Like sharks hunting for fresh blood, business jet buyers in 2007 used brokers as sonar to zero in on their hard-to-find prey. Then, early in the acquisition process, some customers tended to over-negotiate, not fully grasping how rapidly the market was changing. Consequently, they let their quarry slip away and once again found themselves swimming against the current.
Money » Preowned Aircraft
December 1, 2007
October 1, 2007
After the recent capitulation in the equity market, an asset manager who is in charge of preserving his boss' capital was taking the temperature of the aircraft business. He was doing so at least partly because he saw a correlation-though admittedly not a clear or definitive one-between the appetite for corporate jets and the overall health of the economy.
August 1, 2007
Bigger isn't always better, which is one reason many attendees like the European Business Aviation Convention and Exhibition (EBACE), which takes place in Switzerland each May. They see it as a scaled-down version of the National Business Aviation Association (NBAA) convention that is held annually in the U.S.
June 1, 2007
At a dinner party recently, the subject turned to private jets and someone asked, "If you could have any jet, which would you pick?" Someone else blurted out, "an F-16," and everyone laughed. If you think about it, an F-16 might well give you a decided advantage over business rivals, but it would likely also raise a few concerns.
April 1, 2007
A few years ago, I was surprised to receive a call from an analyst at UBS, the global financial services firm, who asked me general questions about the used-jet market. Since then, this analyst has broadened his research, and he now regularly polls the players in the field, including brokers and dealers.
February 1, 2007
Like a train pulling out of the station, preowned-aircraft sales chugged at the start of 2006 but gathered speed as the year unfolded. By the fourth quarter, it was full steam ahead and now the sales surge looks poised to roll well down the tracks of the new year.
December 1, 2006
After a two-year buying spree, business jet sales in 2006 reverted to a more typical cyclical pattern. Overall, sales remained strong, but the year was characterized by ups and downs. We witnessed a lackluster first quarter, followed by a buoyant second quarter and a summer slowdown.
“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”
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