The Economics of Private Jets

  • Am Vor Monat

    Wendover ProductionsWendover Productions

    Dauer: 9:49

    Watch over 2,400 documentaries for free for 31-days by signing up at CuriosityStream.com/Wendover and using the code, “Wendover”
    Listen to Extremities at ExtremitiesPodcast.com
    Subscribe to Half as Interesting (The other channel from Wendover Productions): de-film.com/us/halfasinteresting
    Get the Wendover Productions t-shirt: standard.tv/collections/wendover-productions/products/wendover-productions-shirt
    Support Wendover Productions on Patreon: www.patreon.com/wendoverproductions
    DE-film: www.DE-film.com/WendoverProductions
    Instagram: Instagram.com/sam.from.wendover
    Twitter: www.Twitter.com/WendoverPro
    Sponsorship Enquiries: wendover@standard.tv
    Other emails: sam@wendover.productions
    Reddit: Reddit.com/r/WendoverProductions
    Animation by Josh Sherrington
    Sound by Graham Haerther (www.Haerther.net)
    Thumbnail by Simon Buckmaster
    Special thanks to Patreon supporters Adam Chelminski, Arkadiy Kulev, Charles Zilinski, Chris Allen, Connor J Smith, Daddy Donald, Etienne Dechamps, Eyal Matsliah, Hank Green, John & Becki Johnston, Kyle, MyNameIsKir, Plinio Correa, Qui Le, Remi_Scarlet, Tom Dooner, Tyler Hamm, and Vaughn Mudrick
    Music by epidemicsound.com
    Select footage courtesy the AP Archive
    References:
    [1] www.census.gov/quickfacts/fact/table/US/SEX255218; newflightcharters.com/private_jet_charter_flight_pricing.htm; www.charterhub.com/listings/aircraft/for-charter/list/?Mdltxt=G550&Manu=GULFSTREAM&mdlx=exact; www.privatefly.com/us/private-jets/longrange-jet-hire/Gulfstream-G550
    [2] hbr.org/2018/07/the-leaders-calendar#what-do-ceos-actually-do
    [3] www.epi.org/files/pdf/130354.pdf
    [4] www.bloomberg.com/opinion/articles/2017-10-31/in-defense-of-corporate-aircraft-no-really
    [5] www.linkedin.com/pulse/tesco-wal-mart-private-jets-fabrizio-poli/
    [6] uk.flightaware.com/resources/registration/N455DG
    [7] www.corporatejetsolutions.com/PDF/Aircraft%20Comparisons/Citation%20VII%20vs.%20Hawker%20700%20vs.%20Lear%2045.pdf; awin.aviationweek.com/portals/awin/pdfs/BCAOpPlanningGuide/2012_Production.pdf; www.aopa.org/news-and-media/all-news/2015/november/16/hourly-operating-costs-of-45-jets-compared
    [8] www.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] www.stratosjets.com/private-jets/bombardier-7500/; www.trilogyaviationgroup.com/jet/Global-7500; www.privatefly.com/us/private-jets/longrange-jet-hire/bombardier-global-7500
    [11] www.economist.com/business/2012/04/14/winging-it
    [12] www.eia.gov/environment/emissions/co2_vol_mass.php; data.worldbank.org/indicator/en.atm.co2e.pc
    [13] www.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

Wendover Productions
Wendover Productions

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

Vor Monat
Ferdinand
Ferdinand

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

Vor 22 Tage
Kristian Canoy
Kristian Canoy

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

Vor 27 Tage
Wubbalubba dubdub
Wubbalubba dubdub

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.

Vor Monat
Scooters Videos
Scooters Videos

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.

Vor Monat
Everything about Romania
Everything about Romania

When will we be getting the next episode?

Vor Monat
Joe Campbell
Joe Campbell

Right up there with Al Gore's $30,000 utilitiy bills. YOU all need to make sacrifices and change, not us.

Vor Tag
Luke Thighwalker
Luke Thighwalker

8:32 which firms?

Vor 2 Tage
Luke Thighwalker
Luke Thighwalker

No CEO is worth $24M per year.

Vor 2 Tage
Phil Pan
Phil Pan

That's the problem with our world; we measure the value of things by using a fictitious metric; the "hourly wage" of a CEO.

Vor 2 Tage
Yonatan Kanosh
Yonatan Kanosh

Elon Musk, you own a jet. How can someone like you put up with this carbon footprint? ELECTRIFY!!!! Also hydrogen fuel is nice

Vor 3 Tage
Zero Dawn
Zero Dawn

Carboon footprint = Marketing Scam.

Vor 3 Tage
Kyle Fitzpatrick
Kyle Fitzpatrick

Amazing that the CEO makes 24 M a year when Walmarts employees are so poorly paid that the American tax payers spend over a billion on subsidies to support their employees

Vor 4 Tage
John Holton
John Holton

I don't think huge corporations do the cost analysis of every hour of their CEO's day. It's kind of a results thing, would you want to live in a world where a CEO get micromanaged? No escape.

Vor 4 Tage
Sauga Verse
Sauga Verse

I used to fly to work on a private jet every week. Leave on Monday morning, return home on Friday afternoon. However, our particular jet had 7 seats, and they were always full. Very rarely were there any executives on the flights, it was mostly for us average workers. The perks were great, you only had to arrive at the airport 5 minutes before the flight took off. No waiting, no security, no customs, free booze, this is how all flying should be. I'm sure it was expensive, but a private jet is a great way to travel.

Vor 5 Tage
esuus
esuus

THANK YOU for pointing out the carbon footprint. Please keep it up!

Vor 5 Tage
lisa dodd
lisa dodd

HE SAID SPOKANE RIGHT YOU GET A LIKE SIR

Vor 5 Tage
NKT authentic
NKT authentic

Please also make.. The Economics of... 1. Star hotels 2. Cruise liners and 3. Oil refinary companies

Vor 5 Tage
Divide By Zero
Divide By Zero

I don't think the Regional Vice President has visited my local Walmart recently...

Vor 6 Tage
Florin Pappa
Florin Pappa

MiMiMi you can always make sense of flying private and you'd fly private too if you could 100%, anyways still a great video with great efforts and the 1.7mio views would have definitely paid for the next charter.

Vor 6 Tage
Edmond Dantes
Edmond Dantes

Carbon Footprint...................Right.

Vor 6 Tage
GoneBamboo
GoneBamboo

Great for flying young'ns to your private island

Vor 6 Tage
GoneBamboo
GoneBamboo

Makes sense if your flying underage girls with heads of state

Vor 6 Tage
Moe Saad
Moe Saad

Man I love all your airplane videos. Keep em coming and thank you!

Vor 7 Tage
Ocotillodavid
Ocotillodavid

I worked for a company that sold private/corporate jets, and the fat cat bastards who ride in them have egos bigger than the price of their jets. They all need to humble up.

Vor 7 Tage
Zion Zawko
Zion Zawko

Walmart doesn’t fly out of Bentonville (XNA) they fly out of Rogers at Walmart Aviation center and they only fly in to private airports near Walmart are not near big airport! If they are there is very few

Vor 7 Tage
benlovestorock
benlovestorock

And the minimum wage in USA is ?

Vor 7 Tage
Klobi for President
Klobi for President

$7.25 an hour.

Vor 4 Tage
Pat W
Pat W

Got to know for a good future

Vor 7 Tage
ali rk 12345
ali rk 12345

It's not all about money it's about time in private jet tou can fly anytime you want

Vor 7 Tage
Kevin McGushion
Kevin McGushion

Something you completely overlook is the value someones time is to the company. Let's say I have a VP making $500K per year who closes my deals and I have a factory that needs $100 million a year to stay operational. Anything after $100 million is profit so I want those deals closed as fast as possible and before anyone can compete with me. It is well worth the money to have the VP take a jet and close as many $2 to $5 million dollar deals as possible as quickly as possible, before the competition. the cost of a private jet is inconsequential. The bigger the company and the bigger the deal the more this makes sense. Jeff Bezos' time on a jet isn't equal to his hourly wage multiplied by air time. Jeff's time is worth the $2 billion deal he will close in that trip.

Vor 8 Tage
Joe Om
Joe Om

One of the biggest clues here is that the rich do is the budgeting is down to the “t”. Avg people do not ever plan their lives in that way so its always chaotic shooting from the hip every time they make a decision and sometimes even taking days to make one.

Vor 8 Tage
Thomas Walton
Thomas Walton

Ever heard of a Skype call? It's a great way to reduce having to travel....at all... you would only have to travel occasionally

Vor 8 Tage
ADITYA SANTHOSH
ADITYA SANTHOSH

Y ur voice deep??

Vor 8 Tage
Felix Murithi
Felix Murithi

The calculations on value for money are bullshit

Vor 8 Tage
Hoyt Benson
Hoyt Benson

Hey Sam! I’ve got a vid request! Could you potentially do a video on airport emergency services? Great video, by the way!

Vor 8 Tage
yaimavol
yaimavol

Show me a climate change conference where anybody flew commercial. When your last name is Clinton or Obama, you are beyond flying commercial, even if it's first class. Then again, both of them command their own "charitable foundations" that pay for it all.

Vor 8 Tage
seeyouspacecowboy14
seeyouspacecowboy14

Maybe .... Just maybe you hire people and live in the city or near the city in which your company is located in I mean I understand working in nyc and take a train out to long island, but do you really need to fly hours to work daily .... just move to the state

Vor 9 Tage
Owen Bondar
Owen Bondar

time is money

Vor 9 Tage
marymarluis
marymarluis

Can you talk about economic disaster of AIRBUS A-380????

Vor 9 Tage
ZK-APA
ZK-APA

marymarluis he’s made a similar video. Economies of big planes vs small planes

Vor 8 Tage
Inyalabudbud Punjabbidaliwad
Inyalabudbud Punjabbidaliwad

Nothing the rich people do can be justified. Why fly First Class when the Economy folks get there at the exact same time? Why buy a Mercedes, when a Hyundai is acceptable? Why eat at the Four Seasons instead of Burger King? OWhen you are rich you become a superior creature who believes in his own hubris.

Vor 9 Tage
ZK-APA
ZK-APA

Inyalabudbud Punjabbidaliwad I know it sounds dodgy, but simple answer is that the more you have, the more you’ll spend. And money is made for spending. Yes, investing and all is a better proposition, but if you are struggling in living your life, just so that you have more money, you are doing it wrong. People fly first class because they want to fly it and they can fly it. People buy Mercs because they want a merc and they can afford to buy it.

Vor 8 Tage
Mayank Bansal
Mayank Bansal

Hey!! It's great to see your video is working well. Get it better by adding closed captions in English. Contact me for the service via email on themayankbansal@gmail.com. Thanks. ALL THE BEST. Keep Growing.

Vor 9 Tage
A-Bloke-Named-Chris
A-Bloke-Named-Chris

8:39 wonder what those two are talking about

Vor 11 Tage
Joshua C.
Joshua C.

I'm confused by the opening. I thought that the jet wouldn't leave NY state at the year's income of an average American.

Vor 11 Tage
chepe263
chepe263

are you the same guy from "Half as Interesting"?

Vor 12 Tage
MrSensitiveNipples
MrSensitiveNipples

In as simple terms as possible: time is money.

Vor 13 Tage
Are you Serious
Are you Serious

Wouldn’t it be cheaper to just drive from New York to Beijing? Psh stupid asses

Vor 13 Tage
Waseem Yusuf
Waseem Yusuf

HOW DOES HE KNOW SO MUCH? Edit: nvm, just realized that the tiny number on the bottom left points to the source of the information in the links in the description.

Vor 13 Tage
Dnl k
Dnl k

If I had all the money... I have one please. I can't stand being scanned by immigration all the time and queuing forever and delays.

Vor 13 Tage
Robin Eldred
Robin Eldred

Your math is waaay off, dude.

Vor 14 Tage
Haroon khurram
Haroon khurram

celebrities use them the most

Vor 15 Tage
Notmiuser
Notmiuser

I'm too poor to watch this video.

Vor 15 Tage
Blame USA
Blame USA

Private jet is best because they steal all our money and change our countries!

Vor 15 Tage
BASE Kyle
BASE Kyle

OPPALENCE. YOU. OWN. EVERYTHAANG

Vor 16 Tage
Justin Jones
Justin Jones

I live in Bentonville, GO WALMART!

Vor 16 Tage
Les Gasl
Les Gasl

I’ve been waiting on this

Vor 17 Tage
William Lau
William Lau

I have news for Walmart, it's not worth flying their VPs to the stories like this. Of the dozens of Walmarts I have been to, none of them is that well ran... Maybe their should have their VPs spend more times at the store instead of an 1-2hr flyby.

Vor 17 Tage
LucasBrien
LucasBrien

I’m 16 and I wash a private jet every once and a while (private jet owners pay very well). The company that owns it has one jet that seats 7, they have 5 pilots with 3 on call at all times, and they fly about twice per day. I don’t think costs are in mind, I think they use the private jets as a sort of benefit.

Vor 17 Tage
ExpatMoe
ExpatMoe

The salary of a CEO may be a big factor but more important must be the expected value that the CEO generates. With a 15 million salary, should probably be 100+ million in cost savings / new business/ acquisitions etc. I worked for a company once where the CEO hardly dropped in with the corporate jet unless a 10+ million deal was on the table. Then those saved hours makes sense. If a CEO flies around just to shake some hands in stores then obviously a waste. But hopefully/more likely it’s part of a continuous review on how to make a very large business grow and become more profitable

Vor 17 Tage
SolamenteVees
SolamenteVees

"I keeps a private Jet!"

Vor 17 Tage
Rosa I Guess
Rosa I Guess

Private jets are also good for going to international waters and private islands with guests of all ages

Vor 18 Tage
Anders Blomquist
Anders Blomquist

By using Skype the travelling time would be 0.

Vor 18 Tage
kamikaze GOD on fire
kamikaze GOD on fire

Aahaaa

Vor 18 Tage
fladave99 Mills
fladave99 Mills

Private jets keep people away from the MUSLIM JIHAAD!!!

Vor 19 Tage
Groovy Games
Groovy Games

Why do you sound different?

Vor 19 Tage
christian legaspi
christian legaspi

Make a video about what happens if a baby is born on an airplane

Vor 19 Tage
Rubik
Rubik

nowadays there is no need for flights - business can be done online remotely easily!

Vor 19 Tage
Jake
Jake

PEASANTS.

Vor 19 Tage
Carl Senden
Carl Senden

Most people could do their business via email and Skype. No need to be there in person.

Vor 19 Tage
Vadim Propeleyentev
Vadim Propeleyentev

I love the way they look personally

Vor 19 Tage
Stuart Conner
Stuart Conner

The execs don't care about how un-economic it is, they demand the opulence and status it signals. screw the shareholder.

Vor 20 Tage
SyncroScales
SyncroScales

The taxpayer pays for those subsidies and tax write-offs or tax-dodging. All income is taxable do not listen to the narrative. Private jets are also rented out. Sometimes more than one person or group uses private jets together.

Vor 20 Tage
Steve Schutte
Steve Schutte

You didn't add in the value of an executive being in the office and available instead traveling. At the company I worked at with private jets, that value was more than the salary value of time saved.

Vor 20 Tage
anti stuff
anti stuff

The wealthy minority and military are the biggest polluters and wasters of resources. Time to end them

Vor 20 Tage
Dugie Joness
Dugie Joness

Even if these jets were powered with free energy from the subspace and filtered air during the flights, these these eco-commies would also hurt their ass because it hates industrious and entrepreneurial people. they have complexes that they did not learn and all want to get to their shit level. CO2 is a life-giving gas and not a poison you morons. Stop cutting forests and building your ecological wood huts and start thinking and supporting technical progress. You can live at a higher level and not destroy the environment, you only have to stop fighting science and technology.

Vor 20 Tage
Pegasaus
Pegasaus

All of this while millions of Walmart employees are barely above poverty line even after working 50+ hours per week. Bloody scumbags

Vor 20 Tage
Wo Land
Wo Land

Ceo's are not in business of making sense. Financial or otherwise. They spend shareholders' money with open heart.

Vor 21 Tag
BLacKNesMonsTaz
BLacKNesMonsTaz

Also buying a plane and renting it out and or buying in shares of a plane a sharing cost. Or get a membership in private jet.

Vor 21 Tag
matt bardot
matt bardot

6:10 *WALMART MANAGERS MAKE +$110K ???*

Vor 21 Tag
jcardboard
jcardboard

A guy I went to school with flies these things every day. Seems like a pretty spectacular job especially if you get a lot of hires to the Caribbean etc. His Instagram is pretty good as a result.

Vor 21 Tag
Bobby Fisher
Bobby Fisher

If they stopped the Private Jets, CEO’s wouldn’t work as hard. Therefore, that company’s gross revenue would likely decrease MORE than the money saved. Stop PJ’s = Less profits (mic drop)

Vor 21 Tag
Connor Wickham
Connor Wickham

Ahh nooo! It was so good until you started talking about “carbon footprint”

Vor 22 Tage
annie00724
annie00724

For large companies, they may consider the value of others’ time, not only the person flying. Commercial flights are unreliable. A delayed or cancelled flight can ruin an expensive corporate event, waste the time of hundreds of people waiting for the speaker to arrive at a convention, delay scheduled training, or damage professional relationships with valuable clients.

Vor 22 Tage
Alex Landherr
Alex Landherr

Short answer: "We just want it" [Read in a baby voice of a CEO].

Vor 22 Tage
Cimajé Horace
Cimajé Horace

It's a little odd hearing you enunciate your T's so hard

Vor 22 Tage
Amazing Sheppie
Amazing Sheppie

Can you make a video about the economics of a hotel/hotel chain?

Vor 22 Tage
Vadim Propeleyentev
Vadim Propeleyentev

no, because it isnt planes.

Vor 19 Tage

Nächstes Video

Top 5 Luxury Private Jets 2019 - 2020 ✪ Price & Specs 1

5:11

Top 5 Luxury Private Jets 2019 - 2020 ✪ Price & Specs 1

design • technology • luxury

Aufrufe 362 616

RuPaul’s Drag Race UK: Meet The Queens

17:16

Top 5 Luxury Private Jets 2019 - 2020 ✪ Price & Specs 2

6:10

Top 5 Luxury Private Jets 2019 - 2020 ✪ Price & Specs 2

design • technology • luxury

Aufrufe 39 294

$100 Million Boeing Business Jet - Royal Jet

10:03

Flying Dassault Falcon 8X Private Jet to Paris

13:33

The $20,000 Residence on Etihad A380

22:01

The $20,000 Residence on Etihad A380

Sam Chui

Aufrufe 2 961 368

PRIVATE JET TOUR !

6:32

PRIVATE JET TOUR !

AzzyLand

Aufrufe 1 364 437

Most EXPENSIVE Private Jets Owned By BILLIONAIRES!

14:05

Most EXPENSIVE Private Jets Owned By BILLIONAIRES!

Origins Explained

Aufrufe 3 714 965

HondaJet private jet review | British GQ

5:33

HOW FETTY BROKE HIS JAW

12:53

HOW FETTY BROKE HIS JAW

Braille Skateboarding

Aufrufe 794 047

Logic - No Pressure Freestyle

3:22

Logic - No Pressure Freestyle

BobbysWorld

Aufrufe 911 916

SURPRISE GENDER REVEAL...IS IT A BOY OR GIRL!?!?

11:29

Chris Broussard reacts to reports Lakers have interest in Dwight Howard | NBA | FIRST THINGS FIRST

6:36