No big surprise here. Owning and operating a business aircraft of any type is going to be more expensive than most people realize until they have been exposed to the reality. I believe economists refer to this as “regression to the mean”. It will be interesting to see how this may affect resale prices on our little bug-smashers, which have seen major increases in the past couple years.
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It’s not just the money. Also, I suspect many people found out it’s just not all that. There’s a lot of people angry their boss can afford a fancier car that would, after a few weeks of owning that car, realize it’s just not that big of a deal. Make that a car that goes into the shop every few months, and they realize that warranties only cover the financial cost of repairs. That may be a dated example, but it makes the point.
It costs $10,000 per flight hour to rent a Praetor 600 from the local rent a jet company. Do those folks really care what it costs? Are they the same ones who buy their own personal flight transportation?
I have heard this also. But looking at my company’s schedule, I have yet to see much slowdown. And none of our owners have sold any of their planes that my company manages. So as the old aviation saying goes, I’ll believe it when the plane shows up in the hangar, or in this case disappears from the hangar and the ops spec is changed.