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Finding Opportunities Where the Preowned and Air Charter Markets Meet

Bombardier’s August announcement that slumping demand will keep prices of its new business jets for sale under pressure is symptomatic of the downturn creating havoc in both the new and preowned aircraft markets. But the same socioeconomic forces helping flatten the sales curve of jet transactions are creating new business aircraft ownership opportunities in the air charter world. The fact is, though sales of new business jets have dropped sharply, business aviation activity beyond the world of buying and selling airplanes is strong. People still want and need to use business jets, but fewer want to own them. It’s part

...Continued

FlexJet Expanding Its Horizons

With all of the private jet transportation companies operating today and the array of services they offer—taxi and air charter, leasing, fractional ownership, jet cards—you might think new market opportunities are scarce. That may be true in the U.S. but not so much for the rest of the world. “There are some 700 aircraft of all types chasing the charter market in the U.S. but just 125 to 150 serving international clients,” according to Daniel Jennings, president of The Private Jet Company, a Palm Beach, Fla.-based firm that specializes in the purchase and sale of mid-size and large business jets.

...Continued

China’s super rich create a whole new jet set

China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business aviation in China continuing its upward trajectory, life is getting somewhat more straightforward for this class of aircraft operators according to those most closely involved in trying to help them, namely flight planning and support companies. Though flights into and within the vast country still remain somewhat

...Continued

Firms, tycoons eye private jets at show

The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Yang Jian and Zha Minjie (Shanghai Daily) JIABEI Yanzi, a coal mine boss from northern China, glimpsed a light Piaggio private jetand soon moved her eyes onto the nearby Boeing 737-700 business jet that was farbigger and cost more than US$30 million. “I’d like to buy this one, as the first one is too small for me,” said Jiabei, vice chairmanof the Yulong Group in Shuozhou, a city

...Continued

Hawker Beechcraft Preparing for Bankcruptcy Filing

The business jet maker Hawker Beechcraft is readying a bankruptcy filing BY MICHAEL J. DE LA MERCED AND PETER LATTMAN The business jet maker Hawker Beechcraft is readying a bankruptcy filing, people briefed on the matter said on Wednesday, dealing a blow to its private equityowners, Goldman Sachs and Onex Partners. Hawker, which is based in Wichita, Kan., said on Tuesday that it had obtained $120 million in additional loans to buy it time to fix its balance sheet. In exchange, a majority of the company’s debt holders agreed to defer some interest payments and grant relief from loan covenants.

...Continued

China the next must have private jets

The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. by Patti Waldmeir It will come as no surprise that rich Chinese have developed a taste these days for private jets. It is a short step, in China, from Gucci to Gulfstream: according to a survey of China’s richest people, released by the Hurun report at the Asian Business Aviation Conference Asian Business Aviation Conference in Shanghai, 13 per cent of Chinese with personal assets over Rmb100m plan to

...Continued

China is getting easier for Business Aviation

China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business aviation in China continuing its upward trajectory, life is getting somewhat more straightforward for this class of aircraft operators according to those most closely involved in trying to help them, namely flight planning and support companies. Though flights into and within the vast country still remain somewhat

...Continued

China the next must have private jets

The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its first airport dedicated to this sector by 2015. But before it can really take off, regulations will need to be tightened to ensure that safety standards are met. At Asia’s largest business aviation event held in Shanghai, nearly 30 models of private jets were on display.

...Continued

Fed Up Corporations Turn to Private Jets

Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that turns them onto private jetting. Daniel Jennings, CEO of the Private Jet Company, said that since October 2010, his inquiries from companies looking to purchase private jets have doubled. “Once you are a company that starts having operations regionally and nationally, it gets difficult to do visits in

...Continued

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Finding Opportunities Where the Preowned and Air Charter Markets Meet


Bombardier’s August announcement that slumping demand will keep prices of its new business jets for sale under pressure is symptomatic of the downturn creating havoc in both the new and preowned aircraft markets. But the same socioeconomic forces helping flatten the sales curve of jet transactions are creating new business aircraft ownership opportunities in the air charter world. The fact is, though sales of new business jets have dropped sharply, business aviation activity beyond the world of buying and selling airplanes is strong. People still want and need to use business jets, but fewer want to own them. It’s part

...Continued

FlexJet Expanding Its Horizons


With all of the private jet transportation companies operating today and the array of services they offer—taxi and air charter, leasing, fractional ownership, jet cards—you might think new market opportunities are scarce. That may be true in the U.S. but not so much for the rest of the world. “There are some 700 aircraft of all types chasing the charter market in the U.S. but just 125 to 150 serving international clients,” according to Daniel Jennings, president of The Private Jet Company, a Palm Beach, Fla.-based firm that specializes in the purchase and sale of mid-size and large business jets.

...Continued

China’s super rich create a whole new jet set


China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business aviation in China continuing its upward trajectory, life is getting somewhat more straightforward for this class of aircraft operators according to those most closely involved in trying to help them, namely flight planning and support companies. Though flights into and within the vast country still remain somewhat

...Continued

Firms, tycoons eye private jets at show


The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Yang Jian and Zha Minjie (Shanghai Daily) JIABEI Yanzi, a coal mine boss from northern China, glimpsed a light Piaggio private jetand soon moved her eyes onto the nearby Boeing 737-700 business jet that was farbigger and cost more than US$30 million. “I’d like to buy this one, as the first one is too small for me,” said Jiabei, vice chairmanof the Yulong Group in Shuozhou, a city

...Continued

Hawker Beechcraft Preparing for Bankcruptcy Filing


The business jet maker Hawker Beechcraft is readying a bankruptcy filing BY MICHAEL J. DE LA MERCED AND PETER LATTMAN The business jet maker Hawker Beechcraft is readying a bankruptcy filing, people briefed on the matter said on Wednesday, dealing a blow to its private equityowners, Goldman Sachs and Onex Partners. Hawker, which is based in Wichita, Kan., said on Tuesday that it had obtained $120 million in additional loans to buy it time to fix its balance sheet. In exchange, a majority of the company’s debt holders agreed to defer some interest payments and grant relief from loan covenants.

...Continued

China the next must have private jets


The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. by Patti Waldmeir It will come as no surprise that rich Chinese have developed a taste these days for private jets. It is a short step, in China, from Gucci to Gulfstream: according to a survey of China’s richest people, released by the Hurun report at the Asian Business Aviation Conference Asian Business Aviation Conference in Shanghai, 13 per cent of Chinese with personal assets over Rmb100m plan to

...Continued

China is getting easier for Business Aviation


China is Getting Easier for Business Aviation But Flight Planning Expertise Still Makes Big Difference The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. AIN ONLINE by CURT EPSTEIN With business aviation in China continuing its upward trajectory, life is getting somewhat more straightforward for this class of aircraft operators according to those most closely involved in trying to help them, namely flight planning and support companies. Though flights into and within the vast country still remain somewhat

...Continued

China the next must have private jets


The new status symbol for China’s ultra rich businessmen: a private jet. But before this fad can truly take off, authorities have to loosen up strict regulations governing the domestic airspace. By Kristine Lim ChannelNewsAsia.com SHANGHAI: China is gearing up for burgeoning growth in its business aviation market as it plans to build its first airport dedicated to this sector by 2015. But before it can really take off, regulations will need to be tightened to ensure that safety standards are met. At Asia’s largest business aviation event held in Shanghai, nearly 30 models of private jets were on display.

...Continued

Fed Up Corporations Turn to Private Jets


Between exhausting lines at security and countless flight delays and cancellations, the concept of a “quick flight” no longer exists. In reaction, many corporations are taking matters into their own hands by investing in corporate jets to fly executives and employees on business trips. For many companies, it is the time savings that turns them onto private jetting. Daniel Jennings, CEO of the Private Jet Company, said that since October 2010, his inquiries from companies looking to purchase private jets have doubled. “Once you are a company that starts having operations regionally and nationally, it gets difficult to do visits in

...Continued

Page 3 of 4
1 2 3 4

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