Air Force One Retires, NetJets Faces Tragedy & AirShare Goes Viral

Air Force One Retires, NetJets Faces Tragedy & AirShare Goes Viral

This week on The VIP Seat, Jessie Naor and Preston Holland break down a packed week in business aviation. We start with Global Jet Capital’s $659 million aircraft-backed securitization and why Fortune 500 companies use operating leases for corporate jets. Then AirShare CEO John Owen joins us for a special Mile High Madness segment after the company went viral offering to fly Freddy to a World Cup match on a private jet. We also discuss the retirement of one of the classic Air Force One 747-200s, the controversy surrounding the Qatari 747-8, and Boeing’s delays on the next presidential aircraft. In safety news, we cover NetJets’ first fatal accident, the industry’s reaction, and why everyone is waiting for the NTSB’s findings. Jessie also explains the first confirmed NTSB preliminary report involving GPS jamming in a fatal medevac crash. Plus: the American pilot finally home after being detained in Guinea, Magellan Jets’ M&A strategy, charter brokerage consolidation, and why gross marketplace value is not the same thing as revenue. Topics include: -Global Jet Capital aircraft securitization -AirShare’s viral Freddy World Cup offer -Air Force One 747 retirement -Qatari 747-8 presidential aircraft controversy -NetJets fatal accident -GPS jamming and aviation safety -Pilot detained in Guinea returns home -Magellan Jets M&A strategy -Charter brokerage consolidation -Private aviation finance and safety news

Steve Varsano Joins Flexjet, FlyHouse Reshuffles & AeroVanti Founder Convicted

This week on The VIP Seat, Jessie Naor and Preston Holland unpack a packed week of private aviation headlines. FlyHouse announces a leadership change, raising new questions about its ambitious “Uber for private jets” strategy. NetJets files for an exemption to extend certain crew duty limits, sparking a bigger conversation about fatigue, rest rules, and whether safety practices should be shared across the industry. Plus, Cirrus faces federal restrictions tied to Chinese ownership, AeroVanti’s founder is convicted in a major wire fraud case, Steve Varsano sells The Jet Business to Flexjet/Directional Capital, and Mile High Madness brings mini cows on a private jet and PE guy comedy to the cabin.

Kenny Dichter on Billion Dollar Revenues, Leaving Wheels Up, and Keeping it REAL

This interview with Kenny Dichter and Robert Withers of REAL Jet covers the founding of Marquis Jet, the success of Avion Tequila, the experience with capital markets, the growth of Wheels Up, and the impact of going public on the industry. It also highlights the importance of authentic conversations and the journey to becoming a billion-dollar company. The conversation delves into the challenges faced during COVID, lessons learned, and the evolving landscape of the aviation industry. It also explores the transition from Wheels Up to RealJet, the vision for RealJet and Real SLX, and the unique hospitality model of RealJet. The synergy of REALJet, REAL SLX, and REAL come from learnings at Wheels Up. Takeaways * Authentic conversations are what drive our industry forward * Success in the private aviation industry requires strategic partnerships and innovative business models. Adaptability and resilience are crucial in navigating challenges in the aviation industry. * Safety, trust, and quality are essential components of a successful aviation business. Chapters * 00:00 RealJet Sponsorship * 05:21 Founding of Marquis Jet * 10:54 Success of Avion Tequila * 17:56 Growth of Wheels Up * 23:13 Journey to a Billion Dollar Company * 28:47 Going Public and Industry Impact * 34:12 Lessons Learned in Challenging Times * 40:07 Safety and Trust in Aviation * 45:25 The Vision for RealJet and Real SLX * 53:28 RealJet's Unique Hospitality Model * 01:00:45 Encouragement for the Future of Aviation Thanks to AB Jets [abjets.com]and REALJET [realjet.com] for sponsoring this week's episode of The VIP Seat! Check out our newsletter at The VIP Seat. [thevipseat.com]

Biffle Crash Litigation: Pilot Liability, LLCs & Aviation Insurance Gaps

Aviation attorney Joe LoRusso joins Jessie Naor and Preston Holland to explain the lawsuits following the Greg Biffle aircraft crash, including aircraft LLC liability, pilot qualification issues, insurance coverage questions, operational control, and why litigation often begins long before an NTSB final report is released. The episode also covers responsible crash commentary, underinsurance in private aviation, Flexjet’s win against the IRS over federal excise tax, the GAO’s eVTOL infrastructure report, V2 Jets’ acquisition of Corporate Aviation, and the possible sale of ICE’s Gulfstream G700s. Thank you to AB Jets and RealJet for sponsoring this week’s episode.

Berkshire’s Delta Stake, Wheels Up’s Future

Berkshire Hathaway has disclosed a major stake in Delta Air Lines — but with Delta now deeply tied to Wheels Up, what does that mean for private aviation, premium travel, and NetJets? This week on The VIP Seat, Jessie Naor and Preston Holland break down Berkshire’s Delta investment, Delta’s continued commitment to Wheels Up, and the growing connection between airline premium cabins and private jet customers. They also discuss the NTSB’s decision to shut down safety dockets after AI tools were used to reconstruct cockpit voice recorder audio from spectrograms, raising major questions about privacy, accident investigation data, and public access. Plus: the FAA’s new Modern Skies air traffic control modernization dashboard, NASA’s moon base ambitions, seaplane bases as aviation infrastructure, and the debut of Captain Keyboard, where Jessie and Preston rate their meanest internet comments like turbulence.