Any number of experts can help you buy a jet. Unfortunately, I am not one of them. But I did buy a jet — my first — recently, and the experience taught me some lessons. It is entirely possible that you and your company will employ an expert or two to help you find a turbofan-powered airplane and that my experience will seem bush league to you. It did not seem bush league to me. Since buying the jet, I’ve spent several hours listening to recorded messages when looking for information from Rockwell Collins (FMS database), CAMP (maintenance tracking) and Williams International (engines).
How to Buy a Used Jet
Key Takeaways:
- First-time jet acquisition is a highly complex process requiring a deep understanding of one's mission profile and the extensive, true costs of ownership beyond the initial purchase.
- It is essential to assemble a specialized team, including a light-jet broker for market insights, an aviation tax consultant for legal/financial structuring, and a maintenance expert for aircraft inspection and history review.
- Buyers should exclusively seek advice from aviation-specific professionals, as general financial or legal advisors typically lack the specialized knowledge required for such a transaction.
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