We expect that the increased interest in the production of larger aircraft will continue through the end of the decade. We attribute this growth trend in the large jet market to both global economic growth and globalization and expansion of larger companies. It doesn't hurt that the number of billionaires continues to rise--and that they are purchasing more expensive jets.
Because there are not consumer protections for pre-owned aircraft and most contracts include “as-is, where-is” language, where and how well the aircraft was maintained are very important considerations. Furthermore, the pre-purchase inspection is vital.
Topics: Buying your own Plane
The popularity of ABC's Shark Tank television program has left many aviation-enthusiast viewers curious about private jets for celebrities. In particular, many people want to know what private jets are flying the Sharks across the skies. The following is a bit of info on the Sharks and their jets:
Pilots flying as Part 91 operators need to be aware of regulations government agencies such as the Federal Aviation Administration, Federal Election Commission, and Internal Revenue Service impose on flights with federal political candidates as passengers. Unfortunately, such regulations can be highly complex and confusing, so operators and aircraft owners need to do a little studying in order to fly office seekers without being hit with penalties.
There’s a big difference between “cheap” and “affordable,” and many first time buyers underestimate the cost disparity. For example, the $500,000 jet with a roomy cabin may need $2,000,000 in upgrades if it’s going to be flying in two years. And of course, it’s always important to be in an aircraft that meets your mission—runway limitations, number of passengers, and range requirements. We’ve identified a few models that we feel comfortable recommending according to their size category.
Topics: Buying your own Plane
For many pilots, having a career as a test pilot is the ultimate goal. Pursuing such a position however involves a lengthy commitment, and a great deal of dedication. Test pilots tend to be those with military backgrounds. Plus, there are very few formal civilian test pilot training programs. What does test pilot training entail?
Topics: Test Piloting
The title of fastest civilian aircraft in the world is an oft-discussed topic among pilots and aviation enthusiasts worldwide. While the two main contenders don’t really compete in cabin size, mission or range, the tug of war continues between Textron Aviation’s Cessna Citation X and General Dynamic’s Gulfstream Aerospace G650. The current record holder was declared in the fall of 2013 In the fall of 2013, after a barrage of tests were conducted including more than 1,300 hours of flight time, the FAA confirmed the Citation X's status as the world's fastest civilian jet.
Topics: Brand Loyalty
It's not that surprising that flying would become a beloved pastime of the stars. If you combine the prestige and freedom of piloting your own aircraft, you understand why many celebrities take to the skies in their free time.
It makes me a little sad that men don’t just hold most of the executive jobs in private aviation, they also hold title to 99% of the aircraft, according to my friends at JetNet, a private aircraft data aggregator. I am convinced that women make great pilots, insightful decision-makers and savvy travelers. Women just don’t use private aviation the same way men do. I have a few theories about why—and I desperately want to see it change.
- Women don’t travel privately as much as men do because they just don’t know as much about it. I think women's communication style lends itself to more relational topics while men discuss more physical things–like sports scores, hunting trophies or private jets.
Topics: 40K Glass Ceiling
King Airs are probably the most commonly modified turbine aircraft in civilian operations. As market analysts and brokers, this keeps us on our toes when comparing sales figures and market valuations because the combination of mods varies pretty significantly.