It always amazes me just how many people are caught out when they make the decision to sell their aircraft, but when you look at the array of specialists offering to support the sales process, it is hardly surprising.
It’s often said that in excess of 80%, as many as 85% perhaps, of all jet sales transactions involve an appointed broker, so my primary focus here is to help guide you through this selection process.
Acquiring your own aircraft takes some thought and planning. If you know what you’re doing and have a good team to help you, the process can go fairly smoothly. But, if you haven’t bought a plane before or if you want to try and “wing it”, you can be in for some exciting surprises. Here’s a look at some of the biggest mistakes that can happen along the way.
Looking at the latest ten-year forecasts for the business jet industry, it appears as though the next decade will bring slow growth overall. Several forecasts see a peak within the next five years followed by a downturn, although this decline is softer than has been seen in the past.
The International Standard for Business Aircraft Operations, or IS-BAO, is a code of best practices that serves as the gold standard for business aviation around the world. It was developed by the International Business Aviation Council (IBAC) in 2002 and has been endorsed by the National Business Aviation Association (NBAA). At the time of writing, more than 700 operators worldwide are IS-BAO registered.
The answer to the question, on the cost of a private jet, depends on if you are looking to own a plane, or just use and rent one. But ownership or renting is just a starting point, there are multiple other factors to consider, the most important discussions center around what you need the aircraft to do. This article outlines the costs for each option, with some specific examples.
The data from the General Aviation Manufacturers Association (GAMA) shows sales in 2015 were at the same level as 2014. The annual databook reported 718 new business jets sold worldwide in 2015 compared to 722 unit sales in 2014. Here are some of the highlights and the sales by manufacturer.
The Gulfstream G450 entered production in October 2004. Twelve years later, its reliability, performance, and value continue to impress those in the aviation industry, and it remains a leader in its class. Here is a breakdown of the costs you should expect to incur, if you choose to own and operate a Gulfstream G450.
People buy aircraft for a variety of reasons. Both emotions and logic can come into play in making a big purchase decision like this, but as with any major investment, buying a private plane is something that should be well thought through and considered from several angles. We spoke to a number of experts, in this field to go through the steps involved in the purchase process.
The destination is remote, exotic...the perfect retreat. Sometimes however the more exclusive the locale, the more challenging it can be to get there. Some desirable locations have small airports and even smaller runways. Others can be nestled in areas surrounded by mountains, water or cliffs, making it a challenge for pilots to access them. Combined with all this, many of these locations can have extreme weather conditions that add to the challenges.