Thursday, April 25

Tag: private jet

Inside The Reuben Brothers’ Aviation Empire!
21May By Alya KulikovaNo Comments
Analysis

Inside The Reuben Brothers’ Aviation Empire!

Best known for their extensive property empire, the Reuben Brothers are also at the helm of a rather impressive aviation empire, consisting of an airport, a heliport and a now-defunct airline. Though not as large as the aviation holdings owned by a solely-aviation investor Kenn Ricci, the brothers' aviation empire neatly fits into the brothers' real estate holdings without suffering overdiversification problems. (adsbygoogle = window.adsbygoogle || []).push({}); Who Are The Reuben Brothers? The Reuben Brothers - David and Simon - are Indian-born British businessmen and property investors worth an estimated £16 billion ($20 billion), whose properties include London's Millbank Tower, AMEX's London HQ and Hampton House. Born in Bombay (now Mumbai), India in 19...
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Cheapest Planes to Buy And Operate!
4May By Gareth SeagullNo Comments
Aircraft Digest

Cheapest Planes to Buy And Operate!

To most, the owning your own aircraft is something reserved only for the richest of the rich and your wildest dreams. But this is not always the case, some planes are considerably cheaper than others. So what are the cheapest planes to both buy and fly? As you probably guessed, going down the route of buying on price means you will have to forgo brand new planes in favor of used models, which are typically quite old but nonetheless still as good as they day they rolled off the factory floor. For the purposes of this article, we will look at the two cheapest aircraft in all categories of aircraft you might find in the ownership of a typical pilot. Ultralight 1100R Mini-Max - $10,000 Airbike LS - $11,000 Single Engine Piston Cessna 150 - $25,000 The fifth m...
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How Jettly Has Transformed Private Jet Charter
12Mar By Gareth SeagullNo Comments
Executive, Aircraft Digest

How Jettly Has Transformed Private Jet Charter

The private jet charter industry is the last part of the aviation industry to not be truly digitized. Expedia-style flight aggregator Jettly hopes to be the company to truly bring the industry into the digital age. Through its user friendly website and app, Jettly allow customers to input their destinations and see quotes in real time, before a service representative reaches out to them to confirm the exact pricing based on their needs. Jettly's hope is that their site will circumvent the need for brokers whose large fees have deterred many from flying private before. (adsbygoogle = window.adsbygoogle || []).push({}); A Problem Before the rise of the internet, you had two options when chartering a private jet, both of which had their drawbacks. The firs...
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How Richard Santulli Became The Father of Fractional Ownership
26Jan By Gareth SeagullNo Comments
Executive

How Richard Santulli Became The Father of Fractional Ownership

Though not as famous, Richard Santulli is up there with the likes of the Wright Brothers and Igor Sikorsky for his contribution to aviation field. But unlike them, Richard didn't make aircraft, he pioneered a new use for them. As the driving force behind NetJets, a company he founded and led for a quarter of a century, Richard created not only the notion of fractional jet ownership but also proved it could be successful - even when everyone else said it couldn't be done... (adsbygoogle = window.adsbygoogle || []).push({}); Early Life Richard T. Santulli was born on August 14 1944 in Bensonhurst, Brooklyn, New York. The son of a civil servant, Richard developed a passion for horses at an early age, eventually learning to ride and spent his teenage years riding i...
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5Jan By Christopher HarrowNo Comments
Opinion

Is Fractional Private Jet Ownership Worth it?

Over the last few years, fractional private jet ownership companies like Warren Buffett's NetJets and Kenn Ricci's Flexjet have seen a boom in demand. More people than ever before want to own their own slice of a private jet, and are willing to through the nose for it. Indeed, the average fractional private jet owner has a net worth of at least $250 million and spends an average $7.5 million acquiring their jet! So at that price, is it truly worth the cost? (adsbygoogle = window.adsbygoogle || []).push({}); What is Fractional Private Jet Ownership? The idea of fractional aircraft ownership goes back to the beginning of aviation. When aircraft became available for people to purchase and fly recreationally, flying clubs began to form and brought pilots from all back...
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1Jan By Salomón MarcoNo Comments
Analysis

Inside Kenn Ricci’s Private Aviation Empire

Though few know his name, Kenn Ricci sits at the helm of arguably the largest private aviation empire ever built, one who operates 150 aircraft, employs more than 2,200 people worldwide and has more than $2.5 billion in revenue! Who is Kenn Ricci? Kenneth C. Ricci, known as "Kenn" to his friends, was born on September 3 1956 and grew up in a suburb of Cleveland, Ohio. A mathematically gifted student, Kenn decided he wanted to become an accountant and enrolled at the University of Notre Dame to help make this happen. Following the advice of "Use your time in college to find your passion" given to him by his father, as well as help him pay his tuition, Kenn got involved with the US Air Force's Reserve Officer Training Corps (ROTC) and learned to fly. Later, he grad...
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22Dec By Alya KulikovaNo Comments
Executive

How to Charter a Private Jet: The Complete Step-by-Step Guide

As airlines continue to cut costs by cutting amenities, more and more people are turning to private jets. 1. Understand Your Needs 2. Contact a Jet Broker Once you understand your needs, your best bet would be to contact a professional jet broker. Yes, you will end up paying their fees, but in most cases it's cheaper and far easier than doing it yourself. Though you could easily contact an operator for a quote, you'll end up with a much more expensive quote simply because they don't know who you are. Brokers, on the other hand, have longstanding relationships with most operators and represent both past and future business. Due to this, they not only get a cheaper quote, they can often negotiate it down even further as they can place bulk orders. Another...
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3Nov By Christopher HarrowNo Comments
Executive

How to Buy a Private Jet 9 Simple Steps!

At one point or another, we've all daydreamed about owning our own private jet. Yet for most people, it is just that: a dream. For a few wealthy people or corporations, however, the notion of being able to buy a private jet is very real. In many cases, a private jet is an essential tool for business executives or world leaders, (adsbygoogle = window.adsbygoogle || []).push({}); 1. Fit The "Requirements" Though there isn't any criteria you have to meet to be able to buy a private jet, a private jet is a tool at the end of the day - and you don't want that very expensive tool to just sit around and do nothing for most of the year or just be a vanity project. As such, whilst recommendations do vary from jet brokerage to jet brokerage and executive charter com...
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Private Jet vs First Class: Which is More Luxurious?
6Jun By Christopher HarrowNo Comments
Executive

Private Jet vs First Class: Which is More Luxurious?

When it comes to luxury aviation, private jets and first class tend to come to mind. However, there comes a time when celebrities, multibillion dollar corporations and billionaires ask themselves which is better- Private jet or first class? All three types of people use both types of luxury aviation, however, there is rarely a general consensus. Today, we will find out! (adsbygoogle = window.adsbygoogle || []).push({}); Private Jet vs First Class: Price Both private jets and first class seem unobtainable to most people. However, price is always a factor when discussing which is better between private jets and first class. Private Jet The cost of a private jet is very dependent on a multitude of factors. Obviously, there is always the opportunity for cel...
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