On the eve of NBAA 2013, aircraft brokers here are expressing confidence that values of pre-owned aircraft have stabilized and pre-owned business aircraft transactions are on the upswing.
Chapman Freeborn is launching a new initiative designed to help business jet flight schedulers tap into Chapman’s local knowledge and expertise when flying into unfamiliar or challenging territory. Under a program it calls Global Broker, the company is offering its expertise in business jet support services, overflight permitting, ground handling, fueling and passport and immigration services to fellow charter brokers, operators and others.
New online charter broker ClearJet recently launched a flat-fee charter buyer-seller matchmaking service that it claims is more transparent to both buyer and seller. ClearJet allows buyers to view all of the quotes and other details–including aircraft type, amenities and interior/exterior photos, but not operator name–for their requested trip, unlike typical charter brokers that present clients with only a “best price.”
Business aircraft sales, acquisitions, trading and brokerage services firm Jetcraft promoted David Dixon to president of Jetcraft Asia. He helped the company establish its formal presence in Asia earlier this year. In his expanded role, Dixon will manage overall operations and lead sales initiatives for Jetcraft Asia, spanning a territory from Beijing to Sydney. Dixon has been based in Asia for more than 30 years and previously was Bombardier Business Aircraft’s regional vice president for the Asia Pacific region.
While customers in Asia prefer new business jets, the market for used aircraft is starting to emerge in the region. However, when they do choose to buy pre-owned business jets they want younger aircraft that are less than five years old. To get a sense of how this part of the business aviation market is developing in Asia, AIN spoke with Jahid Fazal-Karim, board member and partner of business jet sales broker Jetcraft.
Business aircraft sales, acquisitions, trading and brokerage services firm Jetcraft opened a new office in Hong Kong today under the Jetcraft Asia banner. This establishes a permanent base in Asia for the company, which has been active in the region despite not having a “formal presence” there. Jetcraft co-owner and board member Jahid Fazal-Karim predicts a growing market for pre-owned business aircraft in Asia, particularly in China, within the next five years.
Gulfstream Aerospace is set to expand its preowned aircraft sales division to include aircraft brokerage services. The company will draw on its worldwide customer and sales prospect database to facilitate its new offering, and says it will keep tabs on the global used aircraft market to ensure listings it sources are “competitively priced.”
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.
Founded to promote self-regulation among air charter brokers, Acana (Air Charter Association of North America) has become the brokers’ alphabet group, taking the lead on issues affecting the charter brokerage business.
The Air Charter Association of North America (Acana), an organization promoting best practices for charter operators and brokers, will hold a forum on charter operator/broker legalities, transparency, consumer protection and update on DOT broker regulations at the upcoming NBAA Convention. The forum will be held on October 10 from 1 p.m. to 2:45 p.m.
- Page 1