Read Jay Mesinger’s article from AvBuyer Magazine’s February 2016 issue from the Business Aviation and the Boardroom section. Also read at: AvBuyer.com
Read Jay Mesinger’s article from AvBuyer Magazine’s February 2016 issue from the Aviation Leadership Roundtable section. Also read at: AvBuyer.com
We are proud to exclusively represent for immediate sale a 2010 model Falcon 7X, Serial Number 73, N787AD. I have often spoken in the past about the importance of pedigree, and the pedigree of this aircraft is as good as it gets. Making a great deal is not about paying the least amount possible. Making a great deal is about buying the best airplane with the best pedigree for the best price possible.
This Falcon 7X has been owned by the same U.S. Fortune 50 company with an almost 60-year-old flight department since it was new. They have a long history of owning and operating Falcon Jets and their Director of Maintenance was previously a Falcon Tech Rep. They also employ a no expense spared proactive approach towards aircraft maintenance always ensuring that all of their aircraft are kept in excellent condition ready for immediate dispatch at any moment. We have helped this client buy and sell several aircraft over the years. They understand the sales process and what are common and customary terms and they are a pleasure to work with in a transaction.
This aircraft is turn-key. It has approximately 2,350 hours and 1,200 landings (as of March 2, 2016), the engines are enrolled on the Pratt & Whitney ESP Gold engine maintenance program, the APU is enrolled on the Honeywell MSP maintenance program and the airframe is enrolled on the FalconCare Parts program. There are no major inspections coming due in the near-term and the paint and interior are in very good condition. And, it is fully NEXTGEN compliant. This 7X has been upgraded to EASy II+ with CPDLC FANS 1A, ADS-B Out, TCAS 7.1 and Enhanced Nav with LPV capability. Additionally, it is loaded with other options such as Synthetic Vision, HUD, EVS, SwiftBroadband high speed data with Wi-Fi and more.
Our client is committed to selling this aircraft. They understand the competitive market and are ready to be very competitive within it. There is no finer aircraft with pedigree like this anywhere in the world and there is certainly no better partner to engage in a transaction with than this seller. Review detailed specifications, photographs and a video about this aircraft on our website at http://jetsales.com/jets/2010-falcon-7x/ and call us today to discuss this great Falcon 7X opportunity, +1-303-444-6766.
Read Jay Mesinger’s article from AvBuyer Magazine’s January 2016 issue from the Business Aviation and the Boardroom section.
Read Jay Mesinger’s article from AvBuyer Magazine’s January 2016 issue from the Aviation Leadership Roundtable section. Also read at: AvBuyer.com
Historically our industry has watched business aircraft values fluctuate more like commodities than pieces of equipment. Today, this is no longer the case. Many owners, sellers and other industry participants still talk about aircraft values as though they might one day go back up, and many buyers often say that they are going to wait to buy because prices will continue to fall. This is changing and more and more people are starting to realize that prices won’t go up and at some point buyers just need to step in. Why have our markets changed? What does it mean to buyers and sellers? And, how do we deal with it?
Our industry has matured and we have more inventory than demand. This is the result of:
- A changing global economic environment,
- Manufacturers producing more makes and models and more units of each than ever before over the previous decade*,
- The ability to upgrade and improve aircraft extending their useful lives.
Prior to 2004 most business aircraft were sold in the United States. Between roughly 2004 and 2010 that shifted and the majority of business aircraft, particularly new, were sold outside of the United States. Manufacturers increased production to meet growing global demand and our industry thought the future was limitless as emerging markets grew rapidly. Today, most countries’ economies are contracting and the vast majority of business aircraft, new and used, are again sold to buyers in the United States.
According to the multiple listing service AMSTAT there were 8,203 business jets in active service in the end of 1995, 13,946 in the end of 2005 and 21,311 in the end of 2015. JetNet iQ reported a few weeks ago that they predict 744 new business jets will be delivered in 2016. And, the general consensus in our industry is that 9,000+ business jets will be delivered between 2015 and 2025. Honeywell’s 24th Annual Business Aviation Forecast published in November 2015 predicts up to 9,200 new business jets will be delivered by the end of 2025. Even if manufacturers slow their production numbers significantly we are not retiring aircraft in any mass number at the end of their lifecycle to maintain equilibrium in the supply/demand balance.
At the same time, we do need a healthy manufacturing sector, refurbishment businesses and aircraft upgrade/modification businesses. Aircraft and component manufacturers are innovating new technologies like vastly more efficient engines which will significantly lower the cost of operations for new aircraft as well as other major improvements. It is this innovation that will promote new aircraft sales and we need new aircraft being delivered into the market at the start of their lifecycles to replace aging aircraft. And, other companies are innovating new technologies to upgrade older aircraft as they move through their life cycles. This provides owners opportunities to keep aircraft longer while still fulfilling their missions and meeting new mandates as well as for buyers entering the market to purchase pre-owned aircraft that are still viable with long useful lives.
Today, it is thought by many leading brokers, lenders and aviation attorneys that aircraft with average total time, maintenance programs, no major damage, average equipment and commonly desired interior configurations will reduce in value by roughly 8% to 10% annually. Once an aircraft is over 10-year-old the reduction in value may slow down slightly. Note that this annual depreciation is a percentage of the prior year’s value, not the original value.
Our industry has matured and our supply/demand balance has shifted. As an industry we need to acknowledge a realistic and predictable annual residual loss rate. Mission, functionality, reliability, initial cost, and strength of the marketplace should be the driving factors for aircraft purchase and ownership decisions. We need to start accepting this new reality to establish accurate expectations and make good informed decisions.
*Note that some manufacturers like Bombardier have recently reduced aircraft manufacturing plans to better align production with future demand.
Read Jay Mesinger’s article from AvBuyer Magazine’s December 2015 issue from the Business Aviation and the Boardroom section.
Also read at: AvBuyer.com
We are proud to exclusively represent a 2013 model Gulfstream G280 S/N 2027, Registration Number N1FC for a 3 to 5 year dry lease term. This is an immediately available, 1 U.S. owner, gorgeous, highly equipped Gulfstream G280 and it is the only G280 currently available for lease in the world. It is equipped with options such as HUD, EVS, WAAS/SBAS and LPV RNAV Approach Capability, RNP 0.3 Approach Capability, FANS 1/A, RNP 4, ADS-B Out, TCAS 7.1, Dual Electronic Charts & Overlays, XM Weather, a 3rd FMS and a 3rd VHF Com, Aircell GoGo Biz Inflight Internet and more.
The G280 is an incredible aircraft and Gulfstream has put a very strong foot forward against the other manufacturer’s super mid-size aircraft offerings. The G280 was designed to fulfill any domestic mission as well as global travel. It has a max range of 3,600 nautical miles and a max operating speed of mach 0.85. Improvements over its predecessor the G200 include the PlaneView280 cockpit incorporating state-of-the-art flight and navigation systems; autothrottle and autobraking; “best-in-class fuel efficiency”; a light, quiet, and comfortable interior and so much more.
We have often written about aircraft pedigree. Our client is a long-time Gulfstream operator. Their flight department personnel have served on many Gulfstream development committees for different aircraft including the G280. They operate a large private Part 91 Gulfstream fleet including G280s, G550s and G650s based in Houston, TX. And, they have a truly first-class operation with a no expense spared attitude about doing whatever it takes to maintain and operate their aircraft to the highest possible standards.
If you are considering leasing a super mid-size aircraft we strongly encourage you to pay close attention to this Gulfstream G280. You will not find a better operator or a better seller to engage with. You can review detailed specs and see lots of photos of this Gulfstream on our website at http://jetsales.com/jets/2013-gulfstream-g280/. Please call us today at +1-303-444-6766 or email us at firstname.lastname@example.org if you have any questions or want to discuss this further. We look forward to speaking with you soon.
We are proud to exclusively represent for immediate sale a 2008 model Gulfstream G550 S/N 5180, Registration Number N1FS. This is an immediately available, 2 U.S. owner, gorgeous, highly equipped Gulfstream G550. This aircraft has been used for travel worldwide and it has been upgraded to meet NEXTGEN requirements including Enhanced Cert Fox, FANS 1/A, CPDLC, ADS-B Out and TCAS 7.1. It is also equipped with additional upgrades such as BBML high speed internet, WAAS-LPV and upgraded FMS software (NZ7.1.2). The engines are enrolled on the Rolls-Royce Corporate Care engine program and the APU is enrolled on the MSP Gold program. And, the aircraft was stripped and painted and new carpet was installed in 2015.
We have often written about aircraft pedigree. The original owner of this aircraft had it managed by Solairus Aviation and it was operated both Part 91 and Part 135 on Solairus Aviation’s 135 certificate. It is equipped with a 135 certified crew rest area. Our client is a long-time Gulfstream operator. Their flight department personnel have served on many Gulfstream development committees for different aircraft. And, they operate a large private Part 91 Gulfstream fleet including G280s, G550s and G650s based in Houston, TX. The flight department is based in a beautiful hangar at the Hobby airport and they have a truly first-class operation with a no expense spared attitude about doing whatever it takes to maintain and operate their aircraft to the highest possible standards.
If you are considering purchasing a Gulfstream G550 we strongly encourage you to pay close attention to this aircraft and this opportunity. You will not find a better operator or a better seller to engage with. Our client is selling this aircraft to more accurately align their fleet with their needs. They understand the current competitive market and are prepared to sell for a price that makes this G550 one of the best values on the market. You can review detailed specs, see lots of photos and watch a video about this Gulfstream on our website at http://jetsales.com/jets/2008-gulfstream-g550/. Please call us today at +1-303-444-6766 or email us at email@example.com if you have any questions and to discuss this further. We look forward to speaking with you soon.