As soon as the first owner departs from the manufacturer’s delivery center, a new airplane technically becomes used (or preowned). For various reasons, however, 10 years after an aircraft’s final production date is generally considered the milestone separating “newer” used business aircraft from “older” ones.
Buyers' Guide
July 25, 2012
Five years ago, a Falcon 900 with 15 people aboard was taking off from Santa Barbara, Calif. When the aircraft failed to climb, the pilots aborted the takeoff but the Falcon struck a berm at the end of the runway, collapsing the nose landing gear rearward. The pilots did manage to stop the jet and avoid what could have been a catastrophic loss.
July 25, 2012
The business jet finance market is changing, just like the rest of the world economy. It’s becoming more highly regulated, more conservative and more international. Its biggest challenge is the surfeit of cash that many aircraft buyers have on hand with no compelling place to invest.
July 19, 2012
Largely because of the recession, the past few years have not been kind to the fractional-jet-share business. Many customers have opted for other forms of lift after having been disappointed by the residual valuations they received for shares when their contracts ended. Others have simply decided that this is no time to tie up a large sum in a capital purchase.
July 1, 2011
Although the rate of growth of the business aircraft manufacturing industry has slowed, it continues to generate billions in economic output each year and supports tens of thousands of jobs. Here are the key facts about each of the major aircraft manufacturers:
July 1, 2011
One of the first consequences of the 2008 Wall Street meltdown was the overnight disappearance of capital. At the time, many aircraft lenders still proclaimed that they were "ready to do deals," but often they lacked the financial horsepower to deliver on that promise.
July 1, 2011
Not long ago, a chief pilot would be assigned the job of managing the cabin completion of a new aircraft or riding herd on the refurbishment of a used one. Those days are fast becoming a memory, gone the way of wooden propellers, fabric-covered wings and open cockpits.
July 1, 2011
In the past couple of years, the recession has caused independent completion and refurbishment centers to compete for business the way mall shoppers vie for parking spaces in the week before Christmas.
July 1, 2011
Cabin electronics options continue to expand and improve. At the National Business Aviation Association's annual convention last October, it seemed as though every other exhibit featured airborne high-speed Internet connectivity, e-mail access through BlackBerries or iPhones, wireless interfaces, Blu-ray players, high-definition screens or docks for MP3 players.
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Quote/Unquote
“You are so motivated to make sure the trip goes smoothly, because you know that the organs of these two kids are now going to save the lives of more than just a handful of other kids.”
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