Suze Orman HATES Fractionals

[johnsonrod]

Love her or hate her, she is reasonably well respected. I personally find her very annoying on TV. I was flipping through a friend's "Business Jet Traveler" magazine and read an interview of Suze Orman and her take on fractionals:

"I think they're rip-offs. First of all, you tie up a quarter million dollars or whatever for the luxury of having the plane whenever you need it, at supposedly a reduced per-hour cost. Oh, give me a break: They charge you round trips even if you're going one way. I would not own a fractional share if my life depended on it."

Instead, she charters a Beechjet when she needs it for business. I thought her comment was interesting and inflammatory - but that is who she is... She's pretty annoying.

 

[CA1900]

Ironic, since the charter is the one that'll bill you for the round-trip, and the fractional won't.

Watching Suze Orman for advice on high finance is like asking a McDonald's cook for culinary advice.


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[brokeflyer]

so she is directly challenging the welfare of my family....

well she just made the list.

 

[Flex-ible]

Well, when the market recovers and she wants to buy a share, maybe we should all just say, "DENIED"!!!!

 

[imacdog]

Love her or hate her, she is reasonably well respected.

Apparently not by those who use our service.

 

[captain dad]

Love her or hate her, she is reasonably well respected. I personally find her very annoying on TV. I was flipping through a friend's "Business Jet Traveler" magazine and read an interview of Suze Orman...

Each their own, but I find it funny that she makes her living telling other people what to do, yet she doesn't have the grasp of the fractional concept. Perhaps we should all send her an email explaining it to her.

 

[gutshotdraw]

Each their own, but I find it funny that she makes her living telling other people what to do, yet she doesn't have the grasp of the fractional concept. Perhaps we should all send her an email explaining it to her.

Hmmmmmm. A television pontificator that knows absolutely nothing about the subject on which they speak. How unique. :smash:

 

[CelticCitation]

Ironic, since the charter is the one that'll bill you for the round-trip, and the fractional won't.

Watching Suze Orman for advice on high finance is like asking a McDonald's cook for culinary advice.


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Actually, since charter is a commodity, we charge whatever we can. Ideally, it would be a full round trip for every leg, and then sell the empty for full boat as well. The reality in the current market is that you probably can't even sell the one way at a full one way rate. It is pretty dog-eat-dog in the charter world.

A number of flight departments have come up with break even numbers for how many hours per year must be flown when choosing between charter, fractional, and whole ownership of corporate aircraft. Then there are a number of other considerations as well, such as quality and availability of charter operators in your area, security issues, tax issues, etc.

I don't agree with Suze's viewpoint that Frax are in any way a bad way to go, but they are definitely not right in every situation. Sometimes even the airlines make sence.

 

[Amish RakeFight]

Carpet muncher.

 

[Sparse]

Love her or hate her, she is reasonably well respected. I personally find her very annoying on TV. I was flipping through a friend's "Business Jet Traveler" magazine and read an interview of Suze Orman and her take on fractionals:

"I think they're rip-offs. First of all, you tie up a quarter million dollars or whatever for the luxury of having the plane whenever you need it, at supposedly a reduced per-hour cost. Oh, give me a break: They charge you round trips even if you're going one way. I would not own a fractional share if my life depended on it."

Instead, she charters a Beechjet when she needs it for business. I thought her comment was interesting and inflammatory - but that is who she is... She's pretty annoying.

The only thing I have in common with this woman is we both like girls.

 

[F/O]

Of course she said this. She makes a living telling people not to spend money.

 

[Hawker dude]

she is an owner on the P180 that Avantair flies.

 

[johnsonrod]

she is an owner on the P180 that Avantair flies.

The article shows her flying in a chartered Beechjet and it lists a charter operator. There is a P180 among other aircraft in a picture in the article - sitting off to the side at PWK or MDW. Unless you have proof, I doubt it because she is so one-sided about her fractional views... She indicated that she flies roughly 100 hours per year for business and she flies Jet Blue and Virgin America for leisure.

I am just reporting what the article says...

 

[FalconPilot69]

"Everyone lies." Dr. House

 

[pilotyip]

I did not know she was giving advice to people who even think about chartering or fractional ownership. I have seen her show a couple times, not a fan, but her advice is basic pilot survival skills. Don't spend more than you make, invest part of your income for retirement, have a cash set aside for 6 months living and plan to be unemployed sometime in your life.