In the last week's Apprentice (Dumb Reality show I know..) Donald Trump highlighted the fact that he saved Millions of Dollars by buying an old 727 released by the airlines for sale, rather than purchasing an expensive corporate jet. What's the economics of this really?
An old 727 goes for what? $3-4 Million or less? Trump said a new Executive Jet costs $30-50 Million.. But it is worth it considering the higher fuel cost, 3 crew members vs 2, and just the cost of maintenance on such an old aircraft..Just how many 727's are converted into Executive jets?
Your thoughts would be appreciated,