David Chaimovitz
@davidchaimovitz
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Inc. 5000, FT, Crain’s, Airline Economics recognized entrepreneur. Founder/CEO at Setna iO(world’s largest privately held airline part supplier), dad, husband
Chicago, IL
Joined April 2012
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Proud to have my name, along with other Chicago business leaders, on this open letter to
@Brandon4Chicago
in today’s
@chicagotribune
denouncing the asinine call for a cease fire against the evil terror group Hamas.
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@Lea_Suzuki
@thejdmorris
@sfchronicle
The mask is always a sign that they really understand what is going on in the world.
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@IolaElla
@BringChiHome
@BuildCoffee
It’s amazing how the mask has truly become the left wing MAGA hat.
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@CollinRugg
@MickamiousG
He has a Gulfstream G550. Range is 6,700 nautical miles or around 14 hours in the air….he could go VERY far without refueling.
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We just purchased the monster
@Airbus
A380-800. This aircraft was operated for the duration of its short life(2010 date of manufacture) by
@lufthansa
.
It was powered by 4x
@RollsRoyce
Trent 970 engines that each produce around 80,000 pounds of thrust.
This aircraft was another…
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@DanielLaSpata
Why are you focusing on a war in the Middle East that you cannot effect? Approximately 1 in 1000 Chicagoans were shot in 2023. Focus your energy where you have influence and jurisdiction.
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We are glad to hire Ivy League or state school grads. However, we are very much going to look at your social media. Many people aren’t “cultural fits.” This strategy has worked for 8+ years and 350+ employees. A little due diligence on hires has led to zero HR/culture war BS…
Forbes finds 33% of employers are less likely to hire Ivy League grads than they were 5 years ago, compared to 7% who are more likely.
42% say they’re more likely to hire state school grads.
The rationality of the market will strike back at the fantasy world of the academy.
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We look to hire the 23% of people that are interested in working. Maybe that’s why we’ve grown revenue by 200x(not percentage) since 2016, and operating income by 800x(again 800 times, not percentage).
If you can make work fun, fulfilling, and gratifying many people DO want to…
77% of Americans want a 4-day workweek.
Even corporate CEOs agree: it's the future.
Workers are 400% more productive than we were in the 1940s. They are also stressed out, anxious, and exhausted.
It's time for a 32-hour workweek with no loss in pay.
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@CPD1617Scanner
People understand incentives(and lack thereof). Disincentive violent crime, and it will drop. This isn’t that hard to figure out.
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@cenkuygur
The Palestinian people voted for Hamas, an active Islamist extremist terror group who has squandered approximately $30,000,000,000 of aid on terror tunnels and rockets fired indiscriminately at civilians. How have they shown they’re capable of self governance?
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@nickkokonas
The accelerated depreciation a business takes on equipment like this will cause a major revenue decline to the IRS, particularly as this is coupled with lower payroll tax & income tax paid by employees. Negative double whammy for the governments coffers.
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@MeghanMcCain
This is an asinine comment. There was likely a maintenance issue or pre flight check that was missed. This is NOT even a Boeing 737MAX, it is a 737-800 that has been operating very safely for 20+ years. Stop fear mongering.
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@StuLoren
The systemic failures and root causes of this case could be stopped with a common sense justice system that keeps violent people in prison. This isn’t that hard.
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@Stealx
This was glaringly obvious during the election. It’s a shame we’re now dealing with the consequences.
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@Austin__Berg
I’ve lived in Chicago for the last 13 years. I cannot figure it out. Minimal development, most crime in any big city, horrible leftist policies…however, it’s still incredibly vibrant and l bustling. I hope we can find leadership that embraces growth. The city has soul.
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@RossanaFor33
@ChicagosMayor
The leftists of Chicago doing what they always do…virtue signaling without an actual understanding of reality while abdicating their duty to their constituents.
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@MailOnline
This policy will not make anyone’s lives better or more productive. It will simply further drive out families who value a competitive academic environment for their children. This will continue to weaken the tax base, leaving less resources for the people who need it most.
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@StuLoren
The money will just be siphoned into the black hole that is our city government. Oppose any and all new taxes in Chicago. Add revenue by drawing more people and business to Chicago, not by taking more from the people already here.
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These are the same exact tents in both Ann Arbor(Michigan) and NYC(Columbia). This means there is some central means of control/finance here. Who is responsible for this?
Antisemites at the University of Michigan couldn't let their fellow Jew hating bigots at Columbia, Yale, and MIT outshine them.
Pictured: calls for more violence against Jews at tent city in Ann Arbor.
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As a season ticket holder, the Bears should be in the city. Chicago needs development, and this is an incredible opportunity to invest downtown that will spur a generation of growth.
More than just a stadium.
With 14 acres of new athletic fields and recreational park space, this project will provide Chicago families with a place to gather and play.
#StadiumForChicago
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Normal day today. We bought 5x
@Airbus
A319-100 airframes for disassembly in Arizona. These 18~ year old aircraft have highly upgraded components, many of which are compatible with the current production NEO fleet. Surprisingly, I’d estimate that 60% of the parts on an 18 year…
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Last night at the
@msichicago
was epic. 2000+ people at our party. There is no better industry than
#aviation
.
@AviationWeek
keep MRO Americas in Chicago. This event shows people from around the world we are an elite city.
#chicago
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Our latest buy,
@Boeing
767-300ER last operated by Boliviana de Aviacion(100% government owned civil airline). This is an old plane, DOM 1994. It had a long life operating for TACA,
@AirCanada
,
@Alitalia
, Business Air Thailand, SBA Airlines and finally Boliviana. Although a 30…
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@Suntimes
@NaderDIssa
So are they going to vote for a Republican like Donald Trump then? Cut off one’s nose to spite one’s face….
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@StuLoren
The city will continue to lose families who value a competitive academic environment that may not be able to afford 40k a year private school tuition.
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@robertkschmitz
I’m just confused as to why he was only worth a 6th round pick. He’s clearly a top 20 QB if not higher. Might as well kept him as a backup if we only got a 6th.
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@Stealx
I would imagine Foxtrot will owe many of these small businesses money which they’ll now never collect. Sad for the employees, vendors, and city. That being said…who ever thought a VC backed money losing grocery store was a good idea? Operating income is everything in business.
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@HeatherCherone
@wttw
This is so typical and expected. Is there a reason why they haven’t had votes on violent conflict in Syria, Yemen, Sudan, or Somalia? How about the daily bloodshed in our own city? Crickets
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@cenkuygur
Israel has liberal, multicultural values. Hamas is a death cult. Hamas will never love Israel. Hamas simply will be forced to respect Israel’s power. This is not a group you can find common ground and negotiate with.
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@luiswenus
@Austen
I had an average GPA in high school but would consistently score 98-99% on standardized testing. It was due to a lack of interest which translated to poor effort. Since finding something I love, I’ve become a relentlessly hard working CEO and founder with hundreds of employees.
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@illinoispolicy
@ChicagosMayor
This is an amazing win for sanity in Chicago. No more tax increases. Don’t take more of anyone’s share(already one of the highest taxed places in the country). Expand the pie!
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It is remarkably ironic that the most “progressive” people in America are raising the flag of a religious caliphate that openly calls for the murder of the LGBTQ community and religious/ethnic minorities.
The University of Tehran's satellite campus in Harvard Yard is officially open.
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@AJManaseer
Nice meeting you today at this event. This is the most important election for any office in Chicago or even Illinois in a generation.
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Last week's interview with trade publication Cirium. We are looking forward to building this new part of our business.
Cirium | INTERVIEW: Setna iO chief outlines plan for new leasing business
By Oliver Clark
New entrants into the aircraft and engine leasing sector are always…
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@us2traveller
@Airbus
@lufthansa
@RollsRoyce
We bought it for less than the parts will be worth once we process through the wildly complex global supply chain…hopefully!
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@AJManaseer
There are just way too many numbers here for the YES people to understand what’s going on.
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Newest acquisition. An
@Airbus
A320-214. This aircraft was manufactured in 2000, and operated
@GeneralElectric
@SAFRAN
CFM56-5B engines, the most popular type for narrow body airframes. This plane operated for Air 2000(never heard of them), First Choice Airways(same), Thomas Cook…
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@Aizenberg55
Hamas dresses as civilians, hides behind them, and is 100% at fault for the loss of both Palestinian and Israeli life. This tragedy furthers the narrative that precise targeting of militants with no collateral damage is impossible due to Hamas’ use of civilians as…
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@repdeliaramirez
How are you going to expect to have a diplomatic solution with wildly violent Jihadist group(Hamas) who don’t share a single liberal value with Israel or the rest of the western world?
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@thenyboy
@Airbus
@lufthansa
@RollsRoyce
Personal use?? LOL no one would personally fly a used Airbus A380. This plane seats 800+. This is being torn down for parts. But I guess you could retrofit it for personal use for 50M? Just a guess
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@DrayDrayW
Yes, for sure. If you’re racist, anti semitic, or a communist, I don’t want to work or be associated with you.
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Latest buy. 1x
@prattandwhitney
PW2037 engine. The first model type rolled off the line in 1981. This specific serial number was manufactured in 1998, and flew 68,000 hours and nearly 20,000 flight cycles(up and down) for
@united
on their
@Boeing
757 fleet. It had one major…
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@StuLoren
This won’t happen with our current administration. They are more interested in sucking as many resources out of the existing tax base as they possibly can, instead of working to increase the tax base.
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We just purchased this
@Airbus
A319-100 MSN 1936 tail N285GX. This aircraft is 21 years old and is currently an on lease asset to
@Globalcrossingx
It is currently about to takeoff from Miami and will head to San Juan, PR.
This aircraft will be in service for the next 18~…
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#shotspotter
provides emergency responders with the ability to respond quicker in situations when someone is shot and the police are not called. The time/distance to a trauma center is directly correlated with surviving a gun shot wound.
1/2….
I visited a real-time crime center in Chicago last month. It's where analysts oversee the technology available to the police. At 1 pm on a Thursday, the Shotspotter alarm went off, indicating gunfire. With a pole camera 100 feet from the shooting, the analysts were able to have a…
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@Austin__Berg
@illinoispolicy
@ChiPubSchools
Crafty work by the CTU. Kids will do anything for a day off of school.
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People often ask why we’re successful or what differentiates us from our competitors. I can’t always say for sure, but I know NOT doing this helps.
2pm on a Tuesday in Austin
Work from home culture here is STRONG ☀️
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The upcoming election between
@EileenCookCnty
and Clayton Harris is of utmost importance for the future of Chicago. Harris will continue Kim Foxx’ weak on crime policies which have directly lead to an extra 2500~ murders over the last 8 years vs. the prior 8.
I'm a Democrat, former prosecutor, defense attorney & judge who took on the Catholic Church to hold those who abused children accountable.
I'm running for Cook County State's Attorney to go after illegal guns, prosecute violent crime & address the root causes like mental health.
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This type of widespread behavior from the far left is driving previously liberal Democrats to rethink their political alignment. Supporting violent terrorist groups probably isn’t very popular.
For 4 days the pro-Hamas mob
@Columbia
has taken over our campus. No one bothered them. Saturday night, we went out with Israeli flags for one hour. They stole our flag and tried to burn it, my brother was assaulted, and Jewish students were splashed with water. Public safety was…
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@nickkokonas
These people live in a dream world. Socialism runs in direct contrast to pragmatism.
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@richimedhurst
When I see a take like this, I’m just confused. Why would someone be pro Islamist attacks on civilian cargo ships? Even if you deeply hate Israel for defending itself, these ships have no link to Israel. The crews on these boats have families. This is a twisted opinion.
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An interesting discussion with myself and
@CraigPicken
on the commercial
#airline
#aviation
aftermarket and how we profitably built our company from $0 in 2016 to over $300,000,000 in revenue over the last 12 months.
#business
#Entrepreneurship
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@dig_deeper1
@us2traveller
@Airbus
@lufthansa
@RollsRoyce
8 years of working 12 hours a day while building a team of 200~ people!
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@MarkJacob16
How were vaccine mandates, business closures, mask mandates(including for 2 year old babies in preschool), school closures, and lockdowns “exemplary?” All of this proved to be totally ineffective at stopping COVID while causing massive harm.
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@BebopOtt
In theory, this is true. However, increasing cost of development only discourages the building of more housing supply, causing upward pressure on existing housing. This tax would cause less housing to be built, and higher housing costs.
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It looks like we have an AOG Technics part 2. More “fake” aircraft parts entering the market. SoFly Aviation created fake FAA return to service certificates and sold these non-certified parts as certified parts to the aviation supply chain for 7~ years.
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@nickkokonas
Leftists/progressives are typically highly caring and empathetic people that lack critical thinking skills while being ignorant to facts and 2nd order consequences for an issue that “feels good.”
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@BlackLabelAdvsr
I’m sure this will work out well in 5 years. These are clearly reasonable and well adjusted members of society who definitely won’t cause HR disasters and lawsuits. Good luck welcoming leftist activists into your company.
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We are excited to announce our new aircraft leasing unit.
@AviationWeek
We will be one of the only companies in the world doing aircraft leasing, component supply at scale, and FAA 145 MRO in house with our own balance sheet.
#boeing
#airbus
#MRO
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@Tim_Denning
This is a recipe for failing at business for the vast majority of people. Why strive for mediocrity? Setting ultra challenging goals and putting in the effort to see them succeed provides me with a huge amount of satisfaction and happiness.
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Progressives although highly empathetic with typically good intentions seem to lack the ability to understand 2nd and 3rd order consequences. Raising taxes incentivizes the major contributors to the tax base to move, therefore decreasing the total size of the pie and resources…
1/8 What the “fair share” crowd doesn’t appreciate is that the people and businesses they villainize (1) contribute the most to city revenue and (2) are also relatively mobile. Further, any additional tax that reduces economic vitality threatens to only worsen homelessness.
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@BillAckman
Sounds like a great plan, but this lacks pragmatism. World class Mediterranean resorts in New Gaza seems far fetched when the average Gazan supports the October 7 massacre and Hamas.
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@RichardHanania
Young people will forget about Israel and focus their energy on the “next thing” (masks, vaccines, BLM, Ukraine, trans) whenever this conflict ends.
Elite, wealthy, powerful Jewish people won’t forget this. This will move them significantly against Leftism for decades.
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@GLNoronha
Tearing down posters of kidnapped children by a terrorist organization shows implicit support for these grossly evil actions.
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I don’t exactly trust the media, but even I’m surprised than an Al Jazeera journalist was holding a young Israeli woman as hostage in his home.
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@AJManaseer
@Boeing
@easyJet
They can be lucrative, if you have a 1,000+ direct airline customers, 750+ repair vendors, and hundreds of people managing a wildly complex supply chain around the world with deep knowledge on maximizing every last dollar on every component on the aircraft!
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As usual, progressive policies fail to see past the first order of consequences. There are 5000 people shot a year in Chicago. How many more will die due to a delayed ambulance response? I don’t know the number, but it more than zero.
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This is the interior of a
#boeing
737-800. It’s being gutted and is in VIP configuration. This aircraft was manufactured in 1998, and is one of the first 150~ of 7,000
#737ng
made.
Normally a
#737
-800 would seat 175~ people for an airline like
#southwest
This one will seat 16.…
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@312Staffers
@Suntimes
@ChicagosMayor
This is a paid advertisement. I wonder who is footing the bill.
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@ericmetaxas
Boeing is not an engine maker. The aircraft is 8 years old and that engine has probably been in service for 20,000 hours. It held up remarkably well and landed safely. This is a testament to Boeing, not a knock on DEI.
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@ErikKaiser
@Boeing
@AirCanada
@Alitalia
Yes, there is a significant cost. Typically in the hundreds of thousands of dollars range for a disassembly. Repairing each subcomponent from landings lights to avionics to thrust reversers can cost $500 to $250,000 each!
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@sulemanali
@Boeing
@AirCanada
@Alitalia
In theory you could. However, the maintenance would probably cost $25,000,000 with engine and airframe restorations. It’s much more economical to part out.
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@_GXM
@robertloerzel
My dad’s business has been kitty corner from these silos since 1976. One of the last industrial users in the area. I remember this area as totally grimy and old school industrial from the 90s!
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@visegrad24
America welcomes free speech. It’s an added bonus that the terrorists willingly expose themselves so law enforcement can monitor them.
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Thanks
@AviationWeek
for the feature on our new HQ.
I’m happy to have invested in
#illinois
#aviation
#airlines
#aircraft
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@GPanayoti
@Airbus
@lufthansa
@RollsRoyce
All airlines that are run as businesses buy refurbished parts. We repair some of our own at a high tech repair shop we opened in Tempe, AZ with FAA approval .
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@JohnLeePettim13
Is this assuming they will work at full power 100% of the time, or does this also include battery storage? Does it include increased transmission costs as well from the de-centralized generation centers?
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@chigrl
This just makes American banks more profitable while making the UK banks less prosperous.
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@AldermanHopkins
Brandon Johnson won the election with 17% of all possible voters. He doesn’t have the ability to critically think through complicated situations, and consistently makes boneheaded errors that could have been easily avoided. Voter apathy brought us here.
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@mhp_guy
This only works if the population continues to increase, which definitely isn’t a given. You could also buy public equities and debatably outperform these far flung real estate plays.
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@SigchoFor25
This is an excellent example of progressive leadership, and is a case study of why voting for progressives is a terrible idea.
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@sweatystartup
We constantly talk about generating value versus extracting value. This is spot on.
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@StuLoren
I love free speech.
@ByronSigcho
shows the entire world who he is and what he stands for. This delusional man needs to be voted out.
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