Short

August 4, 2013 - 12:40am

The typical summer build in inventory is being held at bay perhaps by buyers’ sense that values have arrived at such attractive, even laughably low, levels that it doesn’t make sense not to buy. Some would-be sellers may be applying similar logic and removing their aircraft from the market as a result of those same low levels. Regardless of the reason, inventory is holding steady at a time when it often increases.

August 3, 2012 - 2:45am

For LightSquared founder Philip Falcone, a man who has seen his 2008 assets of $28 billion dwindle to less than $5 billion today, having the Securities and Exchange Commission hound him for mishandling the payment of his 2009 personal federal and state taxes of $113 million must be a bit irksome.

May 13, 2012 - 6:45am
SimplyFly finance

With financing for business aircraft still far from easy to secure, ExecuJet Aviation has stepped up its efforts to help get more people airborne through its SimplyFly Finance program. The plan is to offer fast-access, simplified nonrecourse financing in the shape of five-year loans or leases for up to 70 percent of the value of an aircraft worth at least $20 million and no more than five years old. An initial fund of $400 million provided by ExecuJet’s main shareholder Dermot Desmond is available to support the program.

January 1, 2012 - 5:20am

In an era when the Internet is eliminating many forms of privacy, the charter industry remains somewhat opaque, leaving charter clients without essential information about their trips, in the opinions of James Chitty and Nicolos Bozzo, founders of PlaneClear, based in Long Island City, N.Y.

Chitty, PlaneClear’s president, worked for Liberty Jet and vice president Bozzo for Gama Aviation before they founded PlaneClear in 2008, “to bring unprecedented transparency to the private charter market,” according to a PlaneClear statement.

March 28, 2011 - 6:20am

Attractive pricing persists on many popular models despite a continued tightening of inventory to its lowest level since peaking less than two years ago.

October 1, 2010 - 9:20am

The eye-popping total of 2,750 pre-owned aircraft for sale today is a lot based on historical standards, but it is well below the peak reached a little more than a year ago. The broker community and OEMs monitor the total number of aircraft for sale because it is an important measurement on which to gauge the health of the used aircraft market, but when you scratch beneath the surface you realize that the sky is not falling.

August 2, 2010 - 10:02am

The Department of Transportation is planning to issue a notice of proposed

August 2, 2010 - 10:01am

The Department of Transportation is planning to issue a notice of proposed

August 2, 2010 - 10:00am

The Department of Transportation is planning to issue a notice of proposed

May 26, 2010 - 9:58am

Despite teetering over the abyss of economic collapse and having to overcome negative public perception surrounding corporate jet ownership, the used aircraft market has battled back, slowly and perhaps surprisingly consistently, chipping away at a glutted market. Month after month since late 2008, buyers have stepped into the market and pared back the numbers to arrive at the lowest inventory level in a year-and-a-half.

 
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