Author Archives: Vincent Wigmans

We often get this question from business jet owners. Although there is not one easy answer possible, we can see some trends among business jet owners.  Here are four trends we noticed: As mentioned, everyone has his own reason to sell. Some business jet owners are just selling to make a quick buck, while other … Continued

The Cessna CitationJet (model 525) was developed to replace the older Cessna 500 Citation I (model 500) and Cessna Citation II aircraft. (model 550). The first flight of the 525 was in April 1991 and the first delivery took place in March 1993. Unlike earlier models, the 525 has been developed from the start to … Continued

When you are in the market to purchase an aircraft, you probably have noticed the term “off market”. But what does this exactly mean? There are multiple definitions about an off-market aircraft, but in general we can say that an aircraft is off market, when it is not traded or marketed on the open market/channels. … Continued

As we are regularly selling Turboprop aircraft, we often get questions about the engine. Most of the Turboprop aircraft we sell are equipped with a Pratt & Whitney PT6A engine. One thing buyers mostly don’t know is that a Hot Section Inspection (HSI) on a PT6A engine, when you have an engine health monitoring system in place, … Continued

The International Registry of Mobile Assets (IR) went into effect in 2006 and operates under the legal framework of the Cape Town Treaty. This IR was established to provide an electronic system that records the interests in airframes, aircraft engines and helicopters. An IR registration is required when an aircraft/helicopter is being financed. The lender … Continued

Most private jet owners know that, on average, 35% of the annual operating costs of a private jet is for maintenance. During the purchase of a private jet, you can easily calculate with upcoming standard maintenance inspections. But there will always be a level of unpredictable cost, for this kind of unpredictable cost you can … Continued

Most aircraft sales or acquisitions involves large amounts of money, and the payment of an aircraft is usually made in two parts. The first payment is the deposit to secure the aircraft and start with the pre-buy inspection, the second payment is usually the remaining balance of the purchase price after the aircraft has been … Continued

Have you ever considered buying your own aircraft? More and more people are thinking about having their own aircraft since the beginning of the corona crisis. Many people no longer want to be on an aircraft with other people because they are afraid of getting infected. Also, airline schedules were severely disrupted, making travel impossible … Continued

Regularly we receive questions from European registered aircraft owners about flying on an on-condition program. But what does on-condition flying mean? In short, it means, flying with an aircraft that has parts installed that are outside their overhaul limitations. To give an example, all piston engine manufacturers recommend a lifetime for their engines. This engine … Continued

Buying a private jet is different from purchasing real estate or any other high value asset. The purchase of a private jet is not something you do quickly, as this is a highly regulated area. Many potential buyers are not aware, that since August 2016 each operator/owner of a complex, motor powered aircraft, that is … Continued