Young UHNWs and billionaires are powering sales of large private jets

billionaire private jets

Ultra-High Net Worth private aircraft buyers under the age of 50 favor large-cabin private jets by a margin of 31 percentage points

Young Ultra-High Net Worth buyers like it big when it comes to their private jets. That’s according to a just-published market outlook for pre-owned aircraft sales by broker Jetcraft. It found 81% of buyers under 50 take large-cabin private jets compared to just 50% of older customers.

Wheels Up Aircraft Sales joins IADA

Wheels Up Orange King Air 350i

The newly formed sales and acquisitions unit of Wheels Up has joined the International Aircraft Dealer Association

Wheels Up Aircraft Sales, the recently launched business unit of Wheels Up, has been designated as an accredited aircraft dealer by the International Aircraft Dealers Association (IADA), according to a press released from the trade group.

Airstream Jets cuts jet card prices for July

Airstream Jets Distance Card Jet Card

The Florida-based jet card broker uses mileage instead of minutes to calculate flight time

Jet card and on-demand private jet charter broker Airstream Jets is making two bonus offers valid for the month of July.

Mente Group predicts busy December for used aircraft transactions

Private Jets compared

“The next three weeks will really be busy,” says its CEO Brian Proctor

Mente Group’s business outlook regarding pre-owned business jet sales and purchases for the remainder of 2019 is active, according to a press release.

Mente Group is a leading broad-based consulting firm that specializes in used aircraft transactions.

“With more aircraft on the market recently, buyers and sellers are seeking to make deals before the end of the year to hedge against the economic, political and tax uncertainties that 2020 might bring,” says Mente group president and CEO Brian Proctor.

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