5:30 north east? ... Learn the difference between east and west

Is there an announcement on why your voice dropped half an octave?

I always just thought CEOs flew private because they wanted to

Wendover Productions oh I did not miss the announcement, and I LOVE THE PODCAST! Just one request; can you push out like an episode a day? Can’t get enough ;)

That podcast is really good

Lolz! This^ I love how if IG went away, poof! No more of those models.

@Brutus Tan is that a Russian thing?

@@Habu12 Not really.

Hell, roll up to any commercial FBO, waves some cash around & the mechanic will let u get your IG on.

@@blewyd it happens anywhere people chase an image of opulence. it's like hiring limo

Can't believe how far I had to scroll to see this point. I used to run a data management system for a corporate travel agency, and one of the reports you could do was to see if x number of execs were booked on the same flight. Just like you said, companies generally want to avoid clumping a bunch of execs on the same flight.

Even at the family business I work for they do the same thing, seems fairly common.

That's a pretty morbid reason, but it actually makes sense, though they could always find a replacement quickly on LinkedIn. ;D

There was a real estate firm interested in purchasing a mall near me. On final approach to the airport, the jet went down killing everyone on board. The two owners and five other executives were the passengers on board and made up nearly half the company's staff. Amazingly, the company stayed afloat and has since tripled in size (both number of employees and portfolio size) in just four years.

@Anglus Patria < Well played sir, well played! :D

agree!

Kristian Canoy Amazing Idea

Petition to make this happen

Yes! Codesharing is something I'd like to know about!

AGREE!

I agree with his assertion. However, with WIFI connectivity available everywhere and on planes I wonder about the value proposition of taking a private jet nowadays (I know you weren't taking a private jet). I think a lot of private jet usage is due to vanity and comfort. Nothing wrong with that, of course.

@@davidm8351 the real value of the private jet comes from being able to choose airports that are not available on commercial lines so that you can save time. Example: I once had to visit a potential client HQ that was in the middle of nowhere on the Great Plains. It took me 3 flights the last a prop puddle jumper to get to the small airport close enough to use a taxi. I wasted 8 hours (counting trip in both directions) compared to if I had used a private jet to fly direct.

​@@davidm8351but if something requires prescense, you have to be there early.

What industry do you work in if I may ask

Ok nigga

@@netardedrigger9683 Username checks out 🤔

@@ramanisquare ok

@@netardedrigger9683 you can't use that word. Only they can use that word

One of the many reasons I won't walk into a MallWart.

It's actually a really nice town to visit

I imagine Arkansas has given Walmart generous tax exemptions to stay in Bentonville as well as heritage since Walmart was founded in said city.

How many corporation headquarters need to move to Bentonville for make private jets not cost justified. Move Walmart corporate offices to Chicago like Boeing.

@@BernardS4 Even in Chicago they make sense. If you fly from O'Hare to where you have to go, it can make sense if time is at a premium

Walmart/the walton family have poured tens of billions into the local city and state, they plan on staying there long term and are doing the opposite of tax cuts, and instead investing in their state.

I did exactly this math last year. To flight my entire family (including brother's family and my parents) business class would be way more expensive than charter a private flight to our vacation destination.

Next, Cessna 150 and 172s

and, occasionally, trains.

What happens in a minute: 70K Hours of Netflix watched 3M videos watched on Snapchat 2.4M questions are asked to Google Wendover Productions uploads a plane-related video

@Literally Shaking on my phone so I can't do it but you can zoom in, print screen, take out his pfp with paint and upload it to google image search.

How will he include the planes

@Literally Shaking yea its really cool ! Its called A Squidman of a few words and its by SpineBender i found it on google images but he posted it on what i believe is a site called DeviantArt

@@jeremiahtisdell4823 He always does it. He can definetly do it

@@jeremiahtisdell4823 He's had videos where he went to Rwanda and Belgium, so he'll have to factor in the flight time and cost.

Makes cents to me. These people got more 💰 money than cents to being with anyways 😂

Great comment!

Plus when he visited towns where one of his stores was being built, he'd fly over head to see how construction was going. Then land, and he'd visit said site, and shoot the breeze with us workers.

Nathan Banks too bad none of his children took after his caring personality towards their customers and employees.

@@alilabeebalkoka "more money than cents" What the heck is that supposed to mean? Not only are you mixing an uncountable noun (money) with a countable noun (cents) causing a grammatical inconsistency, but they refer to the same thing, meaning you are saying he has more than he has, a grammatical paradox.

lol. are they even consider all the money they spend? lol

I wonder if US customs looks over those little jets as much as comercial.

dannydaw59 they do, when flying international, you must fly to an airport with a customs office. The custom officers then come on the plane and do a thorough check, they do a good job.

@@NikhilBansal by good job do you mean a good job or 😉 good job old boy good job😉😉

I just spit out my coffee.

American Made...

But does Area 51 exist 🤔

I make similar videos on my channel, I spend a lot of time on my videos but it's hard getting recognized. Could someone check it out and tell me if it's good or not? Thanks

i take your entire stock!

How often do I have to read this damn joke under wendover videos?

Novella it’s wise to also write down the channel name and link (optional).

Avery The Cuban-American almost every day**

Avery The Cuban-American that’s like saying “it’s great when another gaming channel uploads another video...about rainbow six siege”. Besides aviation being an amazing topic, there’s so much economics and logistics that go into it. Thus, Wendover will upload a lot of videos about it. Really his first popular video was about aviation. So it’s nothing new at all.

Thats the focus of the channel....thats like saying why is Real Engineering posting videos about engineering. See how stupid that sounds?

70K Hours of Netflix watched 3M videos watched on Snapchat 2.4M questions are asked to Google Wendover Productions uploads a plane-related video

i like plane videos shush!

Also, in vdo they only talk about time vs salary, which roughly mean how much company lose money per time but in reality. Company will also consider how much those CEO will make money for company per time. Which when consider both, larger company with larger profit will easily justify flying their CEO or upper management a private jet.

time is literally priceless, you can't get it back

I have flown in a private jet many times. I can easily say that I've been in and out of the airport in less that 5 minutes. In fact, there were a few times I walked right off the jet and into a taxi, no time spent in the airport at all.

@@Saugaverse yes, same here. My friend has taken me on a few trips in a jet and it’s crazy. You get to the airport and your on the plane in 10 mins. You get off the plane and hop into the car. It is an insane difference vs commercial

@@ccecchini8355 I totally agree, that was the best part. And let's say that you're 10 minutes late, they will wait for you. There is no point in the plane taking off if all of its passengers aren't on board, cause that is what private flights are catering to.

Nor do you risk leaking corporate secrets or people's identities as much when it's just you in the plane.

Neutered cats are nice because they're fun and keep you company, but you don't have to be worried about it impregnating one of its daughters.

Most logical reply on the internet

Oh hello Don!

Thank you Donald, very cool!

you exposed me:)

And so do you*

@@romain1421 his poem rhymes all right, no need to gatekeep Roses are red poems

@@thelastcube. first of that's definitely not gatekeeping and yes it sounds all right but "so do you" is a more common ending to this sort of poem

Cries in unemployment

Don’t envy these people. They are loaded, but they pledge their souls to a company. I’ve seen senior management at big companies I’ve worked at. They’re rich people, but not happy people. Long hours, the weight of the world constantly on your shoulders. Big money is great if you win or inherit it. Working for big money is seldom worth it.

@@Jimboy1611 "Big money is great if you win or inherit it. Working for big money is seldom worth it. " This more than likely isn't true and is probably a lot more valid for the former than it is the latter.

Money can buy you a jetski. Have you ever seen someone sad on a jetski before? I think not. Money can make you happy if you know how to use it to make you happy.

@@LatifaShaqueefa Tosh?

I think this is the correct answer. It’s not about how much the employee/exec is taking home in pay, it’s about how much their time brings in for the company

Good point, tho i have my own car

Yeah. Same reason why Elon Musk is selling the Hyperloop to cities. Rich people not willing to sit with the plebs

@@SebastianPeitsch That's not so much the problem. It's people don't want to waste their time with public transport. If I hope in my car I can get downtown in 10 minutes. By bus is like 45minutes. I also have to dedicate the time to walk to and wait for the bus.

@@MrJaaaaake Yeah but the thing is once you do it and get to know all the bus routes and when they leave, how long it takes you to walk, and how much time you save during rush hour, you find out that you can get there just as fast and without the hassle. I know it sounds weird but I am so much more relaxed when I get home when I don't have to drive everywhere all day. I did 25000 miles/40000km a year in the past and let me tell you - I don't mind taking twice as long as long as I don't have to deal with people who cut me off and stop-and-go traffic

@@SebastianPeitsch Public transportation takes much longer. There is a bus stop every 2 minutes. You end up at every red light. Old people and disabled people taking 2-5 minutes to get on the bus. You don't save anytime. You lose time. Buses are on a fixed route. I know when certain areas are congested so I can take a faster route. The nearest bus stop is 10 minutes away. It literally takes me 10 minutes to get to most places after going 20 seconds to my parked car.

24 hours everyday depreciating* Do you think just because your drive your car for two hours a day means it isn't depreciating during that time? lol

@@JakeobE No, but during those hours it isn't sitting there, it's being driven, depreciating

Your car technically depreciates more when you drive it..... #wearandtear

Most CEOs can't afford to own a private jet. Their companies provide the corporate jet. $1m-$15m a year salary isn't enough to buy and maintain a private jet.

Yeah, private jets are expensive. $6 million is about the cheapest I've seen in terms of purchase price. (ignoring Cirrus's weird jet here, which is basically in the size and performance range of a mid-size turboprop) And that's only the purchase price. Maintenance and operation of such a jet, considering it requires dedicated flight crew, special maintenance contracts (jets are mostly in a different category legally from private prop aircraft, which forces you to use much more expensive maintenance services) And 6 million is if you're lucky. Realistically the starting price is closer to $12 million, and can be as much as $50 million for the larger private jets. (then again at that price you're talking something like an A318 - the smallest variant of the A320 family) Owning an aircraft generally is expensive though. Let's say you're a pilot with a basic private license like me. You want a plane, obviously, because what's the point in being a pilot if you can never fly anything? You're not too fussed about what you fly... But you'd rather not get second-hand or kit-built. So, let's take a really tiny aircraft that meets the LSA classification - 2 seats, 600 kg or less MTOW. Say, a Tecnam Sierra: en.wikipedia.org/wiki/Tecnam_P2002_Sierra This thing will set you back about $250,000 Australian. (I'm using Australian dollars for familiarities sake - but values in other currencies would be comparable. Slightly lower or higher depending on the currency) It's fuel usage is extremely reasonable at about 20 litres per hour, and it's cruising speed is about 110 knots. (~203 km/h) It also has an engine that can run both off AVGAS, but also regular high octane petrol used by cars. (only criteria is it has to be 98 octane) The fuel usage is about twice that of a large car (station wagon, 4wd, that kind of thing.) But, it's also going about twice as fast. So per unit distance travelled, fuel costs are about the same. So what other costs are there? Well, you'll probably need engine oil. Estimates for that size aircraft would be about 0.1 litres an hour. Oil costing about $14 a litre. With fuel at about $1.50 a litre... You're looking at about $30/hr in fuel. $1.4 in oil. Direct cost: $31.40 /hr So, what other costs are there? Well, the engine will need an overhaul after 1000 flight hours. New/overhauled engine will cost about $15,000 You'll need an inspection every 100 hours or so. Cost about $1500 The propeller will need an overhaul every 1000 hours. - $1000 Insurance: $3500 a year Hangar space rental (unless you're lucky enough to own one, obviously): $200 a month. (relatively cheap, but not trivial.) So, we can break the maintenance and inspection costs down to about $31 / hr Add that to the fuel costs, and your cost per hour flown goes to $61.40 Given fuel price fluctuations and the like let's just say $65 / hr But that's assuming you own the aircraft outright and don't need to pay a loan related to it. Your fixed yearly costs related to owning the plane are then $5900 Is that affordable on a moderate wage? Sure. Assuming you can afford to buy the thing in the first place of course. But this aircraft is useless for doing any kind of work with; it's purely for fun. And you can see if you're flying it only $100 hours a year, you're paying roughly $125 for every hour you fly. (relatively more if you fly it less, and relatively less if you fly it more, but still quite a lot.) And costs escalate rapidly. More typical smaller GA aircraft like a Cessna 172 use easily twice the fuel. Something like an SR-22 costs you about 3 times as much to buy, uses about 4 times as much fuel, and has vastly more expensive components (and thus higher maintenance related costs.) If you go up to the extreme end of private ownership you're looking at things that cost 20 times as much to buy, and probably 40 times the per hour operating costs... And the cheapest private jets are still vastly more expensive...

@@CV-ly6ct No they use honey to scour the internet for coupons and save up to 90% off

C V $15m a year is not enough? Bruhhhhhhhhhhhh

@@alibaba888 It's true, private jets are insanely expensive. Like, so expensive that they make $10k first class tickets look like a damn bargain.

First to comment

ThomasTurner69 my guy asking the real questions over here

@ThomasTurner69 We will unlock creative mode and we will find the N-Word Pass.

ThomasTurner69 na your grandad with press the button

ThomasTurner69 you sir are the god kyles worship

The average fuel consumed by an A-10 Warthog per hour is...

I agree with your point, however most long-haul carriers in first have seriously stepped up their game in that regard. You may still not be that fast with commercial, but if you fly First, you lose very few productive minutes.

BottomFragger yes, but you won’t be able to discuss everything as you would on a private plane. For example a new product or strategy which could be sensitive to competition.

That's a fair point. I don't see many company executives flying together in first class or business class even. The process of security and the general public is still there, which is unhelpful to facilitste intelligent and meaningful discussion. Having been on a few (stationary, unfortunately) private jets, you can instantly recognize that flying on one would be a truly incredible experience.

Andy Cox I think we had similar name struggles growing up bro

I think you have more valid point than the video itself.

How does the DRC get there?

Didn't they Sukhoi them?

There was also that fling down in Rio with Embraer I heard about...

Good point. I would like to hire you for my secretary

Right. There are more reasons a private jet makes sense other than what Wendover mentioned.

@The Bad Ass i can donut your corolla with my rdx

I would add to that the increased productivity of someone who got a full night's sleep in their own bed and skipped all the stress of airport rigamarole. Plus, commercial flights are regularly overbooked and delayed, whereas a private flight is more predictable and leaves when you say.

For the record, I used to fly to work on a private jet. I was not an executive or a CEO. So don't assume it is only the top Execs who fly on private jets.

*P L A N E S*

Newmono THE *p l a n e*

en.wikipedia.org/wiki/Plane_(tool)

But if nobody said nothing, that means everybody said something... hmm

Nigga stop using that gay ass meme format

Do u live there?

@@mhc3200 I live here, yeah

@@ironichoneybadger5066 what kind of effect does walmart have on the city?

@@mhc3200 the city is basically run by it. they have a hand in all businesses around the area, a majority of the city's population works for wal-mart, they effectively own the place, sam walton's children have HUGE impacts around town, they pay for parks, they improve things, but they also change stuff that people don't agree with all of the time. it's really strange to see the intertwined business and politics.

@@ironichoneybadger5066 very interesting. Their net worths are huge considering its a split fortune. Do u find it odd they kept the HQ there?

Looks like this guy didn't finish the video.

Kieran Fulcher rewatch the final part then

Hey, why are you copying my subscriptions . I see your comments in most of videos I watch

I though a flex was impractical by definition... But yeah, a plane can be a flex. I have also talked to a few executives who use them for tax write off

Did they ever make the runway long enough so it can take off full of fuel? The old global couldn't. They made the mistake once and almost didn't make it off the runway in time.

@@hogsneverwinbiggames we don't have room for that kind of racist stuff here buddy. Take that stuff somewhere else.

@@erictremblay4940 Dasseault tri-jets? Sony, Comcast, Bill Gates, Taylor Swift, and Michael Bloomberg to name a few.

hogsneverwinbiggames XNA is 8,800 feet long so they can definitely make it

@@shotelco Indeed, Dassault has about an 8% market share, so there must be some of their jets around :-) Gulfstream, Bombardier and Textron are way ahead of them in terms of $ sales.

Maybe he just hates private jets

because doing the research made him realise that private jets are little more than obscene displays of callous disregard for climate change and economic inequality... yet he still had to try and justify them. this means he's not devoid of empathy or suffering from cognitive dissonance, which is great.

capitalism got to him

He turned Sam into a lamp shade!

basically impossible with current tech to get the benefits of private jets without pollution, so most CEOs use private jets anyway whether the general public use ICE or electric cars, might as well start the transition to clean energy with everyday vehicles, and once the tech is developed then switch our air travel to electric

My friend is a pilot and he currently is doing surveying work and was looking at buying a car. When he started talking about wanting a hybrid to help the environment we all busted up laughing and asked him how much gas his plane burns, and then he shut up lol.

​@@onlinealias622 a hybrid car, unlike an electric car which uses coal power, refills its own battery. I'm so glad you mocked your friend out of making a good environmental choice. You must use no coal/oil at all, right? 🙄

@@NadiaSeesIt evs and hybrids look stupid, just get a gas car. He kept his freinds pride intact.

@@NadiaSeesIt There are plug in hybrids which still use "coal power" and inefficiently burn fossil fuels. Coal is also used much less nowadays for large scale energy production, especially in Europe, so it still is often better fully electric.

Yes this was explained in the video, though framed as a single passenger vs a full flight

When looking at the carbon footprint of the jets, it still doesn't make sense to fly them even with 5 on board.

@@aidenhenrie4736 It might not be particularly friendly to the environment, but at that point, it definitely makes sense for the company. They probably don't even care about that part, and it hardly factors into whether or not it "makes sense".

AKA public transport reinvented.

When my father was svp of tech for Walmart he often flew out to places with a small group. So you'd be correct

thats what she said

Why is that a good thing?

Well the risk is pretty much 0%

Okay. Fly 10 on one plane and 9 on another.

They are only a small number of managers.

Inspirer not really

FinalLugiaGuardian those two plans can still crash to each other! Better be safe and split them up in 3 planes

Sounds awfully dubious to me. If your negotiation is so important, stay the extra day. Or you know, don't plan on leaving until the day after business concludes.

@@babyhuey6342 still, if you have a fixed scheduce and the other party knows that they can draw things out in order to come close to the deadline and gain power

@@babyhuey6342 I agree, but as the person after you says, the other guys might know you're on a tight schedule. Specially if you negotiate on a Friday for instance. And the article (I should have mentionned) talked about special destinations where there's less than 7 flights a week. Of course it wouldn't work on a NY-Paris Flight or a London-Dubaï.

This actually makes sound sense. The detractor's point makes no sense in this scenario.

The salary is an indication of how much they value his time, so it's not strictly relevent but it's a good approximation

@@Septimus_ii that is incorrect. They always value his time more than what they pay him, as the employees are profitable investments, not a break even expense. If they pay $1m, likely he brings back a whole lot more than $1m to Walmart.

@@Septimus_ii Most CEOs probably bring in 5-6x likely even more than their salary

Dylan Bravo sounds like a fun subject, hope he reads this

Great idea! That’s something I’ve never fully understood either.

I would like to see that too!

Very down for this

Fun fact: the CEO of Walmart earns more in a single minute than the average Walmart worker earns in a whole year.

Something Nothing That’s not fun, that’s disturbing.

@@SomeNot He's well worth the pay he gets

@@SomeNot That's not true at all, he makes 24,000,000/2700/60 = $148,14 per minute. The median wage at walmart is $22,000 annually

@@sumerrana6805 He's not on the ground serving you or making the day to day decsions. And as shown above, Many don't even work that much

Half as Airworthy

That's cause this video was rushed. Flexibility and added security are other factors that can't be measured as to why corporations use private jets over commercial first class or business for their execs.

good point

No Wendovers system makes sense. If you work out that in 3 hours someone earns 15,000 dollars. A private jet says let's saves 3 hours but costs 20,000 dollars. So technically it is not worth it.

GDP If he had earned the company $50.000 hour it would be worth it.

Your model is closer to reality but the question is how do you compute for "the net value an individual adds to the company"? The value of a company is in itself speculative in nature. Remember, valuation is more of an art than science. Especially if the company is private, there's no market cap to rely on. The salary model eliminates the speculative aspect of valuation because it's an actual cost, thus, imo it's superior for documentary purposes. Companies would also prefer the salary model because its cost-to-cost, without speculative valuation w/c makes decision making more objective.

Barney Garcia Also, the jet itself generates value. Being able to fly potential clients to you for meetings makes them much more likely to buy whatever you are selling.

@@mergg3365 Bull shit, I live next to the largest general aviation airport in Virginia which is also next to Jiffy Lube Live (a massive stadium-style concert venue). Every artist that performs at that venue flies into the airport on a private jet, from Tailor Swift to Wiz Khalifa. Maybe it is the label flying them around for the tour, but that doesn't change the fact that they're using private jets more per year than the average American takes flights in their lifetime while lecturing the rest of us. I'm not even against private jet use because I understand the economics behind it for people whose time is valuable, but the hypocrisy needs to stop. I have friends filling their jets up with fuel and emptying the waste tank every day who could only dream of that kind of luxury, but they gotta listen to those same assholes lecture them on TV at night. Fuck celebrities.

@@MrMattumbo So they fly in a private jet while working. That's what Mergg said. Despite the economics for a stage tour that needs you to be in a different place nearly every day far away from the last one and with enough rest to do a 3 hour concert and preparation before.

Yup, in the global picture

Keep this in mind when you’re talking to an airline pilot: “after all, you’re just some kind of a bus driver”.

@@AndersHenke not even close. An airline pilot is a meteorologist (better than most if not all news channel weathermen also), a physics genius, a mathematician, a geography expert, multilingual, medically fit as a requirement, and all of this is before they even are allowed to enter the cockpit. A bus driver doesn't even remotely compare to a pilot in the slightest.

@@yamafanboy no. Airline pilots just type in info into a computer generated by dispatch.

@@yamafanboy Yet they still can not turn off autotrim in time.

The idea is that since during all those extra days the VP is traveling he's not working, the company loses in productivity per hour. Cut that 4 day trip to a 1 day, and now you have 3 extra days of the VP doing work that they don't have to hire another VP to do.

@@thelight3112 He's not talking about that, the value of an employee exceeds their salary, else there would be no point in hiring them, so that is the real figure that matters.

Exactly what I also thought. You've to consider 3 things which is Time, Salary and how much money that person make for company. If they(Board) believed company success is mostly due to this CEO. It's mean that CEO worth a lot to company and they'll pay a crazy sum to maximize that CEO's time.

Bruh

HisAjabness its ridiculous how unequal wealth is distributed around the world. Even inside countries, the divides are huge

@@ReptilianLepton Yeah. This is Africa bro. That $3 is not a must. Depends on how many heads get a cut. Sometimes it is just lunch and you walk home. But am not complaining. I know guys who cannot afford rent for lack of job. They sleep on polythene paper! To them am almost like those CEOs over there.

@@snooogly if it was all equal what's the point of doing hard and stressful jobs like being a CEO.

@@aaronmoise8261 Not every CEO is wealthy and hardly works. Plenty spend most their awake hours working.

@@dasbubba841 your missing the point. And name me one CEO who started off hardly working smh. The ones that don't work much grinded to that position.