YOU might find number 4 interesting (1 Viewer)

[LoPony]

Are all the planes paid off?

I’m sure they are not, but some of those aircraft, the 777-300 F, were built custom for that company, and they have had many assets for decades.

By the way, what is the arrangement between Kalitta air and DHL? Are they partners, or is one investing in the other?

Edit: I always thought it was cool that Kalitta air was formed to support the drag racing effort. That blows my mind.

 

[z28]

The only ones who know Connie's total wealth is Connie. Those Google net worth numbers are not even close to the actual for most of the wealthy folks they put numbers

I’m sure they are not, but some of those aircraft, the 777-300 F, were built custom for that company, and they have had many assets for decades.

By the way, what is the arrangement between Kalitta air and DHL? Are they partners, or is one investing in the other?

Kalitta has a contract with DHL to carry for them.

 

[Jer]

Id still like to know why there is a big tarp on doug kalittas trailer front,i didnt see any others on the kalitta trailers...

 

[M Jones]

Are all the planes paid off?

Don’t have to be to have equity

 

[LoPony]

Id still like to know why there is a big tarp on doug kalittas trailer front,i didnt see any others on the kalitta trailers...

It’s the terrible tarp

 

[twostep]

Are all the planes paid off?

I would imagine they lease the newer ones. They just dry-leased (just the plane, no crew or maintenance plans) 3 new 777s. The bigger jets are $300 million apiece; I can't imagine him spending that much operating capital to purchase them outright. Kalitta also leases planes through their own leasing companies; several are wet-leased to Emirates.

 

[stitcherbob]

How do you pay for a Boeing jet?
With a rubber check...... of course

 

[LoPony]

How do you pay for a Boeing jet?
With a rubber check...... of course

is this in reference to the seal around the door? If so, it took me a few minutes, but I got it finally. Wonder how many others will actually get it.

 

[stitcherbob]

is this in reference to the seal around the door? If so, it took me a few minutes, but I got it finally. Wonder how many others will actually get it.

Nope, fooled ya
Rubber checks bounce
Boing

 

[M Jones]

is this in reference to the seal around the door? If so, it took me a few minutes, but I got it finally. Wonder how many others will actually get it.

All of us now

 

[z28]

I would imagine they lease the newer ones. They just dry-leased (just the plane, no crew or maintenance plans) 3 new 777s. The bigger jets are $300 million apiece; I can't imagine him spending that much operating capital to purchase them outright. Kalitta also leases planes through their own leasing companies; several are wet-leased to Emirates.

if it depreciates lease it. If it appreciates buy it.

 

[LoPony]

Nope, fooled ya
Rubber checks bounce
Boing

an unintentional double entendre! Congrats, haha.

 

[twostep]

if it depreciates lease it. If it appreciates buy it.

Indeed, and commercial jets don't appreciate. You can buy a serviced, ready to fly 747 or 777 for pennies on the dollar, but you'd better be prepared for $25,000 an hour to fly it.

 

[LoPony]

Indeed, and commercial jets don't appreciate. You can buy a serviced, ready to fly 747 or 777 for pennies on the dollar, but you'd better be prepared for $25,000 an hour to fly it.

Kalitta air has a lot of assets. They don’t lease all of their planes, just a few newer ones. I saw that the FAA was going to fine them $400,000 for having some safety infraction in the software of the new triple-sevens, but I think they’ll negotiate that down, probably to nonexistence. It was unintentional.

At any rate, they think that is small potatoes.

 

[Randy]

Years ago Connie bought MGM Grand Air. A friend of Connie's told me back then he bought it because it was a good deal for fifteen 747's. Pretty stout.

 

[.]

The internet is a joke.

That's where you got Lynsi Snyder's net worth of 6.7 billion...

It just seems to me that if Connie was indeed worth more than Lynsi Snyder (6.7 billion, as you posted) then he would be listed on the Forbes list of Billionaires for 2024.... but his name isn't anywhere on the list.

 

[65 Goatboy]

Id still like to know why there is a big tarp on doug kalittas trailer front,i didnt see any others on the kalitta trailers...

It's full of cash.

 

[Ramjet]

It's full of cash.

If it was Lynsi's Trailer it would be full of Double Double's & Neopolitan Shakes which is way better anyway.