Category: Market & Industry News

On the other side of the scale are the aged aircraft, whose maintenance exposure in many cases far outweighs their asking prices. They continue to be a drag on the average “days on market” statistic, which increased by more than 5 percent in the second quarter of this year. While activity in the midsize and light-jet markets remains strong, those aircraft—which in some cases are several decades old—are also serving to skew the average asking prices in those categories, as their owners continually lower their sights in an attempt to attract some interest. In the light-jet category, the average asking price dropped by more than 17 percent year-over-year.

Dichter started Marquis Jets in 2000. It was the first fractional jet ownership program available. The company was a success and was earning over $700 million per year within just seven years. After almost a decade, Dichter sold Marquis Jet to NetJets , which is a subsidiary of Warren Buffett’s Berkshire Hathaway.

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Bombardier will offer aircraft acquired in trade, as well as seek available aircraft on the open market, it said, adding the program is limited to its own models. “This is a Bombardier initiative put in place to upgrade our current fleet in operation, thereby maintaining and increasing the overall residual value of all Bombardier aircraft,” the pure-play business jet company said, noting it has already delivered its first program aircraft. “Moreover, by diversifying our product offerings, we strengthen the connection with our customers and set the stage for long-term client retention.”

Some markets do have fewer good choices, so when a buyer finds that unique airplane that just perfectly fits their needs, they may be compelled to pay the asking price or very close to that. I would be very careful as a seller to say, “Oh, that was too easy, let’s get a bidding war going and get even more.” May I remind you that sometimes the first offer is the best offer, and yes, sometimes that happens even on day one of a listing?

Miysis can also defend against multiple, simultaneous incoming missiles, including the latest generation of shoulder-launched infrared man-portable air defense systems (MANPADS). According to Leonardo, Miysis has been independently verified to have a 100 percent success rate with UK and international customers conducting extensive analysis and live-fire trials. Miysis can operate as a standalone DIRCM system, in concert with a missile warning system, or can integrate with a range of defensive aid suites, the company said.