Goldman’s Earnings Slump, an ETF for Options Trading, and Fractional Jet Ownership | Prof G Markets

Market Growth

Fractional jet ownership has seen significant growth, especially during and after the COVID pandemic. Ed Elson explains that wealthy individuals can buy a share of a plane, granting them a certain number of flight hours per year while the operator manages all logistics. This model has led to a 5.2% increase in flights for fractional operators like Netjet and Flexjet in the first three quarters of this year, with a 43% rise over the past four years 1.

Fractional programs allow wealthy individuals to buy a share of a plane, affording them a certain number of flight hours per year and the freedom of taking a trip at little notice.

--- Ed Elson

Scott Galloway discusses the appeal of fractional PJ ownership, noting its convenience and cost-effectiveness compared to full ownership 2.

   

Personal Experiences

Scott shares his personal experiences with different private aviation models, emphasizing the benefits and drawbacks of each. He highlights charter flights as the most economically advantageous way to fly private, while full ownership offers unmatched convenience but comes with high costs and environmental concerns.

A private plane really is a game changer in terms of time and access to fun that otherwise you wouldn't have access to.

--- Scott Galloway

Scott ultimately finds fractional ownership to be the best balance for those who want a high level of service without the hassle and expense of full ownership 3 2.