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:
- Purchasing a first jet is a highly complex process, requiring a clear understanding of the mission profile, thorough market assessment, and a comprehensive grasp of all ownership costs, not just the initial purchase price.
- Successfully navigating the jet acquisition process necessitates assembling a specialized team, including an experienced aviation broker, a dedicated aviation tax consultant, and a mechanical expert for due diligence on maintenance history and known aircraft issues.
- Key considerations for buyers include evaluating essential elements like engine programs (which act as an insurance policy), understanding the true value of aircraft beyond flashy aesthetics, and seeking advice only from aviation-specific professionals.
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