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What is business aviation and why do we need it?
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- Опубліковано 14 сер 2024
- Business jets are one of the most prominent representatives of modern aviation. However, they, being representatives of the premium business airline industry, are isolated from the mass market, which makes them a mystery to most people. This riddle surrounds business jets both with the halos of elitism and many prejudices.
In this story, we will try to figure out what the jet business industry is like and why business jets are needed.
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As an Aicraft engineer i often fly on cargo planes from the airline who are scheduled or specialy chartered just for us engineers to unload including the tools and spareparts.
Also alot of engineers in the oil industry fly also mostly on (chartered) cargo planes.
You could say the cargo planes are the business jets for the equipment and we the engineers the hand luggage.
the construction field is not that different, only with AN-2 instead Learjets
Business Jets are a Tool for Corporations and Business Owners and Wealthy People to buy back their time and get places more directly. Time is more valuable than money time money can be spent and lost and gained back, Time never comes back. Jets allow this time to be utilized more efficiently.
@@bftjoe Some companies may underperform but that can also be said about companies that have no planes of any kind. On the other hand, many companies would not exist at their current size without their own jets or planes. Generalizations always miss important facts.
@@nemo227 Like your generalization about generalizations?
@@bftjoe That's why I said "some" companies.
@@nemo227 "Generalizations always miss important facts" is an unsound generalization.
And you didn't give any examples.
A four day trip using airlines could be a 1 day trip with a biz jet. More time is spent flying in airlines and they get paid during that
One of the best mini-documentary on private business aviation
I occasionally fly private with my work, it’s amazing how much more you can achieve with a 15 minute in-person meeting compared to a 1 hour video call
I guess you can talk 4 times faster if you are at a meeting in person.
@@rogerroger6049 Are you so unfamiliar with socializing that you write it down to just mathematics?
Put that keyboard away and go meet people.
@@davecrupel2817 I guess you socialise at meetings by giving each participant a big hug and kiss and enjoy the clamminous of all the handshakes.
haha, lies! What you really need is to stop using TeamViewer and do hundreds of kilometers to fix a teenager's PC that can't play Fortnite!!
@@rogerroger6049going for the extremes, eh? either all out or
nothing is it?
You go ahead and think that.
Just know that a civilized face-to-face meeting can accomplish far more than an equal video chat.
Even if you cant comprehend why.
Interesting topic. Business aviation is not just luxury toys, but the video explains much
During my corporate time, our transportation office often pushed me to use one of our own business jets instead of booking with an airline. Time is money and business partners loved the prestige offered. :-D
And I'm sure you don't miss having to share space with the difficult/drunk passengers, standing in lines with angry passengers who feel the need to harass ticketing agents when there are flight delays, cramped seating or screaming babies either.
Regarding the subject of "Reaching Places," I remember when we gave executive transportation in a Beechcraft Duke B-60 where even small jets cannot give it. (By the way, we even served caviar and Dom Pérignon gave "The Level" of the customers we transported. That was México in 1976!).
Do the MD 80/90 series please! Thanks for your work!
I second this. I fly on these with some carriers and know nothing about the models. :)
I think you covered nearly everything but you could emphasise the point that a company in a small city with very few connections (or even no commercial airport at all) has very slow travel options to another secondary city. e.g. Salina (KS) to Redding (CA) is a minimum 12.5 hour commercial flight (3 stops) plus an hour wasted at the first airport. As the whole day is wasted each way, a single meeting could require two nights' stay at the destination, giving a total trip time of 64 hours or so. However, the distance is just 1,318 miles, which is a 3-hour direct flight in a decent jet. This could allow a return trip all in the same day and an overall travel time of 12 hours - 52 hours saved!
You forgot to mention that some companies offer business jet sharing or lease Jets. That gives the customer's another option
Fractional ownership...the first step in owning a fast mover.
Not in this field at all, but, with the leasing like that, how does it work? I guess it must be like car leasing . You pay a fixed amount of flying hours or km/miles done per year? Tks for the answers.
An engineering firm I know has clients in places where there only small airports, they need business jets to fly their people in and out here in the American Midwest.
Gulfstream G650!!! What a beautiful jet.
Like a G6
Not many commercial airliners can stake a claim to beauty either.
Hearing you talk about these skyships eases my mind.
Thank you for these awesome videos :)
This production is outstanding, I learned so much is a short period of time and saw loads of great footage!
Surprisingly good montage, we’ll done.
You should do an episode on British aviation jet airliners, (Hawker siddley trident, bac1-11, bae 146, and VC10)
VC10 may come soon)
oh i'm eager to see that one and i believe the world's first business jetliner was a comet 4c for the saudis but it was destroyed on a mountainside in 63
Il-62? Plz, Skyships Eng!
I watched one video under recommendations and immediately subscribed after. Youre the best!!
Desire Ncube *Subscribed
@@ephapax1 lol thank you I didn't notice! Auto correction 🤣. Youre a star!!
Our firm has to send engineers to remote locations to work on power plants, oil fields & dams which are usually reachable by commercial aviation, but flying commercial doing 3 or 4 stops involving changing planes is very exhausting and we can't expect exhausted human beings to be fresh & sharp doing so, we fly them on business jets whenever possible. Just the comfort, room to stretch out, etc. makes the employee recognize that we value them as team members and are able to arrive for work refreshed since we're able to avoid long layovers and most flight delays.
Although this video is - as always - really great you forget the number one benefit of private jets.
Let me explain:
The main reason why rich people choose private jet services is not because they want to enjoy their money and take advantage of a super-luxery trip but because in those private jets they meet similar people.
If you are worth millions because of a company you built up then it is pretty hard for you to meet like-minded people.
Just like exclusive clubs where you pay 30000 euros or dollars membership fee per year private jets are one possibility to do so. The high price serves as a filter to sort out the worthless (okay sounds a little harsh but effectively true). So, although an indiviual flight in private jet might be super expensive, but in case a new business cooperation or a interesting inspiration for how to run a business is exchanged.... well suddendly the private jet not only becomes cheap but a way to actually earn money.
A normal airline business class or first class cannot provide this special feature.
Rich people see in everything they do an investment opportunity where the average person sees a waste of money or some way to show off.
People don;t fly business jets to meet other people private jets arent social clubs . Rich people dont see everything as an investment don't be silly
toom2141 explain how rich folks meet other rich folks on jets. Everyone I know, who works in the sector, told me the passengers are brought to the plane, taken to their destination, and picked up. Social interaction is kept to a minimum
Bravo. Well presented with very balanced and fair proposition.
Another nicely crafted informative video from you. Thanks for clearing the clouds of doubts.
“This is no longer a luxury, but a necessity”
That hurt me
Theyre so valuable and better than normal people they cannot waste three hours at the TSA and the lobby waiting and then sitting with pleab masses of peasants.
@@SWIFTO_SCYTHE LMFAO
@@billywayne6104 well its true. We should give the rich business airplane users all the tax breaks because they can spend their hard earned millions on creating jobs for us peasants. They already have one or two private jets they wont waste money on a thirdm
@@SWIFTO_SCYTHE they buy them. I'd own one too if I was rich. They also pay way more in taxes. Most of us are taxed at 12 or 22 percent. They are taxed at 37 percent. That's ridiculous. Over 300 a week is stolen from me just from the feds. If I could keep that 300 I'd probably own my own airplane
@@SWIFTO_SCYTHE Of course they can't wait, they're creating jobs, they're doing business! If anyone in the TSA line is in a same rush they are free to buy their own plane
1:13 you've said it all: they're flying limousines... someone needs them just like someone needs a car limousine, but they're more a necessity for corporations not wanting to depend or rely on an airliner's timetable and destinations!
On a personal level, I'm more interested in the development of small, 'affordable' GA aircrafts (50k-100k) with an infrastructure built around them...
Thank you for the conversation on this...
Wow. You’ve really put a lot of thought into this!
Smaller airports and business airports alleviates the commercial counterparts airports as it frees up slots for the scheduled flights. I can't imagine the delays plus what it would do to major airports infrastructure if all of those flights at smaller airports end up having to use commercial airports.
Excellent vid bro.
Very thorough review.
Excellent!
Hello it is called General Aviation GA. Part 91. Charter flight are on part 135, some are on part 141. My favorite part 119 on the job training ancient part. Saludos
Great video!
Just one thing Dassault is pronounced « dasso » and not « de su ».
I’ve worked jobs where I would be flown in many different kinds of aircraft to get to my destinations to do technical work. These aircraft would be from helicopters, float planes, and many types of planes including turboprops and small jets. Hell I even rode on a DC 3 I had to get to move a large piece of communications equipment.
I'm out of beer & meat! Need a jet to get more, fast!!
Haha)
Let's find a jet! I think I can fly!
Roger please confirm coordinates.
KDC10 aerial beer refuel tanker is standing by on the Tarmac.
C130 is now beeing loaded with beef for aerial drop.
They should just have beer piped to taps at every home. And solve the problem permanently.
Didn’t Elvis have his favourite cheese burgers 🍔 flown to him on his business jet??
you forgot, sometimes celebs ride the birds 'cuz they don't want to get mobbed by fans
Beautifully humanized ,an extremely expensive industry. And PC 24 looks good taking off from dirt.
Good video!
I Love this Awesome Video on Buissness Jets!!!!
Excellent post!
Excellent video and understanding ‼️
If you have the resources 'business flying' is a nice alternative. Commercial travel has become a special hell. The greatest luxury is being able to drive now... time.
It's not a question of need. It's status, convenience, luxury.
Absolute necessity. The commercial airliners are no longer efficient for business.
because time is most valuable thing
Wonderful video , I will be working in aviation soon and this was most helpful.
Very well thought out. Thanks for the video.
Video was awasome. Maybe something about regional aviation next time :)
Well explained. You just earned a sub!!
This was a good video. Great content!
The fixed costs of this category are huge, so reducing the total costs per travel means increasing the number of flight hours per year. Companies renting big turboprop airplanes are already competitive in price with first class tickers in commercial airliners, but with most advantages of a private business airplane. Also there are many of those airplanes for sale due to "emotional" reasons at reduced prices.
Could bigger rental services for this category become a viable new market (not necessarily only for jets)? As long as businesses get their demands for time satisfied, sharing them in the same travel doesn't seem like a bad idea (psychological factors not considered).
thanks you videos are great
Dassault is not pronounced “dassoo” but dasso, the same sound when you say “oh”.
Screaming Wolf like assault
White Mail Privilege No! Assault is pronounced differently. It is like „asalt“, whereas Dassault shall sound like „Dassoh“ (not „Dassoo“)!
White Mail Privilege, Noooooo you got it all wrong! Those are 2 different prononciations!
@@whitemailprivilege2830 Don't tell me you've been getting "Renault" wrong too.
It’s called a fuckin accent, chill. You just look ignorant tryna correct an English speaker who speaks in a different tone.
It's unfortunate the video didn't mention anything about Netjets and other business jets for hire.
Hiring business jets is a world away from buying one, and the justifications for hiring a jet on a once of basis are many e.g. company execs of supermarket chains can quickly visit their new and their biggest stores once a quarter and not lose time.
You should mention shared "business" jets! You may charter an airplane at almost every bigger airline.
Some "business" jets are in fact regular planes of an airline (on paper), the maintenance, pilot training and all logistics are handled by an airline.
Some business jet's are in fact airliners with the traditional seating. If you had to move 100-300 workers regularly (ok these companies often build jets themselves) a business jet may be an option.
Some airlines are in fact very small planes as in some countries you need registration as an airline if you take even 1 passenger.
Wow Tnx bro good business ok thanks good brother TNX
Regarding converting airliners into business jets, you did not mention a certain infamous 727.
Or DC-9 Hugh Hefner's big bunny jet.
LOL...would it sport a Black and Red livery??? With Gold lettering???
@@ericmars7192 #LMAO!!!
I'm from NYC and I'd see it all the time parked at LGA. He upgraded to a 75...(757)
The PC24 FMP is an Emergency Air Ambulance not a "Business Jet" the PC24 was chosen because it can fly further, faster, is bigger inside, has a bigger payload & can land on the same strips as its smaller Pc's & Beechcraft's
Yes, but the PC24 would not exist in it's curent shape if there wasn't a market for business jet that can land on short landing strips. The PC24 is a business jet and the PC24 FMP is a modified version that functions as an air ambulance.
Yeah. Two Gulfstream IVs, Gulfstream 550, Falcon 50, Sikorsky helicopters etc. worked miracles for Lehman Brothers.
Meetings abroad, often used by CEO's, travelling in general is something that often can be cut completely or partly by just hosting a online meeting. I mean, we meetings in general are usually a waste of time in general since most things can be stated in a mail rather than gather everyone in one spot and have a hour meeting about something that takes 5 minutes to explain. The same thing with CEO's travelling everywhere, imagine if they could just host a video call instead. Imagine how much money and environmental impact we could save.
learnt amazing stuff in few mins from your video. thanks
To some it’s essential to some its luxury
The Eclipse is not in the same league / class as the HondaJet. If the HondaJet is a VLJ, then so are the Phenom 100, Cessna M2, all CJ1’s. So I think light jet is more appropriate.
Most folks know that I hate taking off my shoes to get on a flight, but then I had a chance to fly on an empty flight, like maybe 10 people onboard and I said to myself, "Oh so this is what it must be like on a PJ." I could go for something like this.
Good one - I can only dream. Wish more was mentioned about single pilot (captain) or first officer requirements.
The single pilot requirement is related to the weight of the airplane, until a certain weight (I don't remember the number) you can fly single pilot, after that weight, you need a second pilot, FAA requires a second pilot because, the bigger the airplane, the bigger is the work load, so, to prevent accidents you devide the workload
Just to name some single pilot airplanes, all Citation's under the CJ4 (including the CJ4), Phenom 100 and 300, Beech Hawk (I don't remember which model), King air 90 and 250, Pilatus PC12 and PC24
Will buy bombardier 7000 best canadian aircraft in world
👈 Nice work man 👉
Planes are made by people , they get paid good , jets are not free and nothing about jets are cheap either so it's a really big industry supporting millions all over the world . Just like mega yachts down to tiny jet skis . Each supports the other one way or another . Glad they are there , if this bothers you then ask the guy living on the street for a job , let us know how that turns out .
It's simple really... sometimes in business a potential partner needs to pass a vibe check.
I heard Jetstar as Death Star
Very good narration voice!
Well Said.
Really great video!
Either way I hope the aviation business will always stay and not be destroyed by environmental groups
What aircraft has the cockpit shown at 14:39? Seems ultra modern.
Gulfstream G500
@@Antoine7881 thanks
Amazing video🙌🏾 you’ve earned a new subscriber🔥
I dream of a Bombardier Global 7500 one day😭
I love how comically big the windows are on the 7500. Massive👌
Because we can
Thank you!
I thought the narrator is mad at me 😂✌🏻
PC-24, the best Buisnessjet !!!
Hey man, you've got to do a video on the BAe-146!
TIME IS MONEY
Am getting one soon
Where is the G650 video?
From what movie are some of the scenes from?
In February 2019, an Argo shareholder issued a press release in which it alleged, among other things, the misuse of Argo assets by Watson, including undisclosed personal usage of corporate aircraft. On April 12, 2019, during a proxy contest with this shareholder in connection with Argo’s May 2019 annual shareholders meeting, Argo filed a definitive proxy statement that failed to disclose over $1 million worth of perquisites, including over $230,000 related to Watson’s use of corporate aircraft. From 2015 through 2019, Argo incorporated its definitive proxy statements into its annual reports by reference. From 2014 through 2018, Argo incorrectly recorded payments for the benefit of, and reimbursements to, Watson as business expenses, and not compensation. As a result, its books, records, and accounts did not, in reasonable detail, accurately and fairly reflect its disposition of assets. In addition, Argo failed to devise and maintain internal accounting controls relating to payments for the benefit of, and reimbursements to, Watson that were sufficient to provide reasonable assurances that transactions were recorded as necessary to maintain the accountability of assets. These failures included, for instance, a practice of providing expense reimbursements to Watson without requiring an adequate explanation of a business purpose for the expense, allowing Watson to approve his own expense reimbursement.
Mr. Watson's Personal Chariot
Make: Gulfstream: 5
Registration Number: N17ND
Serial Number: 518
Lessor: Jetaway Air Service of Muskegon, MI
Monthly Payment: $ 175,000
Hourly Reserve Payment: $ 1,250
Average Monthly Payment to Jetaway Air Services (based on recorded flight hours) $250,000 to $300,000 (note: figure does not include crew salaries, airport fees, insurance, and fuel) 4 to 5 million expensed to Argo shareholders each year for the exclusive use of Mark Watson's Personal Chariot - G5.
8:18 what's that between the start of the tale, at the top back of the engine for two second top?
can you do a video on bush flying?
5:32 $50,000?????
HAHHAHAHAHA
My dude....
Take this from someone on the inside of this industry.
The interior designing of these planes can cost almost as much as the plane itself...
MILLIONS of dollars of custom interior designing. Because it all has to be "aviation designed & rated" stuff. Those three words bump the price up by orders of magnitude for ANYTHING that you buy. A curtain, a bolt, a rug, a napkin.
$50,000 is chump change in the buisness aviation world. Lol
Daniel Cannata lol thanks for the insight bro . A large factor of owning a private jets is its a money well with components that are hard to make sense of . One of them being interior design costs
Please do Dassault Falcon series
The real litmus test. Would companies and individuals still buy $60,000,000 business jets if they were not tax deductible? Some company aircraft are being used to fly trouble shooting teams to hard to reach locations. Makes financial sense. A CEO flying his G650 to a ski resort, the Super Bowl or some other popular destination, not so much. These aircraft are time machines. Even Warren Buffet who was against these jets at first finally realized this and bought NetJets. So let’s all agree is a luxury for the rich and famous. Now let’s all agree that these perks should not be tax deductible anymore. Your toy, you pay for it out of your own pocket. If that ever happened world wide Gulfstream and the other private jet makers would be out of business. I know several individuals that own jets and the only reason was: Either buy the jet, write it off 100% the first year or give the money to the IRS. Not much of a choice so I don’t blame them. I’d do the same were I inn their shoes. The tax laws need to be rewritten.
Pls do c-130! really love your videos!
I can only imagine how much the tickets on them worth, are you sure they are not first class jets?
Damn, Trump has done a lot of cameos!
When you're as egocentric as he is, why would he say no?
Why would you say NO, TransitBiker?
@@greateraviationgl91 Don't make fun of his transport Bike please!
Then transport him in a Helicopter m9 XD
Being physically there is one of the reasons why my company sends me to different places all around the world. Unfortunately not in those nice little things. All we get are economy class flights, no matter how long they are and how long it takes. It must be cheap. :(
On the bright side, my last flight for work was a CRJ, and ther ancestor is a business jet, so I could at least somehow say... ;-)
S/O to that HBO's Entourage shot at 2:58.
Only real Entourage fans would recognize💯
Status Symbol !!!
60% of the world business jets are registered in the US. But allot of US registered aircraft aren't based at, and thus their business is at, the us. I work in business aircraft in australia and about half of our aircraft are american registered. I doubt 60% of the business aircraft markets are profited from american companies.
Because they can.
repair professionals i can understand, not paper pushers
My wuestion is why we need high rise buildings they seem to be the most advanced thing we do is building them none stop everywhere there's a city nearly
I wish they weren't so expensive. All planes, really.