The Economics of Everyday Things 25. Private Jets
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Mar 26, 2026 
Chuck Collins, inequality researcher and member of Patriotic Millionaires, critiques private-jet tax and environmental impacts. Anthony Tivnan, private aviation executive and Magellan Jets co-founder, explains services, pricing, and ownership models. They discuss how private flying works, who pays, environmental costs, and policy responses in a fast-paced, revealing conversation.
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Ritz-Carlton In The Sky
- Anthony Tivnan describes the private jet experience as a Ritz-Carlton in the sky with personalized service, full meals, and beds on board.
- He highlights sitting in a $30–$40 million plane with just family and on-demand luxury amenities that mimic five-star hotels.
True Cost Of Owning A Private Jet
- Buying a private jet requires massive capital and ongoing costs including fuel, hangar fees, pilots, maintenance, insurance, and depreciation.
- A light jet can cost $7–$10 million to buy and upkeep often exceeds $1 million per year.
Timeshare Model For Jets Lowers Barriers
- Fractional ownership and charter models lower barriers by turning jets into shared or on-demand assets with hourly pricing.
- Entry-level jet membership programs start around $100,000 for guaranteed access without ownership hassles.