Buying jets with data > buying jets with intuition
Part 1 in the series: Why you shouldn’t buy a $10M G550 and start a shuttle from NYC-London: Acquisition
- No $10M G550s exist
- If one did it would be off engine programs, high time, or both. If you don’t know what this means think cost of overhaul > value of airplane
- Based on the current market, every sub $15M G550 would need between $1.5-$2.5M in upgrades to meet the standards of current consumers
- Major lenders will not offer on this, you’d be in the secondary market with an 80% LTV at best and a mark to market adjustment annually. See future post on residual value math on why this would be very bad for you