Win a Presidential plane...

[iamsheikhadil]

Lets do some math.

6M tickets x $25/ticket = $150M then thats already a 20M profit. Well thats how business works.

No one can stop you if you do sell out your assets/properties etc. No matter what the cause is.
Asking if i would buy a ticket? No. its better to save it up yet we do know on having out of 6M chances.

It's just like how the lottery works but winning a huge plane is the problem because it will require an own airport to park it. So, the best choice if you don't want to house it is to resell it since you can't make it run if you don't know how to fly it. Some rich people would want to buy those tickets I'm sure but I don't think some minorities will try to buy one.

If we resell it to government, then surely government would not buy it back at 130 million (its real value) but at a far lesser price, let's say 110 million, so that's another 20 million dollars profit for government. Add to it that it can repeat the same to lottery again lol.

[maydna]

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The government probably made the ticket cheap and exaggerated the price of the plane to make the whole thing very hard to resist. 
I wonder if the story is true though. I expect people to be investigating the true worth of the plane, and whether selling it won't be that difficult

The government can make the ticket cheap and make it attractive so their people can interest in buying as much the ticket. They can announce in the local magazine or newspaper every day to attract more people to come.

Perhaps, some people will investigate, but for people who don't have much money, and don't think about winning the place, they will not buy the ticket because their life will be more important to use the money to buy the plane. If I thought, the presidential plane will be too expensive, and not all people who can buy that plane, and they must have a lot of money to buy that plane.

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well we are talking about the winability from Lottery to raffle is the issue,in raffle there is much chances of winning than in Lottery.

and besides this will be depending on  luck so even if how many ticket you buy(not unless you buy all the ticket lol)so the chance of being a winner is for everyone who will be participating the game.

the question is how many ticket will be needing to be sold before they pursue in raffle?do they need to sell all the 6 million ticket?or will they allow smaller volume to start the raffle.

People who buy that ticket will be limited to some amount, and they cannot buy all of the tickets because the government will not let that happens. The government wants to see that it is fair so all of the people can buy the ticket with some number of tickets.

I guess they will sell all the 6 million tickets or perhaps, they will calculate how much money they can get from the tickets so they can close the buying time.

[smyslov]

If we resell it to government, then surely government would not buy it back at 130 million (its real value) but at a far lesser price, let's say 110 million, so that's another 20 million dollars profit for government. Add to it that it can repeat the same to lottery again lol.

That's possible, but if the winner is an enterprising guy he can make a business out of it, he can rent to major airlines or he can set up his own airlines, I'm pretty sure the bank will lend him money to set up his business, with the plane as the collateral or he can resell it at 105 lower or even 20%.

[BChydro]

Mexico could raffle his presidential plane, the idea is to sell 6M tickets of $25 dollars each one, and the winner gets a presidential plane evaluated in $130 million.
This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.
What do you think would you buy a ticket?

If people are purchasing the raffle then it is to help the president fund the project as no one will be able to resell without any prior experience in the field and it is not an easy job as the maintenance and other headaches that come with it is huge. They could have sold that through an auction where people will only bid if they are able to purchase it rather than giving away as a raffle. Either way i bet the raffle will be won by the someone close to the authorities and they are conducting this to get funds and that is what i think .

[YOSHIE]

I have seen this news in a well-known media, about the plans of AMLO, Mexico who want to sell the presidential jet by raffle (lottery), in bandrol at a price of US $ 25/sheet, The weirdest thing to me is that this lottery has been auctioned for almost a year, but no one has been interested in buying the plane yet.

This is a strange event for me, even though Mexico is a country that has a successful businessman.

When this news was released many people in Mexico did not believe it, alias the president was joking, but in reality this is true for those who won the Boeing 787 Dreamliner can take it home.

I think because it hasn't been won for a year, this lottery is, perhaps, in terms of very high operating costs for aircraft, parking, etc.
spending more money when the plane is sent home.

[Reatim]

The weirdest thing to me is that this lottery has been auctioned for almost a year, but no one has been interested in buying the plane yet.

i think what you mean by that highlighted word is 'PLANE" and not lottery mate?but yeah it has been year when it was first auctioned and been offered to US president Trump or maybe other prominent people also but denied to find buyer.i think the price is too high or the plane is too old for them ,and instead of buying that plane they would prefer buying brand new.

This is a strange event for me, even though Mexico is a country that has a successful businessman.

we don't know whats the original plan of MExican president here ,that is why he is selling the service or he might have plan buying newer model.

When this news was released many people in Mexico did not believe it, alias the president was joking, but in reality this is true for those who won the Boeing 787 Dreamliner can take it home.[/color]

I think because it hasn't been won for a year, this lottery is, perhaps, in terms of very high operating costs for aircraft, parking, etc.
spending more money when the plane is sent home.

this will be the Biggest gambling occasion of the year if this 6million tickets will be sold out costing 150million dollars,huge amount perhaps.

[NeuroticFish]

I have seen this news in a well-known media, about the plans of AMLO, Mexico who want to sell the presidential jet by raffle (lottery), in bandrol at a price of US $ 25/sheet, The weirdest thing to me is that this lottery has been auctioned for almost a year, but no one has been interested in buying the plane yet.

This is a strange event for me, even though Mexico is a country that has a successful businessman.

When this news was released many people in Mexico did not believe it, alias the president was joking, but in reality this is true for those who won the Boeing 787 Dreamliner can take it home.

The maintenance and parking for such an airplane costs a small fortune. It's all proportional with the size and age. I think that this is the reason business men didn't hurry buy it. They can get cheaper, newer, smaller aircraft.
If the raffle is a success, they get more money than a sale or auction would have got. And the new owner will have to sell it too (because of the maintenance), but this time he can afford to sell it very cheap.

I don't think that this was mentioned, but I think that the odds of winning are much better than the typical lottery.

[robelneo]

I don't think that this was mentioned, but I think that the odds of winning are much better than the typical lottery.

If I am a Mexican will try my luck by buying more tickets that I can, $130 million worth of airplane is a huge jackpot, I can sell it half or might even do a lottery of my own, I'm sure those who participate in the first lottery will bet more in trying to win this Presidential airplane, but whoever win this airplane will become a big celebrity because this is the first time a guy won a Presidential airplane through lottery.

[NeuroticFish]

If I am a Mexican will try my luck by buying more tickets that I can

25$ is still some money and it's a raffle, so there's also the (quite big) chance you lose all that money.
Imho "buying more tickets that I can" is not the way to go. Like in every type of gambling, moderation is the key: don't force your luck by putting in more money than you afford to lose.

[bitgolden]

Even Im win that presidential plane if I purchased 1 entry for $25 I did not know how to drive a plane so I will sell it to others to earn money.

For sure many people buy ticket and spend a bunch of money to win that plane but the probability is very low but the more tickets that you buy purchase the more chance but don't expect to win because of the 6Million tickets total. I want to know in the future who's gonna win.

I am not sure about that because to have a plane, and they need to think about the hangar, the cost that the plane needed monthly, and else. If they don't have much money as a billionaire, it will be difficult to pay all of the costs, including the tax.

Besides that, the ticket cost is $25, and I think people would save their money for another thing than to buy the tickets. But that will be different for people who are addicted to gambling because they will try to buy the ticket and expect to win the plane.

There would be huge maintenance for that plane specifically speaking because it is a extra big size and it would needs millions for one time servicing. That plane would only be profitable to purchase for some huge owners of Airplane firms.

There would be no benefits for a normal person to buy or to win that plane excluding with the perspective of re-selling it. Even millionaires or billionaires would never buy this kind of plane but instead they might go for private jets or something like this which would be convenient for them to store as well as to maintain them. Huge planes are only beneficial for higher Air-traffic which would only be necessary with some International Airport authorities.

[arwin100]

Even Im win that presidential plane if I purchased 1 entry for $25 I did not know how to drive a plane so I will sell it to others to earn money.

For sure many people buy ticket and spend a bunch of money to win that plane but the probability is very low but the more tickets that you buy purchase the more chance but don't expect to win because of the 6Million tickets total. I want to know in the future who's gonna win.

I am not sure about that because to have a plane, and they need to think about the hangar, the cost that the plane needed monthly, and else. If they don't have much money as a billionaire, it will be difficult to pay all of the costs, including the tax.

Besides that, the ticket cost is $25, and I think people would save their money for another thing than to buy the tickets. But that will be different for people who are addicted to gambling because they will try to buy the ticket and expect to win the plane.

There would be huge maintenance for that plane specifically speaking because it is a extra big size and it would needs millions for one time servicing. That plane would only be profitable to purchase for some huge owners of Airplane firms.

There would be no benefits for a normal person to buy or to win that plane excluding with the perspective of re-selling it. Even millionaires or billionaires would never buy this kind of plane but instead they might go for private jets or something like this which would be convenient for them to store as well as to maintain them. Huge planes are only beneficial for higher Air-traffic which would only be necessary with some International Airport authorities.

The benefit can get by the winner is he can resell it and imagine how huge he can get for only $25 but for sure the chances is so thin since imagine 6 million tickets are at stake and maybe there are more people will buy more tickets since the price will give them a million dollar profit if they re-sell it. But seriously speaking it's a huge pain in the ass if the winner will use it for personal use since for sure maintenance will be knocking on their doors.

[Genemind]

Even if I won it, where would I get the money to house it, maintain it, fly it, etc? I guess that I can always re-sell it :-)

Selling it again is the most choice of the potential winner unless he has a mansion that can park this plane or an acres of land.

And the problem will be passed to you and how could you even sell it? probably at a lower price now or might have a 50%-90% discount to become easier to sell it to plane airlines company that would want to use it.

I think there will be other countries and governments who would refer to buy it instead of putting it as a raffle grand prize. They could still sell it at a profitable rate. That's the reason why the government should think a couple of times before acquiring and accumulating government assets.

[Oceat]

Lets do some math.

6M tickets x $25/ticket = $150M then thats already a 20M profit. Well thats how business works.

No one can stop you if you do sell out your assets/properties etc. No matter what the cause is.
Asking if i would buy a ticket? No. its better to save it up yet we do know on having out of 6M chances.

It's just like how the lottery works but winning a huge plane is the problem because it will require an own airport to park it. So, the best choice if you don't want to house it is to resell it since you can't make it run if you don't know how to fly it. Some rich people would want to buy those tickets I'm sure but I don't think some minorities will try to buy one.

If we resell it to government, then surely government would not buy it back at 130 million (its real value) but at a far lesser price, let's say 110 million, so that's another 20 million dollars profit for government. Add to it that it can repeat the same to lottery again lol.

I don't think the government would actually going to buy it if the winner wants to resell it to them back. But your speculation might be possible though if the government would actually to buy it but with a lesser price than the original.
But let's not forget that there are rich people out there also who wants that big plane on their courtyard. I think it's up to the winner what is his decision.

[wozzek23]

My calculation shows that the Mexican president is much wise in terms of making financial decisions. This actually attracted me for the first time when i read but my calculations made me lose faith. Selling 6M tickets work $25 each would accumulate $150 million and the actual evaluation of the plane is $130 million. This would really be a wise deal and I do not really think many of the peoples would purchase the tickets.

Large investors might buy packs of tickets just in order to get their hands on the plane but speaking in favor of normal people, I do not think those might buy those tickets. This is actually a business strategy being used by the Mexican president in order to have maximum profits as well as to sell the plane at an effective price.

[o48o]

Mexico could raffle his presidential plane, the idea is to sell 6M tickets of $25 dollars each one, and the winner gets a presidential plane evaluated in $130 million.

This crazy idea is because the Mexican president wan to sell the plane to spend the money on other projects.

What do you think would you buy a ticket?

Sources:
https://robbreport.com/motors/aviation/mexico-may-raffle-off-presidential-plane-2893600/
https://www.theguardian.com/world/2020/jan/17/mexico-amlo-presidential-plane-raffle

I live in apartment building so i am not sure where i would park that. It's looks pretty much twice a size of our parking lot. Sure that would beat a bus to work i guess but i can see all kinds of problems with logistics. Maybe i am not the right target audience for this.

[maydna]

I am not sure about that because to have a plane, and they need to think about the hangar, the cost that the plane needed monthly, and else. If they don't have much money as a billionaire, it will be difficult to pay all of the costs, including the tax.

Besides that, the ticket cost is $25, and I think people would save their money for another thing than to buy the tickets. But that will be different for people who are addicted to gambling because they will try to buy the ticket and expect to win the plane.

There would be huge maintenance for that plane specifically speaking because it is a extra big size and it would needs millions for one time servicing. That plane would only be profitable to purchase for some huge owners of Airplane firms.

There would be no benefits for a normal person to buy or to win that plane excluding with the perspective of re-selling it. Even millionaires or billionaires would never buy this kind of plane but instead they might go for private jets or something like this which would be convenient for them to store as well as to maintain them. Huge planes are only beneficial for higher Air-traffic which would only be necessary with some International Airport authorities.

When we are speaking about maintenance for that plane, of course, it needs a huge cost, and not all people have money to do that. If the airplane company can buy the airplane, perhaps, that will be useful because that company can use it for the commercial things that can give them more profit.

I think the same as you. The millionaires or billionaires will buy private jets than to buy the ticket or buy the plane because comparing with the cost by the plane or the jets, and they would spend the cost of the jets. But the final result for the winner will make people curious.

[Clark05]

Even Im win that presidential plane if I purchased 1 entry for $25 I did not know how to drive a plane so I will sell it to others to earn money.

For sure many people buy ticket and spend a bunch of money to win that plane but the probability is very low but the more tickets that you buy purchase the more chance but don't expect to win because of the 6Million tickets total. I want to know in the future who's gonna win.

I am not sure about that because to have a plane, and they need to think about the hangar, the cost that the plane needed monthly, and else. If they don't have much money as a billionaire, it will be difficult to pay all of the costs, including the tax.

Besides that, the ticket cost is $25, and I think people would save their money for another thing than to buy the tickets. But that will be different for people who are addicted to gambling because they will try to buy the ticket and expect to win the plane.

There would be huge maintenance for that plane specifically speaking because it is a extra big size and it would needs millions for one time servicing. That plane would only be profitable to purchase for some huge owners of Airplane firms.

There would be no benefits for a normal person to buy or to win that plane excluding with the perspective of re-selling it. Even millionaires or billionaires would never buy this kind of plane but instead they might go for private jets or something like this which would be convenient for them to store as well as to maintain them. Huge planes are only beneficial for higher Air-traffic which would only be necessary with some International Airport authorities.

I know if the person who are not millionaire won that Presidential Plane it's hard for him to pay the maintenance for that plane everymonth but I believe that they still people who are buying ticket even they are not rich because they want to win that plane maybe they have plan to sell it once they get that so they can make huge profit and turn into millionaire $25 is good to buy other things but they take risk that money for hundred millions dollars cost of plane.

[kotajikikox]

Can non Mexican residents buy tickets? I think it would be a hell of a fun lotto to be a part of, winning a plane would be weird, I probably would just sell it immediately for half its value or something of the sort. (I definitely wouldn't use it to fly around in, no way, I get nervous enough when the new commercial flights hit hard turbulence.)

same thoughts here mate,if this is also available for other countries because we may consider buying since that is a cheap ticket and also is there a chance to have a option buying using Bitcoin or cryptocurrency?
would love to have at least 3-5 tickets in my name.

though there might be a problem shipping the ticket for farther countries.

[Question123]

Wow the value of the Presidential plane was $130 Million and that is huge money. But for the 6 million tickets and only 1 lucky winner that is very lucky for the person who gonna win that prize. What is the status of the ticket selling how many are sold and left? $25 each ticket Is good for the others but for the ordinary people it is good to buy some their needS in home.

[Fundamentals Of]

Wow the value of the Presidential plane was $130 Million and that is huge money. But for the 6 million tickets and only 1 lucky winner that is very lucky for the person who gonna win that prize. What is the status of the ticket selling how many are sold and left? $25 each ticket Is good for the others but for the ordinary people it is good to buy some their needS in home.

$25 is cheap or expensive depending on where you are located in the world. I am not sure how big a deal that amount in Mexico where the lottery is taking place. But I am sure there will still be buyers because the value of that plane is too high it cannot be compared to $25. But the chances is too low. A single ticket has a single chance out of 6 million. That is close to impossible to win.