Latest / VREF | The Truth About the Aviation Market
The $500k Loan Disguised as a Deposit | EP 58
Last episode, Jason explained why nobody should wire eight figures directly to an aircraft seller without escrow.
This episode asks the uncomfortable follow-up:
Why will some of those same sophisticated buyers wire $250,000, $500,000, even $1 million directly to a jet-card company with no escrow, no collateral, no public financial statements, and no guarantee the money is still sitting there when they need it?
Because the industry calls it a deposit.
Jason calls it what it really is:
An unsecured, interest-free loan to a private company.
That doesn’t mean jet cards are scams. For the right…
The skinny
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