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  #1  
Old 02-04-2016, 08:44 PM
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stylinexpat stylinexpat is offline
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Business Jet for Jackie

Lucky him. That would be my dream.

Check out Jackie Chan's new $20 million private jet

http://www.businessinsider.com/jacki...500-jet-2016-2
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  #2  
Old 02-05-2016, 07:02 AM
Autoputzer Autoputzer is online now
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The (really) wealthy often say that the only thing unique about being really wealthy is personal jets. Houses are houses. Car are cars. But being able to go anywhere, anytime, quickly, and in total privacy, comfort, and security is unique to the ultra rich.

A co-worker used to ferry jets around as a part-time job. With bartering and knowing people, he could get access to one at times for his own use, and pile two or three other couples in for weekend trips.
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  #3  
Old 02-05-2016, 12:03 PM
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cwsqbm cwsqbm is offline
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Quote:
Originally Posted by Autoputzer View Post
The (really) wealthy often say that the only thing unique about being really wealthy is personal jets. Houses are houses. Car are cars. But being able to go anywhere, anytime, quickly, and in total privacy, comfort, and security is unique to the ultra rich.
One job I had required me to go to customers all over North America. Even the ones only an hour flight away took half a day once factoring in the drives to and from airports, check-in, getting my bags, rental car, etc. One customer desperately needed my help to get a production line back running, and sent their plane for me. Door to door in under two hours. I flew home commercially, and with all the delays it took nine hours instead the usual six. It ruined me forever, and that was only a turboprop.
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  #4  
Old 02-05-2016, 12:43 PM
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Definitely a fun toy to have at your disposal, but you'd have to guess most would lease rather than buy.

Personally I couldn't imagine wanting to travel enough to justify the cost, but know that private jets are first rate spoilers.
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  #5  
Old 02-05-2016, 12:48 PM
Autoputzer Autoputzer is online now
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Originally Posted by cwsqbm View Post
One job I had required me to go to customers all over North America. Even the ones only an hour flight away took half a day once factoring in the drives to and from airports, check-in, getting my bags, rental car, etc. One customer desperately needed my help to get a production line back running, and sent their plane for me. Door to door in under two hours. I flew home commercially, and with all the delays it took nine hours instead the usual six. It ruined me forever, and that was only a turboprop.
I got a trans-Pacific bump to business class once. I'm jaded now about coach. After going over in business class, I cashed in a pile of FF points to get business class back for the 16 hour hump from Japan to Atlanta. Normally, I'd stop off in Hawaii or California for a day to break up the trip. But, I was dating a girl/woman 17 years younger than me at the time so I wanted to get home ASAP... me soooo horrrrny.

I used to buy a lot of stuff in my job, sometimes $1M contracts. The sales managers for one of my vendors had a twin-engine plan (piston engine). A big part of their business was based on face time with their customers who were spread all over the country. But, with the sales manager's plane, they could get in a month's worth of face time in a week. They didn't **** with it in the winter, though. Light aircraft and winter are a bad combination.

All of the before-flight and after-flight hassles with airline travel is why I drive for almost all trips less than 1000 miles one way. I've driven 1400 to 1500 miles one way from Florida to Newport, Rhode Island and Cape Cod for work many times. It wasn't time or cost effective, except that I combined the trips with visiting friends and relatives along the way. This was especially important when my mother was alive and 900 miles away. Those driving business trips also would go a long way toward paying for a new car and justifying getting a new car several years sooner than otherwise. I've racked up 20k business miles on my Cobalt, meaning that it will go away two or three years sooner than it would otherwise.

Since I have the accounting gene, I'd quantify the depreciation incurred from business trips by looking up the Kelly Blue Book value at the time of the trip, with and without the additional mileage of the trip. I had a hard time getting all of the 50k of warranty miles in before my M3 turned four years old. So, I put 7k miles on it for business trips, including a FL-RI trip. But, the additional depreciation on the newer, low-mileage M3 was less than $0.10/mile.

The M3 was much more enjoyable on a road trip than the Cobalt. The Cobalt was a money maker though, and I didn't have to worry about vandalism. Vandalism wasn't a problem in Newport. But in the various Skankville's I went to for work, parking a BMW there wouldn't have been a good idea.

Last edited by Autoputzer; 02-05-2016 at 09:53 PM.
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  #6  
Old 02-05-2016, 12:54 PM
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Rush Limbaugh occasionally drops subtle hints that he owns his own jet, e.g. "...the flight attendant has all of the major newspapers on the credenza when I come on board." I'm certain he does that just to piss of the liberals and socialists, and I'm also certain that it works.
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  #7  
Old 02-05-2016, 09:16 PM
SanDiegoF12 SanDiegoF12 is offline
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Quote:
Originally Posted by stylinexpat View Post
Lucky him. That would be my dream.

Check out Jackie Chan's new $20 million private jet

http://www.businessinsider.com/jacki...500-jet-2016-2

Thank you for sharing.

Good for him. One of the greatest public figures in our generation.



Quote:
Originally Posted by Alias View Post
Definitely a fun toy to have at your disposal, but you'd have to guess most would lease rather than buy.

Personally I couldn't imagine wanting to travel enough to justify the cost, but know that private jets are first rate spoilers.


You get to a point when "optimizing" is no longer how you look at life.

Wouldn't you want to own 5-6 homes around the world even though you can only be in one at a time.

I would love my own plane. I really dislike the circus flying commercial has become.
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  #8  
Old 02-06-2016, 08:49 AM
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Wouldn't you want to own 5-6 homes around the world even though you can only be in one at a time.
Not really. I already have two and a fairly ideal life style and, am mostly content. We toyed with buying a 3rd home a few years ago but realized we would not be able to spend time there more than a few weeks per year, so abandoned the idea.

Not implying that a private jet wouldn't be appealing to some. One of the places I consult for periodically has a fleet of smaller jets they rent/charter to people all over the west USA. I talk with the owner from time to time and she said some of their clientele are well known, but most who use their jets are from .coms which fly staff around for meetings; others who desire the creature comforts. She says most of her jets amount to high end taxis.
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  #9  
Old 02-06-2016, 09:56 AM
SanDiegoF12 SanDiegoF12 is offline
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Well of course.
Many corporate and private owners lease out their jet when they are not using them.
And Buffett did buy NetJets after using their service for a while.


I doubt we will witness a widespread adoption of private planes in my life time.
If HondaJet has been in development for 30 years.
The average Joe has no money in the USA and lives pay check to pay check.
The cost of storage and the staff to fly a plane is high. That's why most owners seek to generate some revenue out of them.

Would you lease out your 7 Series or M6 Coupe when you are not using it? I would not.

I would like a home in NYC (that's always been a life time goal for me), London, Hong Kong, Tokyo and one on a tropical island somewhere.
Places where you can do business and see the rest of the world. I grew up in SoCal and while I love it, a change of scenery yields an amazing feeling.
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  #10  
Old 02-06-2016, 09:27 PM
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I was in Hong Kong in '84 and my friends were pointing out Jackie Chan at a night film shoot just up the street from my friends home in Tsim Tsa Tsui- I had no idea who he was at the time ... Oops.
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  #11  
Old 02-06-2016, 10:49 PM
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I believe today that they require 2 pilots. Paying two pilots a full salary,parking for the plane,fuel for the plane,insurance for the plane and maintenance can't possibly be cheap. That alone is a CEO salary
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  #12  
Old 02-07-2016, 03:50 AM
zx10guy zx10guy is online now
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Quote:
Originally Posted by Autoputzer View Post
The (really) wealthy often say that the only thing unique about being really wealthy is personal jets. Houses are houses. Car are cars. But being able to go anywhere, anytime, quickly, and in total privacy, comfort, and security is unique to the ultra rich.

A co-worker used to ferry jets around as a part-time job. With bartering and knowing people, he could get access to one at times for his own use, and pile two or three other couples in for weekend trips.
I wonder what statement Michael Dell is making by buying a Boeing 787.

http://www.wsj.com/articles/SB100014...60090003720584
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  #13  
Old 02-07-2016, 03:56 AM
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stylinexpat stylinexpat is offline
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I wonder what statement Michael Dell is making by buying a Boeing 787.



http://www.wsj.com/articles/SB100014...60090003720584

That must be a nice tax write off for Dell
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  #14  
Old 02-07-2016, 04:59 PM
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US Air Force has a fleet of Lear Jet to ferry people like er...me at the time around the world, Technology probably wasn't as advanced as now. But comfort was never a problem with them, And the stewards were Air Force ladies and pretty good looking too.
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  #15  
Old 02-07-2016, 05:56 PM
Autoputzer Autoputzer is online now
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Originally Posted by zx10guy View Post
I wonder what statement Michael Dell is making by buying a Boeing 787.

http://www.wsj.com/articles/SB100014...60090003720584
I could understand a biz jet, but one of those monsters.... I can't imagine. I guess to make Rush Limbaugh and Jackie Chan feel poor?
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  #16  
Old 02-08-2016, 10:16 AM
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Originally Posted by SanDiegoF12 View Post
I would like a home in NYC (that's always been a life time goal for me), London, Hong Kong, Tokyo and one on a tropical island somewhere.
Places where you can do business and see the rest of the world. I grew up in SoCal and while I love it, a change of scenery yields an amazing feeling.
Aim high.

Our 2nd home is in a wilderness paradise. Have had it nearly 16 years and spend more time there than my other home.
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