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Private-jet market roars to life, and planemakers can't keep up

Private-jet market roars to life, and planemakers can't keep up
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Driving a bargain - Corporate Jet Investor


Driving a bargain
Aircraft supplies are running out
The skills needed to trade second-hand cars and business jets are very different. Getting a complicated aircraft transaction to close is very different to convincing a forecourt visitor to commit. This is not to diminish what successful car dealers do (especially as a significant number are business aircraft owners). But despite these differences, both groups are starting to face the same issue. A shortage of product.
“It is a wild ride right now,” says Kevin White, president, Jet Edge Partners.
“From electric scooters to G650s and everything in between, demand is high. In some markets there are no aircraft for sale.” ....

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10 Steps to a Successful Airplane Purchase


10 Steps to a Successful Airplane Purchase
It’s a complex process, but these tips can make it a bit simpler while increasing the chances that all will go well.
October 2020
So, you’ve decided to buy a factory-new airplane. Congratulations. Now the decision-making begins. Purchasing a new airplane can be even more complicated than designing and building a luxury home. But don’t be deterred. Following these 10 simple steps will help you maximize the productivity and enjoyment you get from your new “time machine” and avoid a contrail of tears in the future. 
1. Build your acquisition team.
Unless you’re well-versed in all realms of aviation tax and liability law, finance, insurance, brokerage, maintenance, and operations, you need a specialized team of experts to guide you through the purchase process and make key decisions, such as how to structure aircraft ownership. This expertise differs from what you may have required for your non-aviation busine ....

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