I.T.

...Royal Dutch Shell recently saying it would lay off

10,000 workers as it mergers with BG Group,

but that it will at least maintain its payout this year.

BP, Exxon Mobil, Conoco, Phillips, and Chevron...

- It's open. - ...have all taken similar steps to...

Hey, Patrick, good to see you.

- Good to see you. - Thanks, sit down.

Help yourself.

I'm grand, thanks, grand.

So, I spoke to Michael Arndt, SEC compliance.

He says you're four to three at the moment, it looks good.

All right, anyone with him?

Yeah, all except Patricia Warren.

- Well, that's a pity. - No, no, he says she's, you know...

flexible.

Just needs a little nudge, right direction.

She's yours.

It's a done deal.

You've got the SEC in your pocket, Mike.

Thanks a million.

Self-made aviation tycoon...

...Mike Regan, is taking his private jet business to an even higher altitude.

The latest development, Regan is taking his company public.

So will investors bite?

This is Marketplace, I'm Kai Ryssdal.

Here's one for you, Mike Regan, a 52-year old owner of the private jet business

that bears his name is about to take his company public.

He's launching an app for millionaires, I suppose,

that'll let 'em book a jet the same way you and I would book an Uber.

Is it gonna work? I have no idea.

He needs cash and some deep-pocketed investors,

but they are his regular customers.

Not to be left out, Regan needs the SEC to sign off on that IPO.

On to aviation news now.

Private jet maverick, Michael Regan, is set to go before

the U.S. Securities and Exchange Commission next week.

He's seeking the green light to bring his private aviation company public.

Will it work? The SEC will decide soon.

Frequently sought, leaving...

- Hey. - Hi, Rusty.

How'd it go?

Yeah, all's good, all's good.

Aren't you gonna head to school today?

Mm-hm.

Just one more cup before I face the kids.

- Morning, sunshine. - Hey.

Hey.

Hey, whatever happened to "Good morning, Daddy"?

I'm not a little girl anymore.

Oh, no? Who told you that?

Okay, can I just get a coffee pot for myself?

Just my own coffee pot? That'd be great.

Would you look at that? You're an amazing woman.

- It's easy. - Hey, can I get a new phone?

Oh, sure. What color would you like?

Really? Because Lance has the...

Hilarious.

- All right, Lance is here, I gotta go. - Mm-mm, finish your breakfast.

- No, I got school, I gotta go. - Finish your breakfast.

Hey!

Dad, can you have someone fix the wifi?

It's crazy slow.

- That is not okay. - She's 17.

I'm gonna grab a shower. Then I'm gonna jump straight into this thing.

I gotta go, but I'll kiss you, forever and a day.

See ya.

It's a real rags-to-riches story and investors, they want in on this.

Well, you've said that if the SEC

approves the initial public offering, the company is going to be valued

in the hundreds of millions of dollars.

How will Regan generate earnings?

Well, there's an app for that.

Regan has what I think is a genius...

Good morning, everyone.

My name is Mike Regan. I own this company.

Now, I know you're all here

to listen to me talk about this brilliant app we've invented.

But, right now,

I want to talk about flying.

Frank, you took your first solo flight at 16,

single-engine ticket at 17, am I right?

Alan, certified at multi's at 22,

and jets at 28.

And then we have Lizzy here,

the first female G550 driver.

We love to fly, it's the freedom of it all.

It changes you.

You're not fixed on the ground like some rock.

You're as free as you'll ever be.

But it's expensive, isn't it?

I'm gonna take this business and blow it up and invent a new one.

Let me show you the future.

Private aviation.

What if it could be made even more efficient?

What if your investment could be put to work for you?

What if there was a way to make your jet work for you?

Now, there is.

Introducing the Omni Jet mobile app from Regan Aviation.

Omni tracks over 15,000 private and corporate jet aircraft

in real time, and matches your needs

with available aircraft every second of ev-day...

Fuck.

Joan?

I'll just be a moment.

Best laid plans.

It's too early in the morning for cocktails, I think.

So, not the start I was hoping for.

- Andy! - I know, I'm working it at this end.

Grab the temp guy.

I need you.

I'm sorry it's taking so long, Mr. Regan.

Technology, eh?

Yeah.

There you go, you're back up.

Well, now, that was fun.

Good, very good.

Very, very, very good.

Now, let's talk about Omni.

How do you think it went?

Home run...

despite the glitch.

I hope so, Joan.

We need this.

Need it?

Need it.

Grab Sully, will you?

We need to go over the IPO.

Yeah.

All right, Dave, thank you. Good night, good work, travel safe.

Goodnight, Mike.

- Hey. - Sorry. I'm sorry, Mr. Regan.

Hey, you're the I.T. guy, right?

- Yeah, that's right, Ed Porter. - Yeah, Mike Regan.

You really saved my ass in there today, thanks.

- Yeah, yeah. - You're new?

Yeah, just a temp.

Okay, well, we'll try and fix that.

- Okay? See you tomorrow. - Thanks.

Hey, listen, can I ask you something?

Are you doing anything over the weekend?

No, I'm pretty free.

Good, maybe you can come over to our house, have a look at our internet?

My daughter's complaining about it.

- Would that be okay? - Not a problem.

Okay, Joan'll give you the address tomorrow.

Good night...

Ed.

Ed, goodnight, good man.

- Hello? - Err, Ed Porter, ma'am.

I'm sorry, who?

Err... Ed Porter, I'm the I.T. guy.

Oh, yeah, come on... Come in, come in.

Sorry, sweetie, come on up.

Wow, she's beautiful.

Hey, climb in.

Sit yourself down.

New car smell.

I feel like a kid with a new toy.

I can't stop playing with it.

Check out this NAV system.

You see that? It's like a bloody Gulfstream.

Yeah, not bad.

Not bad? What are you saying?

I mean, it's great, it's top of the line...

for civilian stuff.

So you got something better then?

Oh, yeah. I've got something way better.

You know, but it's... it's third party.

Whoa, whoa, whoa. Should we be doing this?

Eh...

No.

Come on, Mike, you're a pilot, this is DC.

You know the military spec stuff that's out there.

Huh.

I mean, this talks to you, like the civilian stuff.

Tells you which turns to take, all that.

But it's a mil-spec network. USG satellite coverage.

You know, faster real time, never glitches.

You'll love it.

All right, well, just don't void the warranty.

System upgraded.

- Yeah, buddy. - Nice one.

All right.

Yeah. You're welcome.

I've gotta say, Mike, you've got a lot of old stuff here

for a new-build, seriously.

Where the hell were you when my tech team was building the app?

I was working for someone else.

Say, can I get your wi-fi password?

It's just reganhome1.

- One word? - Yeah.

Who were you working for?

The government.

Really?

Is that where you learned your stuff?

Mostly. I was recruited straight out of college.

No shit. To do what?

- Oh, signals, intel stuff. - Really?

What do you mean?

I'm not really supposed to talk about it.