Short

September 30, 2008 - 11:56am

Get ready for a bumpy ride. The sputtering global economy is sending the pre-owned aircraft market into a steeper dive and is likely to slow new aircraft sales and new aircraft development programs, according to leading industry analysts and observers. Prices for pre-owned business aircraft have been trending down for the last five quarters and the number of new jet buyers looking to unload their delivery positions is increasing.

June 18, 2008 - 11:33am

The thought that the market for new and used corporate aircraft as well as corporate aviation itself may very well be the innocent beneficiary of terrorism would be a tough reality to accept. Is it possible that the corporate jet, long looked at by industry detractors as a perk, or symbol of luxury, may henceforth be viewed as a necessity?

June 9, 2008 - 9:24am

Nearly 20 years ago, The New York Times ran a headline that read “Business May Cut Back, but Not on Its Private Jets.” The header on the next page read, “Corporate Jets Gain in Popularity.” I clipped the articles and when I rediscovered them recently, it struck me how history tends to repeat itself, and it seems this same headline applies today.

May 18, 2008 - 12:01am

Early 2008 has seen muted interest, if not a full-blown downturn, in demand for executive charter service in Europe, according to leading charter brokers. “While business levels are still good, corporate client requirements seem to have flattened in the past three to five months,” said David Macdonald, sales director for private jet business at Air Partner (Booth No.

February 7, 2008 - 10:14am

Englewood, Colo.-based Adam Aircraft isn’t yet saying whether it met a “self imposed” deadline of January 31 to raise $30.5 million in short-term funding. On January 15, Adam Aircraft CEO John Wolf sent a letter to investors warning that the private company could liquidate some shareholder assets if the short-term financing round failed.

February 7, 2008 - 10:14am

Englewood, Colo.-based Adam Aircraft isn’t yet saying whether it met a “self imposed” deadline of January 31 to raise $30.5 million in short-term funding. On January 15, Adam Aircraft CEO John Wolf sent a letter to investors warning that the private company could liquidate some shareholder assets if the short-term financing round failed.

December 14, 2007 - 11:33am

The “Acquisition Guide” is a free publication designed to arm the airplane buyer with enough knowledge to ask informed questions. The guide covers legal issues, taxes, financial aspects, maintenance implications, inspections and other topics, as well

May 22, 2007 - 8:05am

Austrian-based operator Jetalliance announced here on Tuesday that it is now offering what it claims to be a new kind of business aircraft financing called asset-based leasing. Under the scheme, a firm or individual agrees to make a down payment for part of an aircraft–say, 30 percent. Jetalliance then buys the aircraft from the manufacturer. It will then own the remaining 70 percent.

April 9, 2007 - 1:23pm

A federal court in Texas recently ruled that a 1976 King Air C90 that crashed before its resale was finalized was not covered by insurance because the purchase was not yet complete when the accident occurred. According to a report in a recent issue of the Lawyer-Pilots Bar Association Journal, two days after a successful acceptance flight, the buyer wired funds to an escrow account with instructions to release the money to the seller.

March 26, 2007 - 7:02am
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Resembling a turbine engine, the pre-owned market in the first quarter of last year sucked wind. What a difference a year makes. All of a sudden everyone needs a corporate jet, demand that is pushing inventory levels of pre-owned stock lower and delivery dates of many new aircraft out farther. There are about 50 fewer aircraft available today than there were this time last year.

 
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