The National Aircraft Resale Association (NARA) announced that two new products and services members, Embry-Riddle Aeronautical University and LL Johns & Associates, have joined the association. All NARA members must follow a code of ethics and broker/dealer members must pass a rigorous application process, established last year, to become an exclusive NARA-certified aircraft broker/dealer. “NARA products and services members’ commitment to the code of ethics guarantees value and instills the highest degree of confidence for aircraft buyers and operators,” it said.
Argus will launch a certified charter broker program in the first quarter, it announced today at the NBAA Schedulers & Dispatchers Conference in New Orleans. The program will provide charter operators and end-consumers with information necessary to make a “confident decision” when engaging a charter broker.
The comment period for the U.S. Department of Transportation’s notice of proposed rulemaking (NPRM) on charter brokers is now closed. The NPRM stems from NTSB recommendations following the crash of a chartered Bombardier Challenger 601 on Nov. 28, 2004, in Montrose, Colo., which raised the issue of how difficult it can be for charter customers to know the identity of the charter operator when trips are arranged on their behalf.
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.”
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