Inside The Life Of A Billionaire Pilot

one of the pluses of being incredibly rich is being able to skip over the long queues on airline flights by splashing out on a private jet yet is there a difference between being a commercial airline or private plane pilot well that's what we're going to explore today we'll see what the jet setting life of a private corporate pilot is like with the many roles they have to cover we'll also explore the training to become a pilot for the wealthy and the eye-watering costs then we'll find out just how much cash the private pilots bring in with their skills so let's get started a commercial airline pilot and a private pilot have a lot of crossover of course when it comes to their responsibilities one of the main differences is the extra tasks the private pilot has to do after all most of the time they're the only crew on board the plane for example they have to clean the cabin an unnamed actor was flying on a plane with her children the kids drew cut and wrecked the interior in the end the plane company sent a bill of 250 thousand dollars however they refused to pay another time a ceo and his family covered the cabin with mud and weirdly pizza sauce this resulted in a cleaning bill of two thousand one hundred dollars private pilots have to interact with their passengers beyond the occasional announcement on an airline plane's intercom the pilots will lock the cockpit door and avoid all non-crew private pilots are expected to greet their passengers so good customer service skills are a must the pilots also have to store any luggage and provide the safety speech the cabin crew would usually deal with the cockpit on a private plane either isn't closed or isn't there so they can expect their passengers to chat with them during the flight there's usually two pilots on a private plane the captain and the co-pilot however there are a number of planes that only require one to fly the jet before the guests arrive the pilot is expected to be at the airport an hour before takeoff they have a range of tasks such as ordering fuel filing the flight plan sorting out the catering and so on airline pilots have to check their equipment fuel etc too however they can do this as the passengers board and wait while private plane clients expect to leave as soon as they arrive private pilots are expected to be ready at a moment's notice which means they could be working on holidays like christmas it's heavily suggested that they live close to the airport their client tends to fly from private aircrafts can even work up to 14 hours a day yet according to reports private pilots find their work more informal and relaxed than their previous airline work if you fancy getting a private plane for your own needs they can be pricey just to charter they can cost between twelve hundred and ten thousand dollars per hour but the price increases depending on the plane and extra features wanted by the client as for buying your own jet costs can vary widely most planes cost between two million to 100 million dollars a global 5000 made by bombardier for example can cost up to 22 million dollars during 2020 paul jebely who helps clients purchase planes stated that in one month his client spent a collective 200 million dollars yet the added expenses can bring even more financial woes a blown tire on a jet can cost between two thousand to three thousand dollars to replace while annual operating fees can often cost between five hundred thousand to 1 million dollars for luxury airplanes one of the most important aspects for a pilot is the proper training and licenses after all in 2017 private pilot arnold gerald ledo the third was flying passengers without a proper license for two years he was sentenced to federal prison for 10 months and fined 5500 the cost of training can get high which is why a number of pilots will first go into the air force get all the training certifications and a bachelor's degree and then venture into the public sector after their service for those wanting to learn away from the military the most popular method is to start with flight school a number of facilities offer a range of different courses and as such you can tailor what type of pilot you want to be but we're going to focus on being a corporate private pilot before starting school some of them require prospective pilots to take an introductory flight course and these can cost up to 250 dollars in the u.s then they have to get a medical certificate approved by the faa or federal aviation administration while not required it's strongly suggested that people acquire a student pilot certificate which is around two hundred dollars after that flight school beckons in order to become a commercial pilot they have to log 250 hours in the air altogether one company atp flight school offers a couple of complete packages for those looking to be commercial pilots firstly there's one called the airline career pilot program the nine month course costs eighty three thousand nine hundred and ninety five dollars but there's also the 100 plus our multi-engine option that costs ninety three thousand nine hundred ninety five dollars for both of these programs certain exam tests such as the important faa license and examiner fees aren't included and can add a further eighty two hundred dollars both courses include an airline transport pilot certification training program which is required to work as a pilot for all of the courses and training some sources state it can cost at least twenty five thousand dollars but can easily creep over one hundred thousand dollars it can take years to log the required hours if not going to a flight school on a daily basis over in europe the costs can be similar in the uk private corporate pilots have stated that initial training can amount to around 80 000 pounds or 111 000 us dollars then in order to specify the type of planes you're looking for courses can add a further thirty five thousand pounds or forty nine thousand dollars on average a corporate pilot can bring in eighty thousand dollars per year in the us while some pilots for the gulfstream g650 have been known to bring in 198 000 per year yet they aren't paid a typical salary instead they're paid per hour on average they'll work up to 150 hours of flight per month pilots on airlines will get paid an annual salary they can work up to 240 hours of flight per month for that they can get between 140 and 260 thousand dollars per year in america according to the u.s bureau of labor statistics the median annual salary for a private commercial pilot was 93 300 in may of 2020. the lowest 10 percent earned less than 47 570 while the highest 10 percent brought in at least 200 920 they also believe that employment of private pilots will increase by nine percent from 2019 to 2029 while in france a co-pilot for an airline gets between 4 000 euros to 11 000 euros or 4 800 to 13 000 us dollars per month giving us a yearly salary of between 48 000 to 132 000 euros or 58 000 to 159 000 us dollars while a captain can get up to 18 500 euros or 22 000 per month yearly that would be 222 000 euros or 268 000 us dollars over in the uk according to industry experts a first officer pilot or co-pilot for a private corporate plane gets around 25 000 pounds or 35 000 per year while the captain can get between sixty thousand to a hundred thousand pounds or eighty three thousand to one hundred and thirty nine thousand us dollars after the pilot hits 500 hours of flight their pay increases further one of the biggest non-commercial pilot jobs is flying the u.s president in air force one however not anyone can do this you have to be a pilot working for the u.s military's 89th airlift wing on top of that most pilots are at the rank of colonel which typically takes about 22 years to get yet even with all that experience and the pressure of ferrying the president the salary doesn't increase as a result instead the pilot will get paid a typical kernel salary which is between 83 174 to 147 244 dollars for 2020. final fun fact finish one of the most expensive autonomous aerial vehicles or drones is the ehang 216 this electric powered drone was built as an air taxi the 216 is able to carry two people for an hour and a half with a range of around 44 miles according to reports it's set to cost 336 000 thanks for joining us today and we'll see you next time

Channel: TheRichest

Views: 367,595

Keywords: Air Force One, Airline Pilot, Annual Salary, Commercial Pilot, Corporate Pilot, EHang, Facts Features, Flight School, How To Become, Most Expensive, Private Jets, Private Pilot, Role Responsibility, US President, Unmanned Aerial Vehicle, therichest, the richest

Id: DzKUIytAxmA

Length: 8min 42sec (522 seconds)

Published: Tue May 04 2021