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> Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft. Any guess how much of tha
by usrusr 3y ago
> Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft.
Any guess how much of that money actually went into operating the aircraft, and how much was skimmed by the CEO? Madness either way, but we can't have it filed under the wrong kind of madness, right?
- bryanlarsen 3y agoIf he's skimming, it's not enough to immediately stand out. They reimbursed $1.3 - $1.8 million per year, which is about how much it costs to operate a private jet.
- bombcar 3y agoA random search indicates that the amount is well within annual parameters: https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=IAI-1126 https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=... Note that the capital outlay for a jet is a minor portion of the total operating budget over the years. Fuel and crew is the major component especially with smaller jets.