00:53:55 · Israel Slodowitz, Molly O'Shea
[00:53:55] S0: I've seen as quick as one hour. [00:54:00] S1: One hour? Yeah. [00:54:01] S0: There was g six fifty that just sold in one hour. To who? They hit the market, and then it just sold an hour later. I'm I have no idea. [00:54:06] S1: Where's the market? What's the market? [00:54:08] S0: There's there's a Is there [00:54:09] S1: an auction? Is there, a Sotheby's [00:54:10] S0: or planes? Brokers, and they they talk to each other. And yeah. So, I mean, we're we're seeing, like, stuff as short as one hour. And then, like, sometimes if it's a bad airplane, it could take six months. But it's a [00:54:21] S1: pretty it's a pretty liquid market today. Damn. Okay. I'm really curious about this. I fly a lot. Is it true that if you fly private, you have less jet lag?
00:54:31 · Israel Slodowitz
[00:54:31] S0: I think the best benchmark in the commercial space is the, Boeing seven eighty seven, and the Boeing seven eighty seven has a cabin altitude of just under 8,000 feet. If you looked at the sort of the best example in the private jet market, like the Global 7,500, that has a cabin altitude of about 3,100 feet. What does that mean? So it means that you're you're, the the altitude that it feels like you're at when you're flying is significantly lower Oh, wow. Than on the commercial airline, which makes a big difference for fatigue. So I actually think, this is the one area that actually, especially on long missions, can make a very big difference. If you're going if you're flying somewhere for a business meeting and and you you don't wanna be groggy the whole day and then on the way back, having, like, a cab out and there's all sorts of cool things happening right now. We're seeing airplanes that have, circadian rhythm lighting. So they'll actually you you you program the your your destination, and it'll figure out, you know, where you are, where your destination is, and it will change the lighting, careful lighting around the time of day so that you can adjust your body. So maybe we don't need windows in aircraft as long as the as long as the lighting adjusts. But, yeah, there's all sorts of interesting things that could happen that do make a difference on long trips, especially if you're flying a lot and you're high functioning person like Elon Musk or Jensen, you need to be places.
00:55:54 · Molly O'Shea, Israel Slodowitz
[00:55:54] S1: I genuinely, like, I get jet lag from flying LA to New York. I did it back to back for two weeks. And then after that, I was like, I need an IV. [00:56:03] S0: Yeah. Yeah. And then [00:56:04] S1: I ended up in the hospital. [00:56:05] S0: Do you do a lie flat? [00:56:07] S1: Sometimes. Yeah. If I can afford [00:56:09] S0: it. Uh-huh. [00:56:10] S1: But what what is surprising to me is I will get so jet lagged from that, doing that twice a week. And then sometimes I'll go to San Francisco in between, and then I'm completely dead. And then you see videos of Jensen Huang. He's in San Francisco one day. He's in Taiwan the next. He's in China. He's in DC. Like, he is all over the place. It's crazy. What is the secret? [00:56:34] S0: Well, I mean, I think, he's an incredible he's an incredible entrepreneur and founder and business leader. But, no, I think you're obviously running a business, and you could see the difference between, like, losing losing days. Right? And I think that's why private innovation is really such a tool that allows you to do so much more and unlock so much more and really save days, full days that otherwise you would have been sleeping or groggy because you got stuck in the system. It's really an incredible, I think, some ways, non negotiable tool.
00:57:07 · Molly O'Shea
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00:58:52 · Molly O'Shea, Israel Slodowitz
[00:58:52] S1: a pilot. You've been flying for over ten years. You fly a lot. What are your biggest health hacks? [00:58:57] S0: I don't know if I'm the health healthiest pilot. Oh. But [00:59:01] S1: That's what exactly what people wanna hear. [00:59:02] S0: Well well, I think I think, know, I you know, flying around is, like, is not the healthiest thing in general. Like, fly flying so much, sitting in a chair for that long, you know, like, probably not good. So I don't fly that [00:59:16] S1: much that much anymore. In a chair flying a plane versus people sitting in a chair, like [00:59:20] S0: On a commercial airline. [00:59:20] S1: Doing ad sales. Like, I don't know. [00:59:22] S0: It's totally different. I guess it's true. But sometimes I think, like, the when you keep changing time zones, really messes with you. You're going across the, you you keep changing your circadian rhythm, you're flying coast to coast or across the Pacific. These things over time, they start to really, really, really mess with you. [00:59:40] S1: How do you stay hydrated? [00:59:41] S0: I drink a lot of water. [00:59:43] S1: Just water? You don't add any fancy electrolytes? I know. Am I supposed to? Really? Yeah. Yeah. You're supposed to. [00:59:47] S0: That's the whole thing. I didn't get all the I didn't get all the all the tips. Yeah. But no. It's wow. Look at that. Tell you, I Cali there's just nothing like California. [00:59:58] S1: I know, Brett. I wish you were getting b roll of this. [01:00:00] S0: Gotta get some b roll of that mountain there.
01:00:00 · Israel Slodowitz, Molly O'Shea
[01:00:00] S0: Gotta get some b roll of that mountain there. [01:00:02] S1: We haven't covered this yet, but what are the hidden fees that people encounter when chartering? [01:00:07] S0: This is like a a whole whole episode. [01:00:10] S1: Really? Yes. Actually, why? [01:00:11] S0: And because I'm very passionate about it. Oh. The easy one is deicing. So a lot of times, you know, when you fly charter, if the plane has to deice, sometimes you don't even realize, maybe it wasn't even snowing, but the plane got in the night before and snowed overnight. And then before you got to the airport, they they need to deice. Sometimes that could be more than twice the cost of the actual flight itself. Seriously? Yeah. We've seen it, like, $24,000 de ice bill in Aspen. So de icing is something that charter companies will typically pass along to the broker, which will pass along to you. And it could be a surprise because you a couple weeks later, you get the bill. Like, wait a minute. I I thought I paid for this flight. And if you read the contracts, specifically, it says they can pass along. When you, work with, fractionals, NetJets, Flexjet, right, typically, they'll bake it into the price. So they'll include it in the in the price, and they'll sort of absorb it across the system. And this way, nobody gets any any surprises. The second one and the one I'm much more passionate about is the is the event fees. So recently, we've seen private equity come into the private aviation space. They're buying these FPOs. They're called FPOs, the fixed based operator, where you park the planes.