Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said Daniel Jennings, CEO of The Private Jet Company An overview of the development to date of Sustainable Aviation Fuel and implications for the environment and for the market for private and business jet aircraft, according to private jet broker The Private Jet Company. NORTH PALM
There is real uncertainty and volatility in the Private Aviation market related to COVID-19 right now. Overall, businesses and individuals will need to charter, lease or acquire private jets in 2020 for reasons directly related to the current crisis. Commercial Airlines have already started to reduce service on historically low demand routes and passengers in non-hub cities will have fewer and fewer commercial flight options without additional new stopovers. Major corporate shareholders, senior management and executives, especially those with health concerns, will likely request their Companies for more and more private flights to avoid contracting a COVID-19 Viral infection Significantly increased Non-Commercial corporate
Marketplace trends continue to indicate that private aircraft owners and operators are reacting favorably to changes in the new tax laws that encourage purchases. “We are already seeing a dramatic effect on the pre-owned aircraft market resulting from this change,” said Daniel Jennings, President of The Private Jet Company, a leading private aircraft broker. The new tax law permits 100% depreciation (up from 50%) in the first year of operation of the cost of new and used aircraft purchased between September 27, 2017 and January 1, 2023, subject to certain conditions. The new tax law also makes other changes impacting
The Private Jet Company, a leading global private aircraft broker, announced today on the 10th anniversary of its founding a new modern logo that better reflects its new image. It also announced the expansion of its aircraft leasing and management services to private jet buyers. The new logo is now being used on the company’s printed materials, ads, letterheads and business cards and will soon also be applied to its website and Social Media accounts. The Private Jet Company (TPJC) has completed leases of aircraft ranging from a Citation Mustang to a Boeing 767-200ER. It offers both dry leases (for
It’s only natural to look for the best deal, regardless of whether you’re buying a television, a car… or, a private jet. Daniel Jennings, founder and President of The Private Jet Company (TPJC) explains that certain private jet aircraft currently represent excellent deals in today’s market, often selling at prices far lower than buyers may expect. “We strongly believe the overall market is beginning to tighten, and inventories have decreased 50 percent over the last 24 months,” Jennings said. “That said, large cabin, long-range business jets from such manufacturers as Gulfstream, Dassault Falcon, and Bombardier continue to offer a lot
Feb 1, 2017 – The Private Jet Company Announced today: Since the U.S. presidential election sent ripples throughout the political landscape, we notice marketplace trends to indicate that private aircraft owners, operators, and users will have reason to cheer as Donald Trump took office last month. “There are enough positive signs of President Trump’s appreciation and enthusiasm for the Private Aviation industry that we expect to see as much as a 10% increase in demand for private aviation over the first 100 days of his administration,” said Daniel Jennings, President of The Private Jet Company a dedicated private jet brokerage
Following years of gradual growth in sales of new business jets, a recent industry forecast predicts a slight decrease in sales of new private jets over the next 10 years. While this isn’t the best news for aircraft manufacturers, fewer new private aircraft deliveries could reverse years of decreasing prices for pre-owned business aircraft, making now the ideal time to buy a preowned private jet. According to the 25th annual Global Business Aviation Outlook released by Honeywell Aerospace earlier this month, ongoing political and economic concerns worldwide will drive deliveries of new private aircraft down through 2026. “We continue to
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
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.
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...
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...
July 6, 2022· Covid concerns may be easing, interest rates rising, and the stock market falling, but prospective business buyers of private jets are highly motivated to make their purchases this year because the "free ride" of 100% depreciation in the first year of use, afforded by the 2017 Tax Act, will end December 31, 2022...
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...
Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax...
Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said...
North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax...
