Money » Preowned Aircraft

November 8, 2010
We'll remember 2010 as a year when bargain hunters snapped up business aircraft at prices that left some sellers with a sense of disbelief.
October 1, 2010
Today I dusted off a book that I've had for 45 years: Air Navigation, Department of the Air Force. Flipping through the book-which was a gift from an Air Force navigator, the father of one of my Cub Scout buddies-always stirs up memories. One concerns the time my buddy, Richie, and I submitted unsolicited pencil-sketch proposals for fighter jets to the Kennedy Administration.
August 1, 2010
Wall Streeters and other experts have been making a variety of persuasive but conflicting predictions about where the economy is headed. Will a recovery be shaped like a V? Or a U? Or perhaps a W? One expert even suggested an L-shaped condition, in which a nosedive would be followed by an indefinite period where we skid sideways along the bottom.
June 1, 2010
Looking for a bargain on a Cessna Caravan or other aircraft? You may find one
Every year the federal government auctions off to the public a handful of its used business-class jets, turbine helicopters and turboprops at prices that, at first glance, seem ridiculously low. Over the last decade, buyers walked away with deals that have included $30,000 for a Falcon 20, $101,000 for a Sabreliner 75A, $387,000 for a Turbo Commander 690A and $399,000 for a Gulfstream II.
June 1, 2010
As the used aircraft market's recovery continues, global issues are surfacing that could temper buyers' enthusiasm. Remember a couple of years ago, when we heard so much about the fast-rising BRIC countries-Brazil, Russia, India and China? Today the focus has shifted to the PIIGS-Portugal, Ireland, Italy, Greece and Spain, all of which have fairly weak economies and high debt.
April 1, 2010
As winter loosens its grip and spring arrives, a similar thawing process is taking place in the heretofore frozen tundra that the used-aircraft market had become. Trading has increased because sellers have accepted the new price territory that has been established-or is being established, depending on what model we're discussing.
February 1, 2010
After used aircraft inventory reached an all-time high last July, the market sustained a month-over-month decrease in supply, falling 8 percent below its peak of 3,100-plus.
December 1, 2009
WHEN 2009 BEGAN, the preowned market was like a punch-drunk boxer trying to regain his footing. Down but not out throughout the year, the industry struggled to build strength and stability after absorbing an uppercut delivered by an economic near-catastrophe and then a barrage of power-of-the-pen jabs thrown by often-sensationalistic journalists.
October 1, 2009
I recently was invited to the Los Angeles Dodgers' Sports Camp, or "fantasy camp" as some call it. Unlike most of the events I attend, this one was unique in that I was the only aircraft broker present. At lunchtime-after we'd spent the morning trying to look our best hacking at the fastballs and changeups that zipped our way-we were asked to recount our business experiences.
September 1, 2009
Granted, President Obama's use of a private, albeit publicly owned, jet for a New York date night in May might have done more to fulfill a campaign promise to his wife than it did to support our industry. Still, it was a show of support.

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Quote/Unquote

“I have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”

-VistaJet founder and chairman Thomas Flohr, on the company's unusually brief, easy-to-understand contracts