Needy sellers of used private jets are out there, but it’s unclear who they are
Long-range private jets provide the most opportunities, says one expert
During a Corporate Jet Investor virtual town hall meeting on aircraft transactions today, industry executives from around the world said uncertainty in both the economy and business aviation is providing opportunities for buyers. However, where they are, isn’t necessarily clear. And getting a deal done has plenty of hurdles.
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.
The private jet operator says it is on track to launch its fractional share, lease and jet card offerings in Europe
More plans are expected to be disclosed in the second quarter of this year
Flexjet’s long-planned expansion into Europe is still on track, the company told Private Jet Card Comparisons.
Several pilots commenting on chat board PPRuNe, which stands for Professional Pilot Rumor Network, had raised the question if Flexjet’s Europe launch was on hold.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
Flexjet House in London’s Mayfair comes in advance of its
planned European expansion
Flexjet LLC last night marked the opening of Flexjet House, a global experience center and office in London’s Mayfair district, for what the company called “an integral step in Flexjet’s European expansion.”
At the same time, Flexjet announced Marine Eugène, former head of sales in Europe for NetJets, has joined its team as European Managing Director. Travel to, from and within Europe jumped 44% this year.
In a press release, it noted, “Eugène is among an increasing number of former NetJets executives deciding to join Flexjet in its reinvention of the private aviation industry.”