Cause its a HELLUVA lot more expensive than owning and operating your own airplane.Still, some firms have avoided corporate jet ownership. Goldman Sachs Group, whose executives in past years have been among the highest-paid in the industry, has never owned its own aircraft since going public in 1999, spokesman Michael DuVally said.
The company does make private planes available to some executives through a fractional jet agreement, a timeshare-style arrangement, according to filings. Duvally refused to say how much the company spends on its fractional agreement.
Not necessarily. It just depends on how much you use it. I think (but could be waaaaay off) the general "magic number" is somewhere around 400 hours a year at which owning becomes more cost effective.Cause its a HELLUVA lot more expensive than owning and operating your own airplane.
I like how they forget to mention his relationship to NetJetsAfter years of railing against such costs, billionaire investor and Berkshire Hathaway Inc. CEO Warren Buffet broke down in 1989 and bought a Gulfstream IV-SP using $9.7 million in company funds. He named the aircraft "The Indefensible."