FAQs
Please browse our list of frequently-asked questions below.
How to best buy a private jet?
The best approach for buying a private jet is the following:
- Determine your flight requirements for your private jet including typical trip profile and passenger load.
- Establish a budget for the private jet purchase as well as financing requirements.
- Determine if you will charter the aircraft or only use for Part 91 operations.
- How many hours will you fly annually?
- Compare operational costs and cabins dimensions between target aircraft.
- Once it is determined which aircraft best fits your budget and mission requirements, begin reviewing the market pricing and availability for both on-market and off-market worldwide to compare and contrast the key differences.
- Review pricing trends and recent sale prices along with specs to base values.
- Prepare a Letter of Intent (LOI).
- Upon acceptance of the LOI buyer will wire refundable deposit with aircraft escrow company.
- Hire aviation attorney and prepare Aircraft Purchase Agreement. Contract maintenance facility to preform pre-purchase inspection.
- Based on finding from the pre-purchase inspection begin negotiation of squawk resolution.
- Buyer accepts or rejects aircraft and closing is scheduled.
- Review with tax attorney closing location to minimize tax implications.
- Review import/export CofA as well as registration requirements.
What are the most popular private jets on the marketplace?
The most popular private jets/aircraft on the market today are:
- Gulfstream
- Hawker
Can you assist me in selling my own private plane or helicopter?
Yes, we can! Please click here to submit a request and we would be happy to assist you.