How the Uber of Private Jets Is Winning Over Celebrities and CEOs
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- เผยแพร่เมื่อ 27 เม.ย. 2016
- April 20 -- Why fly first class when you can book your own private plane? XOJET, the private jet company backed by TPG Capital, can take you across the U.S. faster than a commercial flight and its service is on demand. The company keeps client names secret, but social media posts from Instagram and Twitter reveal a few of them, including celebrities The Rock and DJ Tiesto. Bloomberg's Ramy Inocencio takes a private tour over Manhattan with XOJET CEO Brad Stewart.
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When you are an executive out to finish a $20 Million dollar deal, a small $30,000 fee to fly across the country is nothing. If you buy a ticket with a commercial airliner and you miss your flight because the security lineup is out the door of the airport, then you just lost $20 Million dollars. That's why this XOJET service is in such high demand.
You get TSA pre check and save your company $27,000.00....unless your company owns a jet membership with a reputable company like net jets
As if the deals always get canceled if other party misses the flight for excusable reasons. Plus if you are on 20mill deal you either arrive early, or if lines are huge you manage to get passed (if you are late usually you can skip it, people understand that).
@@Gliam12345 It’s a tax write off regardless
nice arithmetic, but there is an algebraic calculation also!
@@tomjens2046 first of all its a tax write of and its not just about one meeting. If you fly privat you can have 3 meetings in three different countries in Europe within one day and have lunch in a fourth (if you own the company ;P) if you fly commercial you need three days.
People on this thread just don't get it. There are a few million people who are so wealthy that 30 grand one way is relative to you spending 150 bucks one way. You have no idea what its like to be that wealthy and its not nuts to them.
There are a few thousand people.
who gives a fck about 30k when you get paid for litteraly do nothing as a job and get millions?
irishbreakfast There is someone in Africa saying the same thing about what you pay to eat at a nice mid-tier restaurant.
Doe' do i There is also a homeless dude in LA saying the same thing
@@sixfingerssaidtothefacepow34 That's soooooo true 😂😂😂😂
It's worth $30K to not have to deal with TSA.
Huge difference between Uber and XOJets: Uber doesn't own the vehicles using the platform, while XOJET directly owns its planes.
More like "on-demand rental", nothing new here
Comparing this to uber is an insult to the pilots and just about everyone else in the company.
wrg
they just used *uber* as a buzzword to get hits on the video, still insulting lol
Yep. Comparing a trained pilot to some chump of a cab driver. Bit of a stretch there.
The comparision is only made becouse its accutaly similar you can book it from your phone to go anywhere and you lift off only few hours after order. its the uber of the air.
by using the word uber hes refering to "on demand" nothing else.
Isn't this just the same thing as chartering which has been around forever? When it say uber, I was thinking people with their private jets were turning on their smartphones and clicking accept job and yelling to the pilot... "hey let's land in that airport over there... there is someone we have to pick up..."
🤣🤣🤣🤣
I was kinda thinking something similar. I thought it was a lbs Uber-like platform which allows high end clientele to book a ticket on a private jet last minute with this company. This doesn’t really connect with Uber much at all.
😂😂😂😂😂😂😂
😭😭🤣🤣🤣🤣 great comment !
Buddy, the top 10% of the 1% are not worth $40 million
exactly, he was making up numbers
More than that.
"or more". waste of a comment.
Actually his numbers were pretty spot on. In order to be considered in the top 1% of earners all you need to do is make approximately $460k a year and/or have about $10 million in accumulated worth. To be in the top 10% of that 1% (aka the top .1%) you need to earn almost double that yearly and have a net worth of at least $23 million. These numbers go up every year, but that was based on 2016's median income...
CORRECT !!!
i was thinking of buying a jet but it looks much easier to just rent it when ever you need it.
So did you buy or rent?
Uber of Jets for $30k? I'll just jump back on my Southwest flights for $79 one way
I don't know any idiot, who will choose extra 4 hours of inconvenience for $29,921.00
I'm with you.
I still have enough to pay for 10 strippers, a hotel and kilo of coke..
Lets say you have a client in LA that can fulfill a large order worth millions of dollars, but to secure the purchase order you must meet with the purchaser in NYC. You get the deal, only to discover that you have literally 8 hours to get to LA and prep your client and begin to fulfill the PO. Are you really going to risk a million dollar deal on all the insecurities and time constraints that come with flying commercial? If you are a wise businessman, you wouldn't. $30k may not make sense to most people; but when one's time is worth millions of dollars an hour, the advantages of flying private become clear.
CEO's often have "call-back" or "recall" requirements; meaning important board members and execs of large firms always have private jets on the ready, even while on personal vacation, do to the importance of quickly being able to get the director or officer back to HQ in case of an emergency.
Joe Bigornia But they need a private jet to carry their egos around with them.
Allen Han beautiful lol
$99 Round trip!...lol
It was the dog for me 🤣🤣🤣🤣
Some commercial first class tickets are more expensive than a private flight.
Because first class suites can be much more luxurious in terms of food and amenities
If you fly ever week it's best to buy one s plane... but if you fly 5-7 times a year this is the best option
In other words, this is business aviation and has been around for decades. Just because you put "Uber" in front of everything doesn't mean it's new.
Given the convenience and privacy of a private jet. $30K from NY to LA is not outrageously expensive when you can share it among 6 passengers. $10K per person round trip.
1:03 wow Donatella Versace looks so young there.
Those were her pre-botox days.
Lolz
And here I am watching this from my 2 by 2 cubicle.
How exactly is this the Uber of jets? More like clickbait for a puff piece about this company.
really? its just like uber. I want to goto Vegas I pull up their app, tell them where I'm at, where I want to go and when I want to leave. I goto the airport, the plane is there, I get on and goto Vegas. just like uber but with planes you can't do that on netjets or flexjet unless I buy part of the airplane just like he said in the video lol
Brian McGee do you work for these people. This is nothing like the Uber of Jets. Google Uber of Jets and you will actually find an actual company that has a much more comparable business model.
+Brandon Reed were you hinting at BlackJet - the "Uber for jets" that is no longer in business?
Brandon Reed 9o9.o.
The CEO in the video made the comment that the price fluctuates with demand which is very Uber-esque.
That was not at all informative. How is there service any different from the netjet marquis card and other similar programs?
Perfect transpo for drug mule. 30K per trip? Damn it's worth it 😂
30k a trip? I can see the resemblance with Uber
but does that private plane have an audio jack?
Wow, the jet can land on a flat street as long as its 300 feet long.
ha
3000*
0:27 "flashbacks intensify"
Sad that they can't afford Bose A20 Headsets and got stuck with QC15's.
Why is it that there's always some low-key company we've never heard of like "xgtd7625dg23hahalolol Capital" or "123abc Financial Group" that owns these bigger companies like Uber?
I guess these guys never heard of taking an interview in a sound proof room..
Such low production values from Bloomberg??
Unbelievable...
You sound like a pleasant person to have a conversation with.
That indicates that they don't pay attention to the details.
So much for "luxury"...
We use JetSmarter...
Pierce Brosnan's latest movie : I.T. shares this concept of "Uber of private jets."
I hope they open up for new investors
"the uber of" aka our shitty startup
With 17 $22,000,000 jets.
They have more than a 1/4 billion in assets, and have been doing this for like 7+ years, weren't you paying attention?
I'd like to hear what "here in my garage" Tai Lopez has to say, I value his opinion as I do also Alex Jones, of Infowars.
the challenger 300 is a expensive plane.
anyone know the name of the brand of the headphones the pilots wearing?
in 2:18 the relay satellites connection ( LSE: ISAT) or NYSE MKT: GSAT / NYSE: I and IRDM without using any password to connect? we thought their is 802.1x with EAP-SIM via Wireless Pre Shared Key second enterprise in AAA login via(CSCO/JNPR), also generate a invidical non copy certificate via global HQ in LDAP (light weight authorization protocol )also login server for traffic analysis and classification
in 2:32 the plane make by french corp or (NYSE:BA) or ?
also will the Uber PJ back end date operator /admin pro mist not using the customer details for marketing proposal ? not handle to jouristism , not giving it to authority / regional agency or national NGO? Nor recording and monitoring (blur) what the customer doing in their trip (which should protecting by the customer nationality(dual or multi-citizenship local law than the register company law >_<
Finally our VC/PE grp who guess the customer who speaking (arabic/urdu/Farsi/hanJa , African language/ PYCCKNN /roumania /West-north mandarin/ bahasa / Teng Viet as their first language)
One of the biggest clickbaits of this video is putting The Rock on the thumbnail.
Just wanted to know if they are still operating
Wonderfull nice one video !!!!!!!!
Now that is living!
My dads pilot is only 11k ! Damn this guy is nuts! After all my dad plane is only a a bit over 2 million
$2k to $5k per week via membership for jet rental makes sense
It's all relative.....
most commercial airliners fly at Mach 0.85
Might look into doing this and then buy a jet plane later on
Unlike uber you can negotiate price. Generally there is $10k in negotiation room. From Indy to Aruba we pay $24k.
If you choose Pay Per Flight programs versus Fractional Ownership (Ie. Netjets & Flexjets) you don't know how to make money work for you.
American airlines, Delta airlines, Southwest airlines and United airlines should start protesting this service. Bring all your jumbo jets and block the runways just like cab drivers do when they protest and block all roads LOL
Major airlines are not in competition with this company. Their clientele are too rich to fly commercial airlines.
sarcasm my friend, sarcasm. lol
quinnjim you must be fun at parties right
They won't rip me off
Its a time/value thing. Time is money
I’ll just continue to get moved like Cattle.
Top 10% of the top 1%? Net worth 30 million or more? I dont think so..
But that’s how mafia works
Amazing ! :)
the pilots at the end of the video are actually using bose headphones
I just want to see the fare pricings.
Patrick Booth Keep on dreaming....this is only for those who can afford it and they are tier 1 rich people. This won't work as a Uber or lyft pool brahhh!
Interesting how they are so proud of the customer not taking part title in the jet, as obviously that write off is a big part of the total cost analysis before deciding between the Netjets/Flexjet model and the XOJet model.
I guess the XOJet model works best for customers that can't write off the planes in their accounting (or less so than XOJets can themselves). Pandemic uncertainty in predicting your travel behavior could also title the choice towards XOJet, but then again makes it harder for XOJet to survive.
netjets is much better
30grand for a trip for a one way? No way in hell I’ll pay for this if I was in the one percent. It’s just too much money wasted for no reason. I can understand 8 grand for a one way but 30 is too much.
Was that Saruman?
$30k to NY from LA? You high as hell. You can fly 1st class for that..............10 times.
Head Of The Table yes, with other 150. People who use this service might also bring family, friends, colleagues, and pay only 1 fee for entire plane
and I complain about how much uber x is
Jet smarter is a better service than this.
Jet Smarter is a partner of XOJET, dumb, dumb!
30k for a single flight vs how much to rent/lease a jet/month?
no its per flight, vancouver canada to las vegas nevada is 30k.......one way.......
Yeah I know, I'm just saying, that's expensive as hell, I'm sure renting/leasing a jet is cheaper
Actually, you couldn't operate a PC-12 for $30,000. per month, much less a jet.
A person with a net worth of $40m can very easily make about $6500 a day just for breathing.
I would rather spend this much on having a private flight for myself than for a small space traveling business class on a major airline.
It must be amazing to be so rich that $30k is nothing like I almost have a aneurism if I find a dollar on the ground
Anyone who wants to can go right now to one of hundreds of charter operations and charter an aircraft to go anywhere in the world they want, on demand. This is not a new idea by any stretch, but they are doing it well, and well-funded. FAA Part 91 and 135 are different regulations that demand different actions.
The only thing keeping anyone from doing this is their own ambition. Go out there and get it.
Very nice.
you can book your own private plane
If it cost me 4K to be lock with high net worth people for the next 3 hours that’s is a steal deal
how is this uber????
I see nothing new in the business model and it's nothing like uber.
Your paying for convenience also to stay away from the less fortunate in life and their sometimes bizarre behaviour.
The Points Guy owns Uber?
pretty dumb idea those planes are leased which means they need a steady flow of passengers to stay afloat
Thats a problem all aircraft carriers have. No passengers = no business.
Yeah typically businesses need to have customers to stay in business....
Buying and selling companies? High-level decision makings that if people in the company fucked up and the company went under such as lawsuits it's would be bad. I can't lead with this kind of headache possibility. Props to everyone who makes a company work including those that fly in private jets that ensure stability of those underneath having salary and a job to do every time that everyone in the company most likely does without issue otherwise they wouldn't be there.
red sea scuba
160 jets
how'd he figure that a net worth of 30-40 million is top 10% of 1%?
+HateGovernment I'm sure the top 10% of the 1% has hundreds of millions at the very least
The 1 percent starts at people with a net worth of more than 600K net worth. What you are talking about is the one percent of the one percent.
dude, you are way off. In the US there are only 540 billionaires out of a population of 330 million. That is 0.000002% of the population. The top 10 % of the top 1 % is one in a thousand. Billionaires are One in half a million.
Most of the top 1% have between 1 million to 5 million in total assets, most of which would be the value of their home. The top 10% of this group, would have maybe 10-40 million - exactly what this guy in the video said.
I thought it was the people that make 300k
There's no way one in every hundred American adults has over a million dollars. And you can only count the equity in a property.
The top 10%of the 1% have their own jet.
You mean charter like every one else lol.
so how is this new?
oh yeah he says Uber!!!
The actual uber of jets is called JetSmarter. This is BS
But that’s how mafia works
if this is the uber of private jets can we soon expect their pilots do the same stuff what uber drivers did like raping customers, strikes and uploaded videos of themselves fighting with passengers?
Tiësto's own plane broke or whut ?
No that's not Uber. If the Rock gave me a ride on his private jet for like 30k, it would be Uber.
That's the trick, preach to us serfs global warming, while you jetset around the world, BUT HEY YOUR A STAR YOU DESERVE THE BEST.
I ask them to wash it and they take for a joy ride!
From LA to NY 30k 😅😅😅😅😅😂😂
If XOJET was like UBER, the majority of XOJET pilots would have their asses exposed to the wind if they ever were involved in an aircraft accident. Think about that. Move along.
MGR1900 an aircraft accident is a pretty big deal...
Chris And your point is what?
MGR1900 - I don't really know what your point is?
Buy, never lease a private jet. ;)
In the hood they fly Mo Betta Jets, get to yo concert fo shizz. Bring some homeboys too.
your ole ass is so stupid what you know about the hood nigga
I'm old and the hood was around in my days :) - Flatbush, Brooklyn - 1986- Still the hood today.
why he look like matt damon?
1 person owns this world and it's God
Jet fuel killing us
I`d rather get my own plane
+HateGovernment if you can afford a jet you can afford people to do that for you
HateGovernment doesn't matter if you got enough money for a jet if they pull a extra 100 you won't even notice
If you don't fly enough buying your own plane actually becomes more expensive than doing this. Even rich people like saving money. I heard one guy who used to own his own private jet but switched over to what Flexjet does (fractional ownership, you own the plane for an X amount of hours a year and other people own it the other hours) and he saved millions. He said in order to make owning your own plane the cheapest option you need to fly at least 150- 200 hours a year.
Because that's only $12,000 a year... you would have to save for 83 years and 4 months to cross the million dollar mark.
I gave my answer off the information you provided in your initial comment. Your initial comment said nothing about you having an IRA and you simply stated you save $1,000 per month, thus my answer of 83 years and 4 months.
seems like a regular ass jet charter company
What does he say at 0:47? Something execs?
***** Yeah, you're right there are cheaper alternatives, but for their target demographic price is not a big factor.
Often perceived value is a bigger factor when it comes to luxury services/goods.
***** so agree..but hey, what the heck right. Just just big fng gd deal.
Holco = holding company
Admiral of the Fleet Sir Cloudesley Shovell Ahh ok! Thanks!
Wheel Up not even top 3 wtf?
Leaders jets.
Cool