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
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.
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
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.
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
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...
