Used private jet market strong despite Coronavirus, say brokers

Private Jets compared

Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis

Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.

The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.

Dumont Group is a name you will be hearing more about in the jet card and management space

The Delaware-based company is expanding beyond parts and maintenance, growing its charter operations via ownership and management, and ramping up its Santos Jet Card program alongside its ProspAir Jet Charter brokerage cards

 

In the world of private aviation, Dumont Group is best known for parts and maintenance, often buying used aircraft for components that can be used as replacements. That has been changing for a while and will be even more so – in a big way. As the company expands its aircraft management, it is becoming a well-sized charter operator owning and operating aircraft as well as operating and managing aircraft for owners, some who use the jets exclusively for themselves and others who allow Dumont to sell charter trips on them. 

Follow Me
Tweet
%d bloggers like this: