The Corporate Jet Investor Podcast
Welcome to the Corporate Jet Investor Podcast where we bring together some of our friends and colleagues from across the world of business aviation.
Hosted by Alasdair Whyte and brought to you by the team at Corporate Jet Investor. Winner of best digital offering in the 2020 Aerospace Media Awards. Connect with us at www.corporatejetinvestor.com
Producers: Olivia Leaning and Louisa Whyte
The Corporate Jet Investor Podcast
CJI Podcast #36: Johnny Foster | OGARAJETS | "I bought and sold 12 aircraft in the time it took to close the ESOP"
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Johnny Foster returns for a second appearance to discuss a major milestone for OGARAJETS: the transition to an Employee Stock Ownership Plan (ESOP).
After exploring private equity and other exit routes, Jonny chose the ESOP model to preserve the culture and legacy he and his father have built over 46 years. Some 30% of the company has now been transferred into a trust for employees, with more shares to follow over time.
He also shares the team's emotional — and ultimately celebratory — reaction to the surprise announcement.
On the wider market, Johnny is bullish on late-model aircraft through 2030, while flagging older legacy platforms as the segment carrying the most risk. He also hints at future growth through acquisitions, made more attractive by the significant tax advantages the ESOP structure provides.
Thanks for coming back on again Johnny!