Buffett's new plane

[JamminJoe]

According to the FAA records, Buffett's aircraft corporation Strange Bird, Inc. registered with the FAA a 1992 Falcon 900 business jet on 2/17/2005. It has at least 6 more seats than his old Falcon 50. Sweet!

[MikeInNOLA]

According to the FAA records, Buffett's aircraft corporation Strange Bird, Inc. registered with the FAA a 1992 Falcon 900 business jet on 2/17/2005. It has at least 6 more seats than his old Falcon 50. Sweet!

Keep your eyes out for tail number N908JB...has the familiar FINS marking on the tail engine

[VB for Buffett]

So how many planes does he have now?..............

..............................on my count 3 or 4 atleast.........but maybe a few more........

[Quiet and Shy]

A 1992 plane?? I thought that was a brand new customized 2004 bird.

[Lastplaneout]

A 1992 plane?? I thought that was a brand new customized 2004 bird.

yeah, I was told that he had ordered a brand new Falcon 900 to be delivered...hmm maybe he bought another one...must be nice Full glass cockpit...4,000 mile nonstop range and ccapable of .80 mach....i'll take 4. Hell screw that..just let me fly it

[MikeInNOLA]

http://sbphc.org/N908jb.htm

[Ilph]

According to the FAA records, Buffett's aircraft corporation Strange Bird, Inc. registered with the FAA a 1992 Falcon 900 business jet on 2/17/2005. It has at least 6 more seats than his old Falcon 50. Sweet!

Keep your eyes out for tail number N908JB...has the familiar FINS marking on the tail engine

Are these numbers assigned or do they stand for something? I got the JB, but N908 is beyond me.

[AlbatrossFlyer]

A 1992 plane?? I thought that was a brand new customized 2004 bird.

yeah, I was told that he had ordered a brand new Falcon 900 to be delivered...hmm maybe he bought another one...must be nice Full glass cockpit...4,000 mile nonstop range and ccapable of .80 mach....i'll take 4. Hell screw that..just let me fly it

never ordered a new one.....

[AlbatrossFlyer]

So how many planes does he have now?..............

..............................on my count 3 or 4 atleast.........but maybe a few more........

3, the 900, the caravan, and the stearman

[AlbatrossFlyer]

According to the FAA records, Buffett's aircraft corporation Strange Bird, Inc. registered with the FAA a 1992 Falcon 900 business jet on 2/17/2005. It has at least 6 more seats than his old Falcon 50. Sweet!

the FAA is slow, jimmy put the 900 into service back in october.

[AlbatrossFlyer]

techincally it's a 900B, with a Honeywell SPZ-8000 avoinics suite in it, 5 tube EFIS, (5x6 CRTs) dual flight guidance computers, and dual FMS's.

i was in charge of the autopilot development for the 900 when i worked at honeywell.....

[MikeInNOLA]

According to the FAA records, Buffett's aircraft corporation Strange Bird, Inc. registered with the FAA a 1992 Falcon 900 business jet on 2/17/2005. It has at least 6 more seats than his old Falcon 50. Sweet!

Keep your eyes out for tail number N908JB...has the familiar FINS marking on the tail engine

Are these numbers assigned or do they stand for something? I got the JB, but N908 is beyond me.

The "N" identifies it as a US Registration. Different countries have different alpha-codes assigned. I gather the rest is just a registration number...although, it seems personalized registration numbers are available. Jimmy's old Falcon was N502JB. Oprah's G-IV is N54OW...Travolta has N707JT.

Guess it is like the goofy folks who drive around with personalized license plates!

[AlbatrossFlyer]

you can request a personalized N number from the FAA just like a license plate.

[Margaritas_And_Senoritas]

wow... another plane! who says he is all work & no play

[Capt Garry]

I have a few technical questions about the "Corporation". So Buffett starts an aviation corporation for his planes then depreciates them and "rents" the planes from himself. In the end this ends up to be a tax savings? Is this anywhere near the reason or would someone with more business experience clarify this. I'm just curious about how this works...tx

[AlbatrossFlyer]

I have a few technical questions about the "Corporation". So Buffett starts an aviation corporation for his planes then depreciates them and "rents" the planes from himself. In the end this ends up to be a tax savings? Is this anywhere near the reason or would someone with more business experience clarify this. I'm just curious about how this works...tx

NPR did a story last week on the annual dinner meeting of all the bigtime hollywood tax guys that handle the finances of the "stars". they get together once a year and talk over the latest scams er tax shelters, etc. the IRS considers the cost of private aircraft, limos, fancy hotels, etc. a 100% deduction for someone in showbiz since their "stardom" has created the need to protect themselves from their fans. go figure.... the IRS even bought the argument that a unflattering photo of star being screened by airport security and published in a tabloid would be detrimental to their career. therefore the need for private planes.....

pretty much anybody with a lot of money puts their private planes in a shell corporation for liability reasons. i have 2 clients with multiple aircraft. they put each airplane in its own corp. that way if one crashes the other aircraft are not exposed to the lawyers as assets of the corp.

[AlbatrossFlyer]

here's a link to the NPR story

http://www.npr.org/templates/story/stor ... Id=4500666

[Quiet and Shy]

I have a few technical questions about the "Corporation". So Buffett starts an aviation corporation for his planes then depreciates them and "rents" the planes from himself. In the end this ends up to be a tax savings? Is this anywhere near the reason or would someone with more business experience clarify this. I'm just curious about how this works...tx

NPR did a story last week on the annual dinner meeting of all the bigtime hollywood tax guys that handle the finances of the "stars". they get together once a year and talk over the latest scams er tax shelters, etc. the IRS considers the cost of private aircraft, limos, fancy hotels, etc. a 100% deduction for someone in showbiz since their "stardom" has created the need to protect themselves from their fans. go figure.... the IRS even bought the argument that a unflattering photo of star being screened by airport security and published in a tabloid would be detrimental to their career. therefore the need for private planes.....

pretty much anybody with a lot of money puts their private planes in a shell corporation for liability reasons. i have 2 clients with multiple aircraft. they put each airplane in its own corp. that way if one crashes the other aircraft are not exposed to the lawyers as assets of the corp.

I would think the shell corp would protect not just the other aircraft but the individual (in this case JB) from liability, as well.

His 4th plane would be the Hemisphere Dancer which is parked in Orlando. Any insight as to why that one has seemingly been retired? (although JB claims it isn't)

[AlbatrossFlyer]

the albatross was retired because it's making a shitload of money as a bar instead of burning a shitload of money for fuel and maintance

[AlbatrossFlyer]

and yes the owners personal assets are protected via the corporate structure under liability laws...