Trending...
- NEMTAC® Brings Innovation to Accreditation Industry with the Launch of Collaborative Network Built on Distributed Ledger Technology
- EMH Productions Announce 'Live for Liberty' Charity Concert in Los Angeles Supporting "Woman, Life, Freedom" Movement in Iran
- Shortened GRE Test Coming September 2023 USA - English Middle East - Arabic Latin America - español Brazil - Português
NORTH PALM BEACH, Fla. - JerseyDesk -- One of the biggest decisions that prospective buyers of preowned private jets face is whether or not to buy one that is already enrolled in an engine maintenance program. There are many factors that need to be considered.
"An engine overhaul is the largest single cost a private jet owner will incur if you are not enrolled in an engine maintenance program," said Daniel Jennings, CEO of private jet broker, The Private Jet Company (TPJC). "Whether to purchase an aircraft on an engine program is a complex decision and depends on many factors, including the make, model, and age of the aircraft, how much you plan to fly it, your financial situation, and the availability and cost of spare engines. Overhauling a jet engine can cost millions of dollars."
The Private Jet Company (TPJC) provides sales, acquisition, and a wide range of private aviation consulting services to private jet buyers and sellers.
"Engine overhaul schedules vary by make and model and are determined by both the hours flown and years in service," explained Jennings.
"Having an aircraft on an engine maintenance program means your engine overhaul and midlife event costs are fully covered, so there are no unexpected surprises," explained Jennings. "Whenever you go to sell your aircraft that is enrolled in such a program, you can expect to get a higher price for the aircraft than if it is not. In fact, all plane valuations are based on the assumption that the craft is enrolled in a program."
More on Jersey Desk
"On the other hand, it may be more economical for some makes and models to pay for a replacement engine than it is to pay an hourly fee for an engine program. And, of course, the cost of an aircraft not enrolled in an engine program is likely to be less than one that is," Jennings noted.
"The best advice I can give is to consult with an experienced professional private jet broker," said Jennings. "There are many reasons why that is especially critical right now. The market for pre-owned jets is overheated with too many prospective buyers looking for a shrinking number of available aircraft. An experienced broker knows where to find pre-owned jets and how to negotiate the best deal, as well as all the ins and outs of complex depreciation regulations and engine maintenance programs."
Other ways jet brokers can help
Brokers can help private jet buyers, sellers, and owners in several ways: by finding private jets for sale that are off-market or that will come to market after refurbishment, upgrades or major maintenance; by negotiating a private jet sale with sellers using experienced brokers; by advising on financing and tax regulations of buying and owning an aircraft; by finding private jets for sale that could generate charter revenues to lower the acquisition costs; by finding a private jet for sale and knowing operators who will charter it out quickly.
For advice and information on acquiring or selling private jets:
Email Info@ThePrivateJetCompany.com or call (310) 980-9069
More on Jersey Desk
or go to https://www.ThePrivateJetCompany.com/
About The Private Jet Company (TPJC)
The Private Jet Company offers sales, acquisition, and consulting services for private aircraft in major markets throughout the world. Founded in 2005 with headquarters in North Palm Beach, FL and regional offices in Paris, France and Mexico City, Mexico, TPJC has completed over $2 billion of aviation transactions for individual and corporate owners. In addition to assisting clients buy and sell aircraft, the company works with aircraft management companies to reduce the burden of maintenance and supplement revenue through charters. TPJC also partners with aviation attorneys and tax experts to help clients maximize depreciation, reduce tax burdens, and assist in import and export Certificates of Airworthiness.
# # #
Photo caption: Engine overhauls are the single largest cost a private jet owner could incur after purchase if the aircraft is not enrolled in an engine maintenance program. Whether or not to buy a jet that is enrolled in an engine maintenance program depends on several factors.
"An engine overhaul is the largest single cost a private jet owner will incur if you are not enrolled in an engine maintenance program," said Daniel Jennings, CEO of private jet broker, The Private Jet Company (TPJC). "Whether to purchase an aircraft on an engine program is a complex decision and depends on many factors, including the make, model, and age of the aircraft, how much you plan to fly it, your financial situation, and the availability and cost of spare engines. Overhauling a jet engine can cost millions of dollars."
The Private Jet Company (TPJC) provides sales, acquisition, and a wide range of private aviation consulting services to private jet buyers and sellers.
"Engine overhaul schedules vary by make and model and are determined by both the hours flown and years in service," explained Jennings.
"Having an aircraft on an engine maintenance program means your engine overhaul and midlife event costs are fully covered, so there are no unexpected surprises," explained Jennings. "Whenever you go to sell your aircraft that is enrolled in such a program, you can expect to get a higher price for the aircraft than if it is not. In fact, all plane valuations are based on the assumption that the craft is enrolled in a program."
More on Jersey Desk
- Independent Film Inspired by 2020 Social Justice Movement Launches on Amazon Prime
- Recess Games June 2023 Event Calendar
- Billboard, Music Week, and DJ Times Charting Recording Artist, NOAH, Releases Groundbreaking Single "BABYMAKER"
- Iveric Bio Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
- The first named storm of 2023 Hurricane Season is here. Use these 3 steps to prepare your organization
"On the other hand, it may be more economical for some makes and models to pay for a replacement engine than it is to pay an hourly fee for an engine program. And, of course, the cost of an aircraft not enrolled in an engine program is likely to be less than one that is," Jennings noted.
"The best advice I can give is to consult with an experienced professional private jet broker," said Jennings. "There are many reasons why that is especially critical right now. The market for pre-owned jets is overheated with too many prospective buyers looking for a shrinking number of available aircraft. An experienced broker knows where to find pre-owned jets and how to negotiate the best deal, as well as all the ins and outs of complex depreciation regulations and engine maintenance programs."
Other ways jet brokers can help
Brokers can help private jet buyers, sellers, and owners in several ways: by finding private jets for sale that are off-market or that will come to market after refurbishment, upgrades or major maintenance; by negotiating a private jet sale with sellers using experienced brokers; by advising on financing and tax regulations of buying and owning an aircraft; by finding private jets for sale that could generate charter revenues to lower the acquisition costs; by finding a private jet for sale and knowing operators who will charter it out quickly.
For advice and information on acquiring or selling private jets:
Email Info@ThePrivateJetCompany.com or call (310) 980-9069
More on Jersey Desk
- People & Stories/Gente y Cuentos to Receive $20,000 Grant from the National Endowment for the Arts
- Calvetta Phair, CEO of America's Workforce Solution, LLC, accepted into the Nasdaq Entrepreneurial Center, 'Milestone Circles' Program
- DatChat, Inc. Provides Update on Share Repurchase Program
- Australian Battery Recycling Technology Startup Advances Its Innovative Battery Metals Recovery Process
- Trump Bus Tour sponsored by Legacy PAC will roll into the Georgia GOP State convention June 9th and 10th Columbus Georgia
or go to https://www.ThePrivateJetCompany.com/
About The Private Jet Company (TPJC)
The Private Jet Company offers sales, acquisition, and consulting services for private aircraft in major markets throughout the world. Founded in 2005 with headquarters in North Palm Beach, FL and regional offices in Paris, France and Mexico City, Mexico, TPJC has completed over $2 billion of aviation transactions for individual and corporate owners. In addition to assisting clients buy and sell aircraft, the company works with aircraft management companies to reduce the burden of maintenance and supplement revenue through charters. TPJC also partners with aviation attorneys and tax experts to help clients maximize depreciation, reduce tax burdens, and assist in import and export Certificates of Airworthiness.
# # #
Photo caption: Engine overhauls are the single largest cost a private jet owner could incur after purchase if the aircraft is not enrolled in an engine maintenance program. Whether or not to buy a jet that is enrolled in an engine maintenance program depends on several factors.
Contact
Daniel Jennings - CEO, The Private Jet Company
Chris Lazarus - PR for The Private Jet Company
***@chrislazarus.com
Daniel Jennings - CEO, The Private Jet Company
Chris Lazarus - PR for The Private Jet Company
***@chrislazarus.com
Source: The Private Jet Company
Filed Under: Business
0 Comments
Latest on Jersey Desk
- Southern Ocean Chamber Women In Business Holds June Gathering
- Redefining Professional Spaces: The Rise of Dual-Purpose Backyard Office Sheds in America
- A WORLD LEADER IN CONVERGED BROADBAND, VIDEO AND MOBILE COMMUNICATIONS, LIBERTY GLOBAL, SELECTS GEP SOFTWARE TO TRANSFORM ITS PROCUREMENT, AND DRIVE VALUE TO CUSTOMERS AND SHAREHOLDERS USA - English USA - English
- Registration is Now Open for the 2023 CGI Integrated Care Conference
- Shortened GRE Test Coming September 2023 USA - English Middle East - Arabic Latin America - español Brazil - Português
- Studeo dévoile StudAI : l'Intelligence Artificielle au service de l'éducation
- Top Biohazard Remediation Firm Serving Throughout PA and NJ In High Demand
- Water Damage Restoration Firm Jumps into Action After Recent Flooding
- NJ and PA Serving Water Damage Restoration Firm Sees Exceptional Demand
- EMH Productions Announce 'Live for Liberty' Charity Concert in Los Angeles Supporting "Woman, Life, Freedom" Movement in Iran
- NEMTAC® Brings Innovation to Accreditation Industry with the Launch of Collaborative Network Built on Distributed Ledger Technology
- Latino Leaders Network to Honor Mayor Kate Gallego of Phoenix with the Antonio Villaraigosa Leadership Award at the 38th Tribute to Mayors
- Century Fasteners Corp. – Robert D. Botticelli, Hired
- The Intraoral Camera Is Now Used At The Advanced Smile Dentistry Office To Plan Oral Treatments!
- Levinger-Regens Analytics Reveals New Energy Outlook
- Lotus Clinical Research Expands Partnership with Veeva to Accelerate Clinical Trials USA - English USA - Français USA - Deutsch USA - español
- UVify Unveils the Groundbreaking SLAMDAQ
- Dancing Numbers Unveils Google Sheets QuickBooks Integration, Streamlining Data Import, Export, and Deletion
- ReadyCommunities Partnership of CCROA Announces National Service Awardees Who Helped Save Passengers from the Derailed Train Near Rural Mendon
- InventHelp Inventor Develops All-In-One Cleaning Tool (NJD-2558)