contract pilot for sick time, etc. Employees don’t understand how much the employer pays on top of that salary.
Mr Rousseau, your aircrafft info is great. Can you hold off or tone down your political observations. All the issues you covered are not Joe Biden's fault, but structural changes in our economy have been affecting us for at least 20 years. Ok. I like your reports, but please let the politics go.
I love your analysis on the costs. Buying a plane and then letting it sit when you aren't using it seems counter-intuitive, but the numbers tell the real story. Thanks!
I like your presentations. Concise and informative. You get it - unlike a lot of videos presented by people who clearly don't know what they're talking about.
Many times they even use images of the wrong aircraft just because they think it looks good, or something. Oh, btw, I agree with all that I've heard you say.
Not sure how common it is but my dad would charter his Dessault. We flew in it maybe 5 times but we flew countless charter flights on other types.
Another excellent video and great information. Really enjoy your content.
You hit the nail on the head with charter rates and variable costs.
You missed on a few others:
I don’t know a single 135 operator that charges 20% gross commission on charter revenue. If you’re being charged that they’re robbing you.
10% is the industry standard. Plus a fixed monthly rate.
Crew costs and training are also not that high on the 900. $500k per year gets you enough “crew” to cover 600+ hours a year very comfortably with good happy schedules for them and benefits even. 400 hours can be flown by 2 full time crew members if you are strategic on the months you focus on charter
A buyer should focus on more depreciated aircraft and analyze the delta between variable costs and charter rate. You can definitely find a sweet spot to offset a lot if not all of your fixed costs.
But I 100% agree unless you’re Vista jet it’s a terrible idea to charter a new aircraft. 25+ years or older works out really well though.
How do you hire 3 professional pilots and 1-2 flight attendants for a Falcon 900 for only $500k and say they’re happy? You don’t…. They’re looking for better pay.
@@wadesaxton6079
well, private jet pilots make 120k (National average is 95k)
So 3*120 = 360k
The national average for flight crew is 48k.
So that rounds up at 456k.
You got 44k for bonuses
You don't have to hire a top notch pilot and flight crew who you need to pay 200k to fly your 9 million dollar Jet lol
@@sami-khondakar 😆😆. As a private jet pilot for the last 15 years I know your numbers are ridiculously low. Cessna Citation pilots make a minimum 120k. If your not paying 200k plus for a Falcon 900 pilot you’re getting a less experienced flight crew that will leave in a year or two to make more than the 120k you’re paying. Then you need to hire another pilot and pay for that pilots training. Training is about 50k for a new type and training slots are 12-18 months out.
You don’t go find the cheapest heart surgeon when you need surgery why find the cheapest pilot to fly you around.
Also your national average, nobody is flying a private jet for 48k.
3 crew for 400 hrs a year? 200 of Charter. Thats 16 hrs / month, which is just one Charter a month on a Falcon. I think you could have one dedicated crew and do 400 hrs with a decent QOL, or add the 3rd crew but add another 100-200 hours 135 also. The FA budget is just if the owner wants one. You could build that into Charter quotes if not.
Thank you for sharing..
As long as the numbers make sense
The charter rate you used is for a 7x at $11,000 but the cost is for a 900LX with a charter rate of only $9500.
$825k for crew and training costs seems super high? Like it should be half that at least? Didn’t Warren Buffet say that his jet costs him $1mil/year?
Hi handsome. I would like to know if you could do a hourly cost to operate a Boeing 777x jet? Thank
How come crew cost 750'000 ?
200k each, employment taxes will cost another 75k, 401k 24k, health insurance 70/30 split another 30k, training, contract pilot for sick time, etc. Employees don’t understand how much the employer pays on top of that salary.
Has Any one told u you look familiar to Richard Gere ? 😊
I thought it was Richard Gere 😅
Mr Rousseau, your aircrafft info is great. Can you hold off or tone down your political observations. All the issues you covered are not Joe Biden's fault, but structural changes in our economy have been affecting us for at least 20 years. Ok. I like your reports, but please let the politics go.