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Davido Lied! He Can’t Afford The Acquisition And Maintenance Of A Private Jet, See Why- Pas Chikero

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Davido Lied! He Can’t Afford The Acquisition And

Maintenance Of A Private Jet, See Why- Pas

Chikero Nigerian Entertainers love to create hype

with things that only exist in their minds.

Psquare once misled Nigerians to believing that

they have a private jet only to later admit they

didn’t . David Adeleke a.k.a Davido is doing just

the same.

He tweeted a photo of himself sitting OUTSIDE a

private jet ,mind you not inside. saying: Now this

jet can in no way belong to Davido because he

doesn’t make enough money to acquire and

maintain a private jet.

First of all he doesn’t make as much money as a

John Mikel Obi makes yet Mikel doesn’t have a

private jet because buying a private jet is not the

only expensive aspect, you need to spend good

money annually to maintain and manage the iron

bird.

Unless the jet belongs to Davido’s father but

Davido can’t afford to have one. In fact there is

no Nigerian Musician whose income is from just

music can afford a private jet. This is why: After

setting your account back to acquire a private jet,

you start worrying about maintenance and

management.

It is expensive to maintain a private jet, you will

pay for hanger, pilot and crew, Insurance etc ,

obviously the expenses varies wildly, depending

on the aircraft being used but roughly Pilots and

Crew will cost around $500,000 per year.

Insurance – this can set you back up to $400,000

per year. Management Charges – this can cost

between $125,000 and $250,000.

They may be able to charter out the plane when

not in use which will recoup some costs

back.Training and Maintenance – this will add

another $400,000 annually.Fuel Costs – Depends

where you fly, but will cost at least $1,500 per

hour. 400 hours would be $600,000.Catering –

Add $10,000 for food and beverages (again there

are no limits)Other Costs – Landing Fees, Airport

taxes, Hangar rent, Weather Forecasting.

So operational costs would come to around $3

million per year and more for larger aircraft.

Davido definitely can’t spend almost N400 million

annually on private jet alone! He might not even

muscle that out in a single cheque ! So why the

deception Davido? Please don’t build your career

with lies. You are doing fine without the lies.

It is big enough if you were chartering it, lying that

it belongs to you is ludicrous!

 

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