Some Owners Have Gripes too (And Sympathy for Crews)

[old*art]

3. How did you get so rich?
If he is like the wealthy people I know, he only worked half a day - but he picked his hours, 7 to 7, 8 to 8, etc. - and I bet he worked smart !

 

[netjetwife]

Most likely so. In life we have to play the cards we're dealt and we don't all get the same hand. Circumstances and timing can matter greatly and the best advice can't provide those. Making the most of what you have seems to be a common theme of success.

 

[Publishers]

Success is difficult to define because the definition is usually based on someone elses values. To me, success means achieving what you personally wanted to accomplish. I have seen entirely too many who appear successful to the outside for whom their is no inner satisfaction. It has little to do with making the most of anything.

 

[pascualito]

Current customers are lame-ducks as far as profit. The money has been made, and the contract signed. Next please

Hi,

That's not entirely true.

Remember that the owner who wants out will have to pay the remarketing fee (7% up to Falcon 2000 and 4% from Falcon 2000 and larger) and will be offered the so called "fair market value" for his "used" share.

This share will then be sold again, and you can bet that the "fair market value" of the same share will be quite different when the fractional company is selling it than when its buying it.

Also, if the owner is so angry that he wants to leave before the minimum time set in the contract is reached (24 to 36 months depending on aircraft type): there is no out, he is obligated to pay the contractual management fees up to the time the contract will allow him to ask for his guaranteed buy back. Then, see above...

Have fun!!!

 

[pascualito]

Don’t lie (which is what they are doing), don’t tell an owner that their plane will have range to go from TEB-EGE if you are assuming there is light baggage, two pax, and there are perfect conditions for flight, don’t make the customer mad. The more spent on these deals, the more angry an owner will be when he or she doesn’t get what is promised

Hi,

Believe it or not, the majority of people working in sales for the factionals actually have no or very limited previous experience with aircraft. They simply don't know what they are talking about and have to rely on what they are told.

As pointed out in one of the previous posts, the companies make the profit on sales, sales and more sales, so the sales person gets the answer that will suit the prospect and eventually convert him to an owner.

Never mind that the owner will not be happy, the money is made, and if he gets out before the end of the contract, they will make more on the remarketing fee (up to 7%) and on reselling the used share.

That's life in the frax.

Have fun!!!

 

[learflyer]

You guys are lying if you've never thought of how some of the folks in the back became rich/wealthy. I know I have on my 7th day and 14th hour and heading away from my domicile. Especially some of the good folks we pick up in "the outskirts", like west virginny, or Americus, GA. That's frustrating! I'M flying YOU around? I'm only talking about a small percentage. Don't get me wrong.

 

[Diesel]

Read the Millionaire next door.

Its a great book.

 

[ozpilot]

Read the Millionaire next door.

Its a great book.

I second that! The best advice from the book is is too many people play offense (working to make money) without regard to defense (managing what you spend). If you can't read, its also available as an audio book.

 

[old*art]

Most likely so. In life we have to play the cards we're dealt and we don't all get the same hand. Circumstances and timing can matter greatly and the best advice can't provide those. Making the most of what you have seems to be a common theme of success.

My grandmother would always ask - "Are you going to succeed in spite of that or fail because of it ? The choice is yours."

 

[skiandsurf]

Kind of rude to even ask, don't you think???

Not at all. This is an anonymus message board. I didnt ask for his name, just how he got rich. I get asked all the time of what kind of work I do, I never get upset. We have a different type of job and some people ask about it. This guy seems to like to talk a lot and "brag" about riding in the back with a drink while we fly. He is very open about flying in all types of planes. I thought if he likes to talk that much, he could tell us that he is an inventor, an athlete, an entertainer a CEO or whatever. The fact that he doesnt want to say makes me think he is either a normal poor guy that dreams big, or he inhereted the money. It doesnt matter, I will never know who he is if he says what he did.

Next time someone asks me what I do, I will tell them to get f*** off.


No, I will be honest and tell the truth, as I have nothing to hide.

 

[DO-82 driver]

Ski.....how much money do you have?

How did you make it....

Type of House?

Car?

Investments?

Never mind....Its none of my damn business!!!!!!

 

[netjetwife]

Ski, I think the regular posters have a sense of community and don't view each other as strangers. We respect that each of us shares as we see fit. If I remember correctly, 'Owner is a businessman. More importantly, to me, he is appreciative and supportive of the pilots. That's worth a lot...

Old, your grandmother sounds like a delightful lady whose words of wisdom still linger... A small tribute to her---

SPOKEN WITH LOVE IN A STRONG VOICE--
HER WORDS OF WISDOM ECHO DOWN THE YEARS.
SHE TAUGHT YOU THAT YOU HAVE A CHOICE--
GIVE IN TO THEM, OR STAND UP TO YOUR FEARS.

Have a good weekend everyone.
NJW

 

[skiandsurf]

Ski.....how much money do you have?

In my pocket right now, I have about $86. In my accounts and investments, over 2.9 million.

How did you make it....

I inhereted $200,000, then thru real estate investments I have built a small egg.

Type of House?

Single Family house in Newport Beach, CA. 2400 sq ft. 4 bedroom. 3 bath. 3 car garage.

Car? airport car is a 1992 toyota Cellica. Wife drives Expedition.

Investments?

Real Estate.

Never mind....Its none of my dang business!!!!!!

There you have it.....nothing to hide......but is it true ????? maybe.....maybe not......this is an anonymus board.....do I even fly for NJs???? or do I fly for JB or SWA????


loooossserrrss.

 

[Diesel]

You just spent time to make up or not a post for this board.

Who's the loser? Really?

 

[RNObased]

Not at all. This is an anonymus message board. Next time someone asks me what I do, I will tell them to get f*** off.


No, I will be honest and tell the truth, as I have nothing to hide.

Ski,
You are right do whatever you want because it is a anonymus board!!! Nice attitude, Genius.