What to Know About Painting the Exterior of Your Jet
Nov 13, 2017
An exciting aspect of owning your own jet is choosing an exterior paint scheme to reflect your personal style and taste. The possibilities are endless and clients typically enjoy the process of selecting the paint scheme for their aircraft.  Some owner’s design their own exterior paint concept, others ask their selected paint facility for their options, and some use a number of excellent exterior paint designers to design and customize a scheme for them. A jet is a big purchase and it i...
100th Cessna Citation Latitude Delivered
Oct 30, 2017
In October 2017,  Textron Aviation delivered the 100 th Cessna Citation Latitude. The delivery occurred only 26 months since the first Latitude entered service. The jet was bought by NetJets and delivered at Textron’s headquarters in Wichita, Kansas, USA. 42 Latitudes were delivered in 2016 which qualified it as the most delivered midsize jet in that year. It has now been certified in 39 countries. The Latitude has a max cruise speed of 446 ktas with a range of...
First-Time Aircraft Buyers Increase in 2017
Oct 17, 2017
In the last year, Colibri Aircraft’s sales team have seen a dramatic increase in clients buying a private jet for the first time. 21% of our clients this year have been first-time buyers – a 50% increase over 2014. The average price of a jet we sold to a first-time buyer in 2017 was 3,680,000 USD. We believe the growing number of first-time buyers is being fuelled by the rapidly increasing number of high net worth individuals, falling price of jets across all segments, and a large inc...
3 More Things You Won’t Expect During Your Aircraft Transaction
Oct 4, 2017
This is Part 2 in a series of Things You Won't Expect During Your Aircraft Transaction. You can read Part 1 here . During the course of the transaction, normal events such as the Pre-Purchase Inspection or the Test Flight can pose time delays that a buyer or seller may not expect. Unders...
Should I Get a Tax Opinion for My Aircraft Transaction?
Sep 27, 2017
VAT is an ever changing landscape and the rules and exemptions change frequently. VAT is around 20% throughout Europe, equalling a substantial amount of money when imposed on a multi-million dollar aircraft. As a result, it is worth at least talking to a tax advisor if not getting a full formal opinion. Speaking with someone who knows the details of VAT, keeps up to date with the changes, and is insured on their opinions is important. With aircraft transactions the devil is in the details,...
3 Things You Won't Expect During Your Aircraft Transaction
Sep 13, 2017
Buying a jet sounds simple. You find one you like, go to the owner, pay them money and then you fly out on your new jet. That would be nice. But a jet is usually owned by someone in another country. Often, you choose to get finance for it. There could be a tax implication when you purchase it. You may decide to put it on a foreign registration. There are many facets to the process of buying that jet that makes it much more complicated than the act of money changing hands. Because w...
Fly-By: 3 Minutes in the Private Jet Market Issue 8
Sep 4, 2017
Our 8th Issue of the Fly-By newsletter includes articles on what the amount of new jet deliveries means to the Industry, how to prepare your jet when it is time to resell it, which jets sold the most in the first half of 2017 and much more. You can read the latest issue by clicking here or on the pdf link below.
Where to Register Your Aircraft
Aug 18, 2017
In the last five years, there has been an increase in the number of potential registers on which to put your aircraft. There are newcomers such as Guernsey, Jersey and San Marino; popular and relatively new registers such as the Isle of Man; and then the old guard including Bermuda, Cayman Islands and the On-Shore registers like United Kingdom, Germany or USA. Your Local Aircraft Registry As an aircraft owner you can choose where to register your aircraft. ...
Determining the Right Jet for You: Range
Jul 28, 2017
Each person will have a different answer to the question of what range their jet needs to have. By and large, the temptation is for buyers to look at the longest range trip they might do at some point in the future and buy their jet around that. However, that trip often doesn’t happen or happens only once a year. As a result, you pay a lot of money for a jet with a capability you are not using. For example, the Gulfstream G550 has a 14 hour range and the average flight leg is only 2 and ...
Pilatus delivers 1500th PC-12
Jul 12, 2017
On 30 June 2017, Pilatus delivered its 1500 th PC-12. The PC-12 program has been one of the most successful private aviation programs in history. It’s an incredibly unique aircraft and extremely versatile. The airframe has not changed significantly in its life span - a credit to the initial developers’ design success from the onset. With a range around 1600 nautical miles, its ability to land on short runways (including grass runways), low fuel burn and low maintenance costs,...
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