How to sell a Private Jet fast

One of the more interesting and fast paced deals occurred from start to finish within one week. The seller was an East Coast based company operating a Boeing Business Jet and we were deep into a prebuy inspection for a buyer out of Asia. This buyer had last minute cold-feet and we were about to start the process over again from scratch when by chance the crew of a 757 on the same ramp as our BBJ called to arrange for a viewing on a Friday afternoon. The new buyer was based in the Middle East and had a very particular set of requirements for supplemental lift while their aircraft was out of commission during an extensive refurbishment. The buyer made a low offer and with aggressive 24/7 negotiations by the private jet broker through lawyers, principals and brokers located in 5 time zones we were able to reach an acceptable deal with a closing scheduled 5 days later. The buyers presented several hurdles to a the purchase agreement including a requirement to do a mid-air closing which was rejected and the deal was near collapse. Only with round the clock momentum, full disclosures and representations were we able to complete an all-cash $60M+ closing only 7 days from initial viewing. The buyers were delighted and went on to employ the former pilots for several months and the seller was able to secure a substantial profit on the sale.

The Private Jet Company offers private jet sales & acquisition and private aviation consulting services in major markets throughout the world. Founded in 2005 with headquarters in North Palm Beach, FL and regional offices in Paris, France and Mexico City, Mexico, TPJC has completed over $2 billion of private aviation transactions for individual and corporate jet owners. In addition to assisting clients buy and sell private aircraft, the company works with aircraft management companies to reduce the burden of private aircraft maintenance costs and create income through chartering jets. TPJC also partners with aviation attorneys and tax experts to help clients maximize depreciation, reduce tax burdens and assist in import and export Certificates of Airworthiness.

Private Aviation News

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Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019

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June 8, 2021

Prices of Private Jet Charters Expected to Rise, Availability and Experience Quality to Decrease Due to Growth and Consolidation of Jet Charter Business

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August 11, 2021

Private Aircraft Buying Tips-5 Biggest Mistakes Made by 1st. Time Buyers

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