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Israel Slotowitz, Sonic AI
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Israel Slotowitz
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Israel Slotowitz
Founder and CEO, Kraft · Person
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Israel Slotowitz is launching a new company called Radar to provide non-recourse, asset-backed loans for aircraft purchases.
Expert perspective
Israel Slotowitz
Jun 20
Under current U.S. tax law, if a business buys a $10 million airplane, it can take a $10 million business deduction in the same year the plane was purchased.
Expert perspective
Israel Slotowitz
Jun 20
Israel Slotowitz predicts a massive shortage of private jets due to a doubling of the user base, which the industry's supply chain, manufacturing, and pilot training infrastructure is not prepared for...
Expert perspective
Israel Slotowitz
Jun 20
The annual operating cost for a private jet, including pilots, maintenance, and fuel, is estimated to be between $2 million and $4 million.
Expert perspective
Israel Slotowitz
Jun 20
Only 30% of private aircraft have loans against them, with the remaining 70% being purchased with cash.
Expert perspective
Israel Slotowitz
Jun 20
The Tax Cuts and Jobs Act of 2017 introduced a bonus depreciation rule allowing businesses to expense the entire value of a newly purchased aircraft in the year of acquisition.
Expert perspective
Israel Slotowitz
Jun 20
Private equity firms are acquiring Fixed-Base Operators (FBOs) and increasing profitability by adding 'event fees' for services during high-demand periods like the Super Bowl or Harvard's graduation.
Expert perspective
Israel Slotowitz
Jun 20
In a recent year, 35% of all private aviation flight hours were conducted by the top five providers, with the remaining 65% flown by a long tail of small charter operators.
Expert perspective
Israel Slotowitz
Jun 20
High-net-worth individuals such as Jeff Bezos, Larry Page, and Sergey Brin typically own or fly in the G700 or Global 8000 category of private jets.
Expert perspective
Israel Slotowitz
Jun 20
Kraft operates an exchange fund, a financial product that allows individuals with low-basis stock to contribute their shares for diversification and gain access to private aviation.
Expert perspective
Israel Slotowitz
Jun 20
United Airlines and American Airlines have signed agreements to install Starlink across their entire fleets.
Expert perspective
Israel Slotowitz
Jun 20
NetJets and Flexjet are the two largest providers of fractional private jet ownership.
Expert perspective
Israel Slotowitz
Jun 20
The cost to install a Starlink system on a super-midsize jet like a Challenger 350 is approximately $300,000.
Expert perspective
Israel Slotowitz
Jun 20
The traditional guideline for considering private jet ownership is when an individual or company flies between 150 to 250 hours per year.
Expert perspective
Israel Slotowitz
Jun 20
Customers who do not have Starlink installed on their private jets will refuse to fly.
Expert perspective
Israel Slotowitz
Jun 20
A new Bombardier Global 8000 private jet costs approximately $75 million.
Expert perspective
Israel Slotowitz
Jun 20
New aircraft orders from Bombardier are currently being scheduled for delivery in 2030, reflecting a 3-4 year wait time.
Expert perspective
Israel Slotowitz
Jun 20
The ARGUS third-party safety rating for private aviation is described as a 'pay-for-play' model, particularly at the Gold rating level.
Expert perspective
Israel Slotowitz
Jun 20
For the first time, high-end private jets are appreciating in value due to supply and demand imbalances.
Expert perspective
Israel Slotowitz
Jun 20
Waitlists for fractional private jet programs are currently two to three years long.
Expert perspective
Israel Slotowitz
Jun 20
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