Some say the age of the Renaissance man is over, but if a modern definition exists for such a person, then Christopher John “C.J.” Wilson makes a fine fit. More than a talented pitcher for the Los Angeles Angels of Anaheim, California baseball team, he combines the flash of a speed-hungry sportsman and business owner with a flair for writing, photography and cooking and an attitude that helps him continue improving his fast-paced life.
Recent constriction in the fractional space and changes within the remaining programs are stacking the deck against shareowners, curbing rights, and cutting once-standard benefits, contend a pair of consultants who represent share buyers. We spoke with them about the trends they see and also solicited comment from the two largest national fractional-share providers, NetJets and Flexjet, both of which provided written replies to our queries.
Vref, the transactional-market tracking service, recently created a pair of best-buy lists that underscore the hit business jet valuations have taken since 2008.
The lists, which appear in Vref’s quarterly Market Leader newsletter, rank 47 aircraft models, manufactured in 2008 and 2012, by the percentage of value they’ve lost since they were new: the greater the depreciation, the better the buy. (Conversely, of course, if you already own one of these models, the higher it is on the list, the more you’ve lost.)
Art Dawley is CEO of Wyvern Consulting, which for 25 years has provided risk-assessment and safety-audit services for the air charter industry and its customers. The U.S.-based group has established the well-regarded Wingman Standard, a set of guidelines intended to give charter customers peace of mind about the level of safety they can expect from aircraft operators and their flight crews.
I’ve admired the beauty of the wild trout found by President Thomas Jefferson’s Corps of Discovery since the first time I caught one while wading a sandy beach of Yellowstone Lake in the spring of 1974. The species is called “cutthroat” because of a vivid reddish-orange slash curving across each lower jaw.
With prices at historic lows, inventories high, and retrofit options able to transform old airframes into like-new airplanes, will there ever be a better time to buy a preowned aircraft? Possibly, should the long slide in preowned prices that began in 2008 continue. Still, great opportunities for buyers await right now. Just be sure you enlist the help of a broker who possesses the technology that has become so crucial to these deals.
“Mistakes are part of the dues one pays for a full life. ”