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,...
The First Flight of the Falcon 5X
Jul 11, 2017
The Dassault Falcon 5X made its first flight on 5 July 2017. It was completed using prototype engines with full-fledged flight testing with the production engines to begin in 2018. Dassault selected the Snecma Silvercrest engine for the 5X, a new engine to the private jet industry from a large engine manufacturer in the airline segment. The engine development has experienced a number of setbacks causing significant delays to the 5X program. The purpose of this initial flight was to give a ...
Why It Takes Longer Than You Think
Jul 7, 2017
Why It Takes Longer Than You Think: Managing Expectations on Transaction Timing From the time of signing a Letter of Intent to closing, a transaction normally takes 2 to 2 and a half months. That timing may shock those that have never been involved in a pre-owned transaction before, but the reason is that jets are complicated machines and more importantly, they are complicated assets . As a result, there are a number of different parties involved on both the buyer a...
How Buyers & Sellers Benefit in a Buyer's Market
Jun 28, 2017
Over the last few years there has been more and more references to the private jet market being a ‘Buyer’s Market’. Typically, when someone refers to a ‘Buyer’s Market’, they mean that a) there is more supply than demand and b) it is an environment of declining prices. Both points are true in almost every aircraft model right now. In this current atmosphere that looks to favour the Buyer, we have advice and warnings for Buyers as well as counsel and silver linings for Sellers.<...
The Best Thing You Can Do Before You Buy a Jet
Jun 12, 2017
When you have decided to buy a private jet, the sheer number of options can be overwhelming. We’ve discussed previously a few aspects to assist with determining the right private jet for you ( your budget , your purpos...
Shedding Light on the Export Procedure
Jun 2, 2017
The Exportation Process is a frequent confusion during an aircraft transaction with European aircraft leaving the European Union to go to another region such as the USA or Asia. Formally leaving the European Union is not simply flying the aircraft out of the country. There are two parts to an aircraft export: a customs export and a physical export. In the EU, an aircraft has a physical presence and a customs presence. When an aircraft is purchased to be based in the EU, it has to be import...
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