Keep pulling the thread on Israel Slotowitz.
A significant wealth creation event is expected from the upcoming IPOs of OpenAI, SpaceX, and Anthropic, following the recent IPO of Cerebras.
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.
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.
United Airlines and American Airlines have signed agreements to install Starlink across their entire fleets.
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.
Israel Slotowitz's Part 135 charter company, Kraft, performs supplemental flights for major private aviation providers including NetJets, FlexJet, and Wheels Up.
For the first time, high-end private jets are appreciating in value due to supply and demand imbalances.
The traditional guideline for considering private jet ownership is when an individual or company flies between 150 to 250 hours per year.
A new Bombardier Global 8000 private jet costs approximately $75 million.
The annual operating cost for a private jet, including pilots, maintenance, and fuel, is estimated to be between $2 million and $4 million.
NetJets and Flexjet are the two largest providers of fractional private jet ownership.
Palantir CEO Alex Karp reportedly spent approximately $17 million on private aviation in a recent year.