Aircraft Brokers Bring Buying Savvy To A Sellers’ Market
More first-time buyers are getting into business aviation, even as low inventories have created a sellers’ market in pre-owned aircraft. For those new to aircraft ownership, as well as experienced operators, brokers are helping their clients navigate the current market, as airline service remains below pre-pandemic levels, and many people continue to feel safer on a private aircraft.
A Citation Focus
Southern Sky Aviation Brokerage (dba Southern Sky Aviation), focuses heavily on Cessna Citation jets, due to their “superior dispatch reliability and manageable operating cost.” With long experience in the financial operation of the aircraft, the company can depict and advise clients about year-to-year operating costs. As one part of a full-service aviation company, the brokerage operation also draws on the expertise of its maintenance and operations departments during the aircraft purchase process.
Currently, about seven out of 10 Southern Sky Aviation Brokerage customers are corporations, of which three out of four are first time buyers. The corporations are looking to capture the bonus depreciation of their purchase, and with a private aircraft, complete a trip in a day, which could take three to four days via the airlines.
Turbine Helicopter Specialist
With more than two decades of experience as a global helicopter broker, HelicopterBuyer focuses on clients interested in the procurement, sale or trade of light-and-medium turbine helicopters from Airbus, Bell, Leonardo, MD Helicopters and Sikorsky. Clients include private and commercial operators in the air medical, utility, off-shore, corporate and government sectors.
The company’s expertise encompasses 34 years of engineering and business aviation industry experience developing global networks and performing market intelligence research, analytical valuations, marketing sales, and acquisitions. Other services include recommendations for financing, maintenance repair overhaul (MRO), upgrades and reconfigurations, and sea/air freight relocation.
Inventory Stocking Dealer
Banyan Air Services’ Aircraft Sales Division is an inventory stocking aircraft dealer specializing in aircraft acquisitions and brokerage services, primarily for turboprops and light-to-medium size jets. The company is also the authorized HondaJet Sales and Service Center for the southeast U.S.
Banyan’s facilities at Fort Lauderdale Executive Airport (FXE) offer a variety of services at one location, including a full-service FBO, a Part 145 repair station which covers heavy turbine aircraft maintenance; as well as an OEM-authorized repair, overhaul and installation capability.
Banyan recently added several additional corporate hangars to satisfy the high demand for large cabin hangar space in south Florida; it now has one million sq-ft. of hangar space.
With more than 40 years of experience and sales in 90 countries, Hatt & Associates Global Aviation Sales deals with import, export, deregistration and certification criteria, as well as with the FAA, EASA and all foreign aviation regulatory agencies. The company’s staff can manage the entire turnkey sales process requirements, including marketing, contracts and pre-buys.
Customers include a broad spectrum of private aircraft users, with a focus on high net worth individuals, privately-held small businesses and owner-flown buyers. Due to the COVID-19 pandemic, Hatt & Associates has served a number of first-time buyers preferring private aircraft to airline travel. Most of the transactions have involved Beechcraft King Air turboprops and mid- and super-mid-size jets, under $5 million.