Fractional Jet Ownership Q? | Page 2 | FerrariChat

Fractional Jet Ownership Q?

Discussion in 'Aviation Chat' started by WILLIAM H, Aug 28, 2006.

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  1. absent

    absent F1 Veteran
    Lifetime Rossa

    Nov 2, 2003
    8,810
    illinois
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    mark k.
    I would even settle for a G IV or if really "poor" ,a Citation X.......
     
  2. RP

    RP F1 World Champ

    Feb 9, 2005
    17,667
    Bocahuahua, Florxico
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    Tone Def
    My partner has a G5 and a G3. I guess to match the two Ferraris. G3 stays in Europe, the G5 goes Miami to Europe.

    Me? I have a D-2. That's how many bags I lost the last trip on Delta.
     
  3. Admiral Thrawn

    Admiral Thrawn F1 Rookie

    Jul 2, 2003
    3,932
  4. JAM1

    JAM1 F1 Veteran
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    Oct 22, 2004
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    Joe

    I have been watching this one... now at 133k. I dont beleive it will sell, as the best price I have seen with one that had similar hours on the engines was just over 400k. Your right though, you cant beat the speed and range for the money.
     
  5. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
    26,268
    Portland, Oregon
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    Don
    I've always liked flying the 24D... not going to go 2,500kms though (at least not with me in it!).

    Non-RVSM, didn't see any mention of TAWS (probably has it, though), so the new owner will have some nice bills up front. I believe RVSM is around $125k.

    The key thing to understand, though, is that even though that airplane will probably sell for under $500k, it's still a multi-million dollar airplane to maintain and fuel. I doubt you could realistically operate it for under $400k/year, not including upgrades like RVSM.

    Basically, that airplane will cost you as much or more than a new 45 to operate, even though it's only 10% of the cost to buy.

    And Dale, please, I generally respect and appreciate your posts. But in this case your ignorance is showing.

     
  6. judge4re

    judge4re F1 World Champ

    Apr 26, 2003
    13,477
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    Dr. Dumb Ass
    Ah, the Mercedes 500SEC of the airplane world...
     
  7. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    Apr 28, 2003
    85,600
    Texas!
    Listen guys, William asked a question. I gave an answer. If you don't like what I said, fine.

    However, none of this changes the reality that if you enjoy throwing money out the window by the ton, buy a private jet. As a CPA, I have watched clients burn through so much money that buying a Ferrari seems frugal by comparison. Then, when you add the fact that most people don't have the money to do it right, perhaps this explains why I fly commercial.

    Dale
     
  8. LetsJet

    LetsJet F1 Veteran
    Owner

    May 24, 2004
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    Mr.
    I agree.........

    except the fly commercial part
     
  9. Admiral Thrawn

    Admiral Thrawn F1 Rookie

    Jul 2, 2003
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  10. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,529
    FL
    So what exactly is the big allure for G-550s? Aren't they priced around the same as a BBJ? The Gulfstream seems smaller so I'm guessing it has access to more airports. Does it use less fuel? I think I'd rather have the BBJ because it has a bedroom. :D Oh yea, and it's a Boeing. I'm not a fan of that tail design on the Gulfstream. Easier to stall the engines.
     
  11. Admiral Thrawn

    Admiral Thrawn F1 Rookie

    Jul 2, 2003
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    Don't forget the shower... ;)
     
  12. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
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    Does it still have as much cargo space as the commercials or is it fitted with more fuel tanks?

    Don't forget the conference table...
     
  13. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
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    Don
    The problem with the BBJ is that it's restricted in the airports it can go to. Going to the New York area? Your friends with GVs will go to Teterboro or White Plains, you'll be stuck with JFK or LGA.

    That situation is repeated all over the country-- one of the advantages of business aircraft is that they can avoid the big airports and take you to a smaller airport closer to your destination. With the BBJ, you give that up.

    It really all depends on your mission.

     
  14. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370
    From http://biz.yahoo.com/special/luxury083106_article1.html

    "Private jet owners have an average annual income of $9.2 million and a net worth of $89.3 million. They are 57 years old. And 70 percent of them are men."

    Also, since I ran a Bluestar quote from Reno to SF, about 200 miles, which was $10k, and I thought the math might work out better if I picked major airport, longer distance (whats the point, if you lose the convience, but anyway)

    The cost to go from San Francisco to New York was $83,297 - $102,647 in a citation. Larger jets were upwards of 230k. Do you know what kind of fun I could have in NY with 100k in 1 night? Sure wouldn't be on an airplane ...
     
  15. donv

    donv Two Time F1 World Champ
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    Jan 5, 2002
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    Don
    For slightly more than that, $120k, you could buy 25 hours from Marquis Jet (http://www.marquisjet.com/), a company which repackages NetJets shares into 25 hour blocks. You could pretty easily do the SFO-TEB trip twice with Marquis in your 25 hours.

    And Marquis is one of the most expensive operators in the business!

    The RNO-SFO leg would only be about 1.0 hours, at most, with Marquis, since they don't do repositioning fees. So you could do that one for around $4500 with Marquis (assuming 1/25 of $120k).

     
  16. frefan

    frefan F1 Veteran

    Apr 21, 2004
    7,370

    Well for now I just bum a ride with Art, all it cost me is a bottle of wine, I tell him its good stuff, shhh don't tell him I get it at Costco ;)
     
  17. Admiral Thrawn

    Admiral Thrawn F1 Rookie

    Jul 2, 2003
    3,932
    Thanks for the article!
     

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