The Economics of Private Jets

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  • Published: 16 July 2019
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    Music by epidemicsound.com
    Select footage courtesy the AP Archive

    References:
    [1] census.gov/quickfacts/fact/table/US/SEX255218; newflightcharters.com/private_jet_charter_flight_pricing.htm; charterhub.com/listings/aircraft/for-charter/list/?Mdltxt=G550&Manu=GULFSTREAM&mdlx=exact; privatefly.com/us/private-jets/longrange-jet-hire/Gulfstream-G550
    [2] hbr.org/2018/07/the-leaders-calendar#what-do-ceos-actually-do
    [3] epi.org/files/pdf/130354.pdf
    [4] bloomberg.com/opinion/articles/2017-10-31/in-defense-of-corporate-aircraft-no-really
    [5] linkedin.com/pulse/tesco-wal-mart-private-jets-fabrizio-poli/
    [6] uk.flightaware.com/resources/registration/N455DG
    [7] corporatejetsolutions.com/PDF/Aircraft%20Comparisons/Citation%20VII%20vs.%20Hawker%20700%20vs.%20Lear%2045.pdf; awin.aviationweek.com/portals/awin/pdfs/BCAOpPlanningGuide/2012_Production.pdf; aopa.org/news-and-media/all-news/2015/november/16/hourly-operating-costs-of-45-jets-compared
    [8] symmetry.com/resources/payroll-news/2017/11/13/how-many-working-days-are-in-a-year
    [9] corporate.walmart.com/media-library/document/2019-environmental-social-governance-report/_proxyDocument?id=0000016a-9485-d766-abfb-fd8d84300000&mod=article_inline
    [10] stratosjets.com/private-jets/bombardier-7500/; trilogyaviationgroup.com/jet/Global-7500; privatefly.com/us/private-jets/longrange-jet-hire/bombardier-global-7500
    [11] economist.com/business/2012/04/14/winging-it
    [12] eia.gov/environment/emissions/co2_vol_mass.php; data.worldbank.org/indicator/en.atm.co2e.pc
    [13] economist.com/business/2017/02/16/why-bosses-are-flying-more-for-play-not-work
    [14] papers.ssrn.com/sol3/papers.cfm?abstract_id=529822

Comments • 3 126

  • Wendover Productions
    Wendover Productions   3 months back

    If you missed all the different announcements, I started a new podcast called Extremities about a month ago. It's all about how and why the world's most isolated human settlements exist, with the first season being on Pitcairn--the 50 person British territory in the South Pacific.
    You can listen to the podcast here: http://ExtremitiesPodcast.com

    • matt jakob
      matt jakob  3 days back

      Good tips. Very enlighteneing. However as we move closer to vacation season, i would also recommend webghost for all types of airline fare hacks and accomodation. Travel round the world through any class section for almost half the price of the initial price. I experienced this topnotch services when i booked First Class tickets and hotel reservations at cheaper rates when i travelled to Auckland,New Zealand in July. Webghost saved me about $2000 off my expenses. They also save you lesser time and stress which is why i can recommend to anyone.. Reach webghost33cyberservices,.com or text 1 470 231 5053 Thank Me Later.

    • Ferdinand
      Ferdinand  3 months back

      @Tiogshi Laj 
      Right? I miss the old voice. This sounds like he's talking through a thick blanket.

    • Kristian Canoy
      Kristian Canoy  3 months back

      Hi Wendover!! I want to request a video about how airline alliances work. (Star Alliance, SkyTeam and Oneworld)

    • Wubbalubba dubdub
      Wubbalubba dubdub  3 months back

      you could also make a video/podcast about tahiti. our company is shipping a package there from europe for 7€ with dhl, even though it's on the other side of the world from us. the french goverment seems to subsidise shipping cost to french polynesia.

    • Scooters Videos
      Scooters Videos  3 months back

      what this proves is that the rich are @$$raping us and that not paying at least $15 an hour is an outrage deserving of tar and feathers.

  • marco brenni
    marco brenni  2 hours back

    Boring enough !

    • Ryan
      Ryan  1 days back

      I just found out today that my university owns a private jet. No wonder tuition is expensive.

      • Geo Jeff
        Geo Jeff  1 days back

        Great video right up to the global warming nonsense. Al Gore uses one so I’m sure it’s just fine.

        • AlissonSv2
          AlissonSv2  2 days back

          This ridiculous amounts of money make me feel sick.

          • ForOne814
            ForOne814  23 hours back

            Jealousy isn't sickness.

        • matt jakob
          matt jakob  3 days back

          Good tips. Very enlighteneing. However as we move closer to vacation season, i would also recommend webghost for all types of airline fare hacks and accomodation. Travel round the world through any class section for almost half the price of the initial price. I experienced this topnotch services when i booked First Class tickets and hotel reservations at cheaper rates when i travelled to Auckland,New Zealand in July. Webghost saved me about $2000 off my expenses. They also save you lesser time and stress which is why i can recommend to anyone.. Reach webghost33cyberservices,.com or text 1 470 231 5053 Thank Me Later.

          • Martha D.moreno
            Martha D.moreno  3 days back

            Sounds awesome. I could use some of this freebies. I wanna go to Greece on a round trip.

        • TheMightyWookie351c
          TheMightyWookie351c  3 days back

          Holy Hell!!! This is a scam teaching you how to solve word problems... AAHHH!!!!!! Ruuunnn!!!! 😆😬

          • Hadwin Ying
            Hadwin Ying  3 days back

            6:33 according to google, lax has direct flight to mnl

            • Oliver Revillo
              Oliver Revillo  3 days back

              6:30 First of all there are daily flights from LAX to Manila through Phillipenes Airlines, you don't need to stop at Hong Kong

              • Cedric Ye
                Cedric Ye  4 days back

                5:30 "Day trip to the northEAST"








                Northwest and Midwest: *"Are we a joke to you?"*

                • sugarsaint
                  sugarsaint  4 days back

                  Walmart value their vice presidents time but my question is how much "value" was achieved in a fooking store visit 😵?

                  • Alan
                    Alan  4 days back

                    Don't the bull crap that are airports from airport security

                    • Robin Milan
                      Robin Milan  4 days back

                      Great video. I work in this space and corporate aviation is often misunderstood. Clearly there is a climate challenge with all aviation but many people don’t appreciate the issues raised here. Good job.

                      • dan foff
                        dan foff  4 days back

                        But ceo's and vp's aren't paid hourly so your logic is flawed the only inconvenience is his/her time which is makes no difference since his or her salary is already negotiated and doesn't change. The only savings is hotel food but not enough to justify the high costs of private jets.

                        • Fishing with Tyler
                          Fishing with Tyler  4 days back

                          My dad flys a global 750 he’s one of the top captains for netjets

                          • TubeBrasil
                            TubeBrasil  5 days back

                            It's just theft from the stockholders. The VP will not solve anything in a store in two hours. This is BS.
                            Also, it is a status symbol, and not every traveler is a CEO.

                            • Meditation Station
                              Meditation Station  5 days back

                              Stupid comparisons... a gw550 can seat 20 people, so same as that many EK first class passengers

                              • GIURIT
                                GIURIT  5 days back

                                8:16 Is this Poland? Wisla river delta?

                                • What The
                                  What The  5 days back

                                  Earning $100k a day is just mind boggling, really would stop caring about money lol

                                  • c22tch
                                    c22tch  5 days back

                                    Walmart is one of three Fortune 500 companies Hq'd in NW Arkansas. The others are Tyson Foods and JB Hunt. Not to mention the University of Arkansas is also local. There is a lot of money in this area.

                                    • Axel A. Stein
                                      Axel A. Stein  6 days back

                                      Not 1 mention about tax write-off for big corporations? Without that, not even half the jets would exist.

                                      • inf009
                                        inf009  6 days back

                                        You have to take into account that in many companies top executives are not allowed to fly together for security reasons

                                        • Axonteer
                                          Axonteer  6 days back

                                          Trying to have nobody taking an overnight stay is actually an interesting concept, my company forces the employees on busines trips to take economy up to 5h flights and having to take the cheapest flight we often have to fly after work, spend our free time night somewhere in Bottomville , work the whole day and arrive at our countrys main airport hopefully before 10pm... luckily i live close to the main airport so i have a train connection home up to 0:00 but others that have to travel further - say 1-2h by car have to take a taxi if there is no public transport connection running anymore... so they basically save money at the employees free time expense iguess?

                                          • Radiated [Line Rider]
                                            Radiated [Line Rider]  6 days back

                                            Bruh I live in that city 2:30

                                            • CanyonnT T
                                              CanyonnT T  7 days back

                                              Holy crap Great Falls got referenced. I'm shocked.

                                              • Zachary Reed
                                                Zachary Reed  7 days back

                                                Now remember that the people who fly like this also complain that paying living wages to employees would cost too much money.

                                                Capitalism was a mistake.

                                                • Moritz
                                                  Moritz  7 days back

                                                  Fun fact: Airbus has two flights on every business day from Hamburg to Toulouse and back - one in the morning and one in the evening. And it's not a small private jet, it's quite a big plane (I think it's an A319 or A320). And it is almost always pretty much booked out by workers.

                                                  • Benjamin Crowder
                                                    Benjamin Crowder  7 days back

                                                    Actually Wendover, they are building a Walmart in the Philippines.

                                                    • Life with D&T
                                                      Life with D&T  1 weeks back

                                                      Wow the last part got me 😬

                                                      • Isaac J
                                                        Isaac J  1 weeks back

                                                        At the cost of the environment for the rest of us...

                                                        • Jordan Rouse
                                                          Jordan Rouse  1 weeks back

                                                          6:45 it's pronounced since, not sense
                                                          Other than that, great video

                                                          • BlackShampoo75
                                                            BlackShampoo75  1 weeks back

                                                            Segway 1/10 terrible

                                                            • Magnis
                                                              Magnis  2 weeks back

                                                              8:17 Watching this three months too late... BUT I HAVE NOT EXPECTED Sobieszewo Island (part of my home city) in the video!

                                                              • Boss 458
                                                                Boss 458  2 weeks back

                                                                You forgot to mention that it is also a giant tax write-off.

                                                                • Gav I
                                                                  Gav I  2 weeks back

                                                                  Interesting points regarding the carbon footprint, maybe about time Sam Chui, Mo Vlogs or any of these other spongers gave it up since they are just ruining the environment?

                                                                  • Epickimster 188
                                                                    Epickimster 188  2 weeks back

                                                                    We are rich enough to buy a private jet but we prefer Emirates first class

                                                                    • Mr Razrback
                                                                      Mr Razrback  2 weeks back

                                                                      I go to college near bentonville, I definitely didn’t expect to see the area I’m living in rn to pop up on this video that’s for sure.

                                                                      • lonelyPorterCH
                                                                        lonelyPorterCH  2 weeks back

                                                                        Man, I have to get CEO too, they get a lot of money^^

                                                                        • Николай Сидоренко

                                                                          The flight to Manila can be done with one stop in Los Angeles

                                                                          • Charles Anderson
                                                                            Charles Anderson  2 weeks back

                                                                            Go fuck yourself🤮⚔️

                                                                            • Charles Anderson
                                                                              Charles Anderson  2 weeks back

                                                                              Respectfully right. Humans are shit, respectfully is a joke. Stupid rich people are not respectfully, just blinded by money!!! Rich people💩 suck!!!!!!!!!

                                                                              • Charles Anderson
                                                                                Charles Anderson  3 weeks back

                                                                                Your all stupid if you liked this vid!

                                                                              • David
                                                                                David  3 weeks back

                                                                                It's so awesome that he's talking about Bentonville considering I practically live there

                                                                                • cubeincubes
                                                                                  cubeincubes  3 weeks back

                                                                                  We all know how wonderful Walmart is...

                                                                                  • unicycle master
                                                                                    unicycle master  3 weeks back

                                                                                    The economics are they're fucking rich!

                                                                                    • Mikheil Ghvinianidze
                                                                                      Mikheil Ghvinianidze  4 weeks back

                                                                                      For a person generally 1st class should be preferable compare to private jet. Due to comfort that it provides.
                                                                                      However for the company in certain situations as you stated private would be preferable.

                                                                                      • Zubair Khan
                                                                                        Zubair Khan  4 weeks back

                                                                                        Move the head office from Bentonville to somewhere practical. Sell the jets and pay for the move and overnight stays for managers and enjoy the tax deduction

                                                                                        • Mel Raven
                                                                                          Mel Raven  4 weeks back

                                                                                          I want my Learjet with a wet bar and a brass pole😎😎😎