Money

The Flight Department Company Trap
May 13, 2013
Setting up an LLC just to own and operate your jet could mean asking for trouble.
If I owned a business jet, my worst nightmare would go something like this: my airplane is involved in an accident and I get sued for zillions of dollars in damages.
A Tale of Two Continents
May 13, 2013
Gulfstream 550 (photo courtesy of Gulfstream)
It’s too early to predict overall sales for 2013, but one key indicator—the number of aircraft for sale—continues to tick lower, suggesting that a recovery is still ongoing. In fact, the number of available jets and turboprops is now at its lowest point in roughly five years.
The changing face of aircraft lending
February 26, 2013
The industry is already subject to substantial regulation. A Forbes 400 client purchasing an airplane recently faced the kind of scrutiny normally reserved for convicted felons. (Illustration by John Lewis)
Having emerged battered and bruised from the 2008 recession, aircraft lenders face fresh challenges. While worldwide economic woes linger like a bad cold that won’t go away, these lenders can expect accounting and regulatory changes that may have a significant impact on their business.
The Lease Alternative
February 1, 2013
An airplane seller who was acting as his own broker told me that he’d been abandoned at the sales altar on three recent occasions, each time because of issues with buyer financing. “Welcome to the club,” I thought.
Buying business aircraft: The board member’s role
January 28, 2013
Buying business aircraft: The board member’s role
For most corporations, the purchase of a business jet represents a major transaction that requires approval of the board of directors. What should the directors consider when the company is thinking about buying an aircraft?
Preowned Annual Report
December 1, 2012
Preowned Annual Report
The used jet market has had to ­contend with more than its fair share of obstacles over the past few years and 2012 didn’t offer any relief. They say that when the stock market moves up it climbs a wall of worry and that’s probably not much different from how jet buyers view the aircraft market. That said, there may be a bit less to worry about than there was last year at this time.
Giving Back
November 13, 2012
Giving Back
BJT readers–who represent one of the highest-net-worth magazine audiences anywhere–clearly have the means to contribute to a better world. But what’s the best way to do that? It’s not always easy to determine which charities are most reputable and efficient and which will make the best use of your donations. As such, we’ve decided to spotlight one deserving organization per issue.
Choosing your aviation lawyer
August 15, 2012
Choosing your aviation lawyer
When you need legal help buying, owning, operating or selling an aircraft, whom do you call? Many people contact their regular business attorney. That can be a big mistake.
One market, many interpretations
August 8, 2012
Just as different singers often offer widely varying interpretations of the same song, different observers view the used jet market from diverse vantage points. Moreover, a buyer’s or seller’s perspective on the market can make, impede or prevent a sale.
10 steps to a successful aircraft financing
July 25, 2012
10 steps to a successful aircraft financing
The business jet finance market is changing, just like the rest of the world economy. It’s becoming more highly regulated, more conservative and more international. Its biggest challenge is the surfeit of cash that many aircraft buyers have on hand with no compelling place to invest.

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Quote/Unquote

“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”

-Racecar driver Helio Castroneves