EPISODE 2 | The Free Jet Myth & The Aircraft Popularity Contest | 8/28/25

Host: Jason Zilberbrand, President of VREF Aircraft Value Reference & Appraisal Services Introduction In this episode of The Truth About the Market , VREF CEO Jason Zilberbrand pulls apart two of the biggest myths driving poor aircraft buying decisions: the illusion of “free jets” through bonus depreciation, and the herd mentality of chasing the most popular aircraft rather than the one that fits your mission and budget. Jason brings over three decades of valuation expertise and market cycle experience to expose the hard truths behind aircraft ownership—and why Instagram hype, LinkedIn posts, and sales pitches often distort reality. Topics Covered 1. The Bonus Depreciation Myth How bonus depreciation actually works versus how it’s sold. Why you only benefit if you already have large, predictable taxable income. The realities of debt service, operating costs, and the IRS’s recapture rule upon resale. Why jets are never “free”—and how misusing tax rules can lead to massive surprises later. 2. The Aircraft Popularity Contest Why buyers often choose aircraft based on hype, brand image, or peer influence. The long-term pitfalls of buying too big, too old, or too trendy. Why the strongest buys are often the less “sexy” aircraft—trainers, turboprops, mid-cabins—with deeper support networks and lower operating costs. How fractional operators and fleet owners dominate certain markets and leave individual buyers holding the bag when values collapse. 3. The Reality of Aircraft Ownership The hidden costs and attention that come with operating a jet. Why ownership is never just the bill of sale—it’s ongoing maintenance, crew, support, and unpredictability. Jason’s own experience with the “honeymoon period” of ownership and how quickly the bills (and mechanical surprises) add up. Hear the podcast and see the full show notes at https://vref.com/news/episode-2-the-free-jet-myth-the-aircraft-popularity-contest-8-26-25/ Contact: 📧 Jason@vref.com 🌐 vref.com