With 103 closed sales, July saw more pre-owned private jet sales than April and May combined
The rebound or private jet travel is now being mirrored by a rebound in used aircraft sales. According to the International Aircraft Dealers Association (IADA), its members closed 103 deals in July. That compares to 74 transactions in June, 47 in May, and 53 in April.
Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping
Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand
With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.
This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.
66% of private jet dealers are “very optimistic” about the pre-owned private jet market
Despite many new hurdles to complete sales of pre-owned private jets, the International Aircraft Dealers Association confirmed the message of optimism being recently heard from charter brokers and fractional fleet operators.
IADA members, two-thirds who are “very optimistic,” backed up their green shoots dreams with news that from March 27 through April 30 volume was about 50% of normal. There were 53 transactions.
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.
“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
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.