…”Owners usually don’t want the crew knowing, particularly in the current challenging staffing environment. We are seeing a significant increase in Off-Market aircraft as owners are now saying, ‘Perhaps, I don’t need a plane,’ and are worried about recession and value loss,” says Dan Jennings, President of The Private Jet Company, based in Palm Beach Gardens, Florida. “Inventory has more than doubled in the last quarter for off-market planes. We have five ourselves and know of more than 25 planes off-market.”…
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, according to Daniel Jennings, CEO of private jet broker, The Private Jet Company (TPJC). NORTH PALM BEACH, Fla., July 6, 2022 /PRNewswire-PRWeb/ — 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
Timely tip: Charter Jet Industry Faces Rising Costs, Shortages of Aircraft, Parts, and Labor Share Article Individuals counting on flying by private jet charter may find it increasingly difficult in 2022 – and at least 25% more costly – to obtain an aircraft, particularly on short notice, as a result of several challenges faced by the charter jet industry. Demand fueled by the pandemic is up more than 20%, operating costs are escalating, and now the charter industry is experiencing labor and parts shortages at maintenance facilities, impacting the availability of aircraft, according to Daniel Jennings, CEO of private jet
Published: Feb. 2, 2022 at 11:00 a.m. ET The MarketWatch News Department was not involved in the creation of this content. NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire via COMTEX/ — NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire-PRWeb/ — Anyone considering buying a pre-owned private jet in 2022 – the last year that a 100% writeoff is possible — should take their time and wait for the currently overheated market to cool and prices to drop, advises Daniel Jennings, CEO of private jet broker The Private Jet Company (TPJC). The Private Jet Company (TPJC) handles private jet sales, jet acquisition, and
Concerns about health and the vastly reduced flights of commercial carriers during the pandemic are driving a surge of interest in private aviation among businesses and wealthy individuals, despite the economic uncertainty of these pandemic times. While some are flocking to jet charters or “fractional” ownership arrangements to avoid the health risks of traveling with strangers and to gain the flexibility of flying where and when they need, companies such as The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet buyers and sellers, are also seeing an uptick in the demand for pre-owned jets, a
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
Today we’d like to introduce you to Daniel Jennings. Daniel is the founder and President of TPJC. He leads the firm’s strategic direction and oversees its sales division. Under his leadership, Mr. Jennings has created an entrepreneurial culture which has led to the successful growth of the firm throughout the world. Mr. Jennings has over 15 years of experience in aircraft sales and acquisitions, having managed over $1.5 billion worth of transactions for individuals, governments and corporate clients. Prior to the formation of TPJC, Mr. Jennings successfully built, managed and sold several start-up ventures to private-equity backed investors. Mr. Jennings
Daniel Jennings, president of The Private Jet Company in Palm Beach, Florida, an area where Trump often hangs out, said demand for selected aircraft 2017. “We’re very busy with calls from prospective private jet buyers, particularly in the US market. If this trend continues, I believe we’ll see the market approach a balance between supply and demand for “There’s still a sense out there that the market is in a slump,” Jennings admitted, “but I believe we’re seeing the best indication yet that the slump may soon be over. With fewer aircraft available, we’re also seeing the ones with the
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...
