At The Money: What Does it Take to Buy Your Own Jet?

This podcast features an interview with Preston Holland, founder of Prestige Aircraft Finance, who discusses the costs and considerations of owning a private plane. He clarifies that owning a private plane is not exclusive to billionaires, suggesting a net worth between $100 to $200 million as a starting point for owning a light or mid-sized jet. The conversation covers various aspects such as depreciation, market trends, fixed and variable costs like fuel, maintenance, pilot expenses, and hangar costs. Holland also touches on the pilot shortage, fractional ownership as an alternative, and advises potential buyers to assemble a transaction team consisting of a broker, aviation-specific attorney, tax consultant, and financier.