If you’ve identified the perfect plane for your needs, then it’s time to start thinking about financing. Before reaching out to a lender, it makes sense to prepare for the process and answer a few basic questions. What to expect during financing The aircraft financing process is very similar to the application process for a [...]
The average private aircraft found in North America is a relatively modest affair, with neutral, somewhat predictable interiors. It’s not surprising that the elite aircraft owners in Asia expect their private jets to reflect their own unique cultures. Manufacturers are geared up to meet the needs of the growing and diverse Asian clientele. Asian cultures, [...]
Imagine you’re visiting a foreign locale where the culture and currency are very different from your native country. You hire a local guide for the day and ask him to help you navigate a large open-air market. As you wind through the crowd, merchants call out to you in an unfamiliar language, urging you to [...]
JetNet provided some good news for those selling pre-owned business jets in recent time. According to their report, from January through October 31, business jet sales transactions climbed by 16 percent, followed by turbine helicopters (up 15.2 percent) and turboprops (up 4.5 percent). The report from JetNet went on to state that, pre-owned inventory went [...]
Catching up on more of the news that came out of the NBAA show last week we hear news that Embraer has news that the new Legacy 650 has now had its certification and is able to begin handling passengers. The Legacy 650 is a large class jet with a a longer range than the [...]
Don’t get too excited about a quick recovery as the recovery is not set for another year according to Honeywell, the avionics, equipment and engine manufacturer. The report that Honeywell is reporting on indicates that there should be one more year of an economic slide in store for the business aviation industry in 2011, with [...]
We are continuing to get reports from all of the sectors in the industry that the slide has slowed and the recovery has begun. It may be wishful thinking on the part of many of the manufacturers at this point but not for two separate business jet companies. Business Jet Traveler reports that Bombardier CEO [...]
It sounds like the people at Gulfstream are in for a better 2010 than they had in 2009. Jay Johnson the CEO and chairman of General Dynamics which is the parent company of Gulfstream stated, “We’re seeing a gradual improvement in the business jet market.” This was stated during the company’s second-quarter financial conference held [...]
