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Google wants to build it own private airport

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In the good times, companies buy planes and maybe build their own airport. (depending on how cocky they feel) In worse times, the board of directors asks them ##### they were smoking, and demands the head of whoever authorized the "wasteful spending."

 

In all times, regular people just roll their eyes. :P


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In the good times, companies buy planes and maybe build their own airport. (depending on how cocky they feel) In worse times, the board of directors asks them ##### they were smoking, and demands the head of whoever authorized the "wasteful spending."

 

In all times, regular people just roll their eyes. :P

In the good times, companies buy planes and maybe build their own airport. (depending on how cocky they feel) In worse times, the board of directors asks them ##### they were smoking, and demands the head of whoever authorized the "wasteful spending."

 

In all times, regular people just roll their eyes. :P

 

Very true lololol or get bailout from uncle sugar "aka the goverment"

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Sir Peter Jackson owns a Gulfstream that until recently had to be stored over in Melbourne instead of Wellington due to a lack of facilities, this was expensive for him. Now their are facilities that have been built in Wellington to accommodate his aircraft. You have to take into consideration the costs in building and providing those facilities on public/private land and that it is on a lease term as you don't own the land..

 

Google has a much larger fleet that needs to be stored on a lease term somewhere. This is why looking at purchasing land to store the aircraft on is a very good option for them considering the amount of aircraft they currently own and potential new aircraft.

 

Also owning the airport will lead to further opportunity to make money from other aircraft owners wanting to lease space at the airport. Land value will also go up over time. Google can easily see a return on their 82 million dollar investment on this airport over the long term compared to wasting money on leasing space somewhere else for their fleet.


Matthew Kane

 

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At first I really didn't understand the concept of building your own private airport, but what Matthew just said makes "cents". I guess if you have money, build it. Concourse A, which is part of Terminal 3 at Dubai International, recently opened and is currently the world's first facility designed for the A380. The cost of just Concourse A alone, cost about US$3.3 billion.

 

http://www.emirates.com/english/flash/terminal3_video.aspx

 

I'll take two business class tickets please.

 

RJ

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It should be noted that Google isn't building an entire airport, just a terminal and hangar at San Jose International airport.

 

Thanks for the additional link. The other article painted a much different picture. I guess whoever wrote it doesn't understand the difference between "airport" and terminal/servicing facilities.

 

Good grief,

 

Scott

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I guess whoever wrote it doesn't understand the difference between "airport" and terminal/servicing facilities.

 

Or they're trying to make it sound more dramatic to get people to read the article (and then maybe click on a few ads...).

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It should be noted that Google isn't building an entire airport, just a terminal and hangar at San Jose International airport.

 

http://mashable.com/...e-jets-airport/

 

That makes sense....$82 million to purchase land, build a runway and build the required facilities seemed really cheap to me. $82 million to build a terminal at San Jose sounds about right.

 

Researching it further it is a land lease deal with a 50 year lease on the land, which is probably not included in that $82 million construction budget. It is possible that Google may not exist in 50 years the way things happen in the computer business so the potential is there that Google stops making the lease payments in about 10 years or so if their business turns out to not be sustainable long term.


Matthew Kane

 

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That makes sense....$82 million to purchase land, build a runway and build the required facilities seemed really cheap to me. $82 million to build a terminal at San Jose sounds about right.

 

Researching it further it is a land lease deal with a 50 year lease on the land, which is probably not included in that $82 million construction budget. It is possible that Google may not exist in 50 years the way things happen in the computer business so the potential is there that Google stops making the lease payments in about 10 years or so if their business turns out to not be sustainable long term.

 

And it isn't Google paying for any of it. The aircraft are owned by the top 3 executives at Google and are managed through a separate company.

 

http://techcrunch.com/2011/12/11/googles-3-top-executives-have-8-private-jets/

 

And the deal for the airport land is being handled by a company that specializes in corporate aircraft support. Presumably they will also have clients other than the Google folks, and it won't matter of Google suddenly vanishes 10 years from now.

 

http://www.flysanjose.com/fl/about/newsroom/2013_releases/WestSide.htm

 

http://venturebeat.com/2013/02/09/google-execs-building-82m-airport-to-house-their-private-jets/

 

https://www.signatureflight.com/

 

Far too many news articles these days are misleading at best, and leave out rather significant details.

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Far too many news articles these days are misleading at best, and leave out rather significant details.

 

True....Thanks for those links. It does take time to read through things these days to get to the bottom of things.

 

Cheers


Matthew Kane

 

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