Posted on January 16th, 2019
IDB Holding Corp. Ltd. (TASE:IDBH) chairman Nochi Dankner is putting his private jet, a Bombardier Challenger 604, up for sale. The company bought the plane for $26 million a few years ago. IDB said in response, “In the difficult economic conditions, which are challenging even for IDB, there is no justification for keeping a private jet, and it is therefore up for sale.”
The 12-seat Challenger 604 has a range of 7,400 kilometers. IDB and its subsidiaries used the second-hand plane for their operations in the US, Europe, India, the Far East, and South America. A new Challenger 604 cost $34 million when IDB bought the plane in 2008.
The estimated cost of an hour’s flight time is $6,000, and the cost of a round trip to the US reaches $150,000. The overnight cost for the plane and its crew abroad is $1,800 for the first night and $2,700 for each additional night. The IDB public companies also pay fees, taxes, and various compulsory charges for private jets.
JetOptions charters the Challenger 604. Call us for rates and availability at 972-764-3563.