I’ve flown private about 25 times in my career. It was very effective to move a team of people to a meeting and back without a hotel stay. There is a security aspect for celebrities and high profile CEO’s. I would argue the rest of the usage is ego.
You forgot landing fees!! Private planes have to pay landing fees depending on their weight/size and this can be thousands of dollars depending on the airport.
Speaking as a registered PE & former employee of a US defense & commercial aviation mfr, incl . linear programming of flight/payload economics for client app-specific/lease/buy analysis. IMO: GOOD WORK ON YOUR PRESENTATION HERE. BTW: sure- big empty planes in skies are huge waste, but that's a major exception to the 'economies of scale' and those days are over. Tower/TCA has to handle (just) one @ 200+ seats vs (how many??) equivalent biz jets.
The majority of private jets are not using the large commercial airports. They are flying into municipal and if possible private air parks. So there is no huge juggle for towers to get private light and medium jets unbanned abundance compared to one large carrier. I'm no expert or even novice and definitely don't have the formal aviation background that you have, but I spent the first 30 years of my life living in the neighborhood that LAX airport occupies the land of that neighborhood. As a kid we rode our bicycles and skateboards all around in the airport on the runways in the terminals, sometimes taking people's bags for them to their parked cars, and as teenagers we would sit in our cars in the area where the airport bought out the homeowners and removed the houses but left the streets intact. We'd sit and drink and smoke fool around with our girlfriends and watch the planes take off and land. Small Turbo props, puddle jumpers, big top 747s and everything in between. There is a large, maybe 3 or 4 acre corner of LAX dedicated to the private commercial jets of all sizes usually sports teams, business/corporate jets, some foreign dignitaries but LAX doesn't allow private jets or airplanes to use its runways. Private jet and prop planes use Santa Monica Municipal (which they are about to close), Hawthorne Municipal which sits next to Space X facility and used by a lot of people and the most used airport for private planes from jets of all sizes (lights thru heavy) including fighter jets is Van Nuys Airport. There are airports that allow all types of aircraft to use their runways like Burbank, Long Beach, John Wayne in Orange County that the tower would be dealing with ratios higher in private aircraft than commercial but as far as cost to run these are not Muni airports and money is still taxpayers but on federal level as opposed to small craft municipal airports or even private runways and air parks where the local taxes help fund the facilities. But these are not sneaky surprise taxes, the residence of these areas around these muni airports are aware of what they are paying for and should be aware that those taxes are paying for the aircraft to land there. There usually is some beneficial return to the community by having the airport open like jobs for starters. Having lived half of my life with LAX literally in my backyard mostly sucked. They have no regard for the community that allows the airport to occupy its very valuable beachfront property. The owners of LAX don't even contribute any revenue to the neighborhood and small business community that it is constantly infringing upon buying up residential sections of the neighborhood for their own expansion and 'improvements" as those projects impact the neighborhood by traffic being diverted and closed causing already congested freeways highways and streets to be even worse during construction which lasts for years at a time. They don't contribute to the improvement of the small business area that tens of thousands of vehicles travel down the main boulevard, Sepulveda/ Pacific Coast Highway, of our town and tends to look run down because rent is too high due to the proximity of the airport being a quarter mile away. So spaces remain unoccupied and it should be supported by the airport but they would rather see it get worse so that they can buy the whole neighborhood which they have plans to do in the future. Luckily the price of housing in Westchester and Playa Del Rey start in around a million dollars for a 80 year old 900 square foot house that has never been updated. And prices run up to 10 or 12 million for newer and new large 3-6 thousand square foot homes. SobI don't think eminant domain will come into play these days like it did in the early '70s when that property value average was $100-$150k per house. I apologize for going off track with my reply
Im inlvolved in private jets for a living, This is an inceribly wealthy country. Remember that the people who fly these jets employee a whole lot of other people.
no way youre triggered about journalism that literally has arguments from both sides 🤣 and by "invoke class warfare" you mean talk about things rich people do.
@@vanesaserrano7053 whether people are for or against private jets is irrelevant to the title of the video which is about the economics of it. The author should have stayed on point or used a different title.
We could solve the housing crisis in the USA in a single year if these people who spend hundreds of millions of dollars pampering themselves would get off their asses and see to someone other than themselves. In a year.
I’ve flown private about 25 times in my career. It was very effective to move a team of people to a meeting and back without a hotel stay. There is a security aspect for celebrities and high profile CEO’s. I would argue the rest of the usage is ego.
You forgot landing fees!! Private planes have to pay landing fees depending on their weight/size and this can be thousands of dollars depending on the airport.
The CEO of organization regulating this stuff flies a private 747. (Air Force One) lead by example.
Whoever is busting Ms. Jenner's chops for jetting across town has never had to sit in LA traffic. Literally *everyone* would do that, if they could!!
Speaking as a registered PE & former employee of a US defense & commercial aviation mfr, incl . linear programming of flight/payload economics for client app-specific/lease/buy analysis. IMO: GOOD WORK ON YOUR PRESENTATION HERE. BTW: sure- big empty planes in skies are huge waste, but that's a major exception to the 'economies of scale' and those days are over. Tower/TCA has to handle (just) one @ 200+ seats vs (how many??) equivalent biz jets.
The majority of private jets are not using the large commercial airports. They are flying into municipal and if possible private air parks. So there is no huge juggle for towers to get private light and medium jets unbanned abundance compared to one large carrier.
I'm no expert or even novice and definitely don't have the formal aviation background that you have, but I spent the first 30 years of my life living in the neighborhood that LAX airport occupies the land of that neighborhood. As a kid we rode our bicycles and skateboards all around in the airport on the runways in the terminals, sometimes taking people's bags for them to their parked cars, and as teenagers we would sit in our cars in the area where the airport bought out the homeowners and removed the houses but left the streets intact. We'd sit and drink and smoke fool around with our girlfriends and watch the planes take off and land. Small Turbo props, puddle jumpers, big top 747s and everything in between. There is a large, maybe 3 or 4 acre corner of LAX dedicated to the private commercial jets of all sizes usually sports teams, business/corporate jets, some foreign dignitaries but LAX doesn't allow private jets or airplanes to use its runways. Private jet and prop planes use Santa Monica Municipal (which they are about to close), Hawthorne Municipal which sits next to Space X facility and used by a lot of people and the most used airport for private planes from jets of all sizes (lights thru heavy) including fighter jets is Van Nuys Airport.
There are airports that allow all types of aircraft to use their runways like Burbank, Long Beach, John Wayne in Orange County that the tower would be dealing with ratios higher in private aircraft than commercial but as far as cost to run these are not Muni airports and money is still taxpayers but on federal level as opposed to small craft municipal airports or even private runways and air parks where the local taxes help fund the facilities. But these are not sneaky surprise taxes, the residence of these areas around these muni airports are aware of what they are paying for and should be aware that those taxes are paying for the aircraft to land there. There usually is some beneficial return to the community by having the airport open like jobs for starters.
Having lived half of my life with LAX literally in my backyard mostly sucked. They have no regard for the community that allows the airport to occupy its very valuable beachfront property. The owners of LAX don't even contribute any revenue to the neighborhood and small business community that it is constantly infringing upon buying up residential sections of the neighborhood for their own expansion and 'improvements" as those projects impact the neighborhood by traffic being diverted and closed causing already congested freeways highways and streets to be even worse during construction which lasts for years at a time. They don't contribute to the improvement of the small business area that tens of thousands of vehicles travel down the main boulevard, Sepulveda/ Pacific Coast Highway, of our town and tends to look run down because rent is too high due to the proximity of the airport being a quarter mile away. So spaces remain unoccupied and it should be supported by the airport but they would rather see it get worse so that they can buy the whole neighborhood which they have plans to do in the future. Luckily the price of housing in Westchester and Playa Del Rey start in around a million dollars for a 80 year old 900 square foot house that has never been updated. And prices run up to 10 or 12 million for newer and new large 3-6 thousand square foot homes. SobI don't think eminant domain will come into play these days like it did in the early '70s when that property value average was $100-$150k per house.
I apologize for going off track with my reply
These ep are great
Whether some ppl think that private jets shouldn't exist has absolutely nothing to do with the economics of it.
Im inlvolved in private jets for a living, This is an inceribly wealthy country. Remember that the people who fly these jets employee a whole lot of other people.
Envoke class warfare whenever you are out of story ideas… Class-ic move!
Yawn…
no way youre triggered about journalism that literally has arguments from both sides 🤣 and by "invoke class warfare" you mean talk about things rich people do.
More like bored. It’s not entertaining, comrade.
@@vanesaserrano7053 whether people are for or against private jets is irrelevant to the title of the video which is about the economics of it. The author should have stayed on point or used a different title.
We could solve the housing crisis in the USA in a single year if these people who spend hundreds of millions of dollars pampering themselves would get off their asses and see to someone other than themselves. In a year.
😂😂😂😂😂😂
How about sticking to the economics (that I came to listen to) and leaving out the social commentary?