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