Jim Sorokan, VP Sales, Jetcraft Commercial
Location: Toronto, Canada

How long have you been at Jetcraft?

I joined the Jetcraft Commercial in June of this year.  It has been a positive and supportive on-boarding experience during the transition into this organization.

What are your responsibilities within the global Jetcraft team?

Working with our client base to ensure their requirements are met beyond expectation.  This process includes two critical parts. First, acquiring aircraft to meet customer needs.  Second, supporting the sale or lease of commercial assets to achieve economic objectives our customers expect from us.

Describe a typical day or week in your role.

A typical day starts by checking-in with customers and suppliers to keep momentum high on open issues and closing out completed tasks.  Timely reporting of successes and challenges to management team ensures they are in the loop and ready to support.  This rolls up to moving each transaction forward with stakeholder engagement.

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Jetcraft is expanding its presence in the Americas with the appointment of Preston Jasper and Derek Long as Sales Executives.

Dedicated aviation specialists, Jasper and Long join Jetcraft with a combined experience of nearly 20 years in business aviation and financial services.

Jasper joined Jetcraft in 2019 after starting his career in corporate finance – beginning his Jetcraft tenure as a Sales Engineer before later moving up to Sales Manager. Based in Minneapolis, MN, Jasper will oversee Jetcraft’s strategic client partnerships in the mid-west US region.

Long joins Jetcraft following a 14-year career in banking and business development, including a decade-long tenure at PNC. Based in Atlanta, GA, Long will drive Jetcraft’s aircraft sales and acquisitions in the mid-Atlantic US.

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Jetcraft Commercial is announcing delivery of the first five of eight Bombardier CRJ1000’s to an undisclosed customer.

These deliveries are taking place following Jetcraft Commercial’s acquisition of 14 Bombardier CRJ1000 aircraft from HOP! Air France in March 2022.

Raphaël Haddad, President of Jetcraft Commercial, says: “With low operating costs and greater fuel efficiency, the CRJ1000 aircraft is ideal for meeting the needs of growing regional airlines. We are proud of Jetcraft Commercial’s proven capabilities in structuring and closing the transaction of numerous aircraft in a swift and efficient manner and we are confident that the remaining CRJ1000 aircraft in our inventory will be placed in the coming months.”

Jetcraft Commercial launched in 2015, capitalizing on Jetcraft’s existing international presence and experience to offer clients an agile partner within the commercial aircraft sales and leasing community. With a diverse inventory, featuring aircraft f...

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By Raphael Haddad, President, Jetcraft Commercial

Is there ever a ‘normal’ year in aviation? Since launching in 2015, Jetcraft Commercial has already seen this extraordinary industry enjoy highs and face turbulent, challenging lows. Supporting airlines and operators with their commercial aircraft transactions, we certainly experienced another remarkable year in 2021, and 2022 is shaping up strongly.

Industry confidence is building, with International Air Transport Association (IATA) director general Willie Walsh, reporting this May “very strong bookings” and saying: “I think that recovery will gather momentum as we go through the rest of this year into 2023.”

In March, IATA announced expectations that overall traveler numbers would reach 4bn in 2024, exceeding pre-COVID levels (at 103% of the 2019 total). But passengers stranded at UK airports this year, faced with flight cancellations, lost baggage and even calls for the army to intervene from Ryanair boss Michael...

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Product Overview

The Legacy 650 is in the family of Embraer business jets that were based on the regional commercial airliner passenger jet ERJ-145. The Legacy 650 is a derivative of the Legacy 600 model but offers a longer range and a lower alley with increased headroom. An enhanced version, the Legacy 650E, was announced at the 2016 NBAA.

As of February 2022, 55% of all Legacy 650 aircraft were purchased pre-owned by their current owners, the other 45% new. 3.2% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 69 days.

Brief History

The Embraer Legacy 650, a longer-range version of the Legacy 600, was announced at the 2009 NBAA annual event and was certified by the FAA in February 2011. Production of the Legacy 650 ended in 2017 with a total of 97 aircraft produced. One is retired and one is with the manufacturer.

Worldwide Appeal

There are 95 Legacy 650 aircraft in operation today, all of which are wholly owned. 6.3% are currently leased. Asia has the largest percentage of wholly owned Legacy 650 aircraft (38%), followed by Europe (34%) and South America (15%).

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Kerry Prihoda, Accounts Payable Specialist, Jetcraft
Location: Raleigh, NC, US

How long have you been at Jetcraft?

I have been with Jetcraft for one year. I started in May of 2021 as a temp to hire and became an official employee on July 1^st last year.

What are your responsibilities within the global Jetcraft team?

I work directly with the finance and administrative teams to help support our Controller and any special projects. My responsibilities include the day-to-day accounts payable specialist tasks such as managing the accounting inbox, reviewing our vendor invoices and sending off for approval as needed, code and prepare invoices(s) for payment via wire, and code and load the invoices into the accounting system for payment.  Some of my other responsibilities are setting up and maintaining our vendor files, preparing expense reports for staff, reconciling vendor statements, review aged AP, and annually prepare the 1099 forms, and support with month end and quarter close duties. In a nutshell it’s my job to ask questions and make sure our I’s are dotted and our T’s are crossed for auditing, compliance and documentation purposes.

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Product Overview

The Learjet 60 was replacement for the mid-size Learjet 55C and was a mid-size cabin, medium range business jet. Thrust reversers and single point refueling are standard equipment, and the aircraft features a full galley together with an aft toilet. It also benefits from numerous aerodynamic refinements to its wing and fuselage, as well as larger aft stabilization delta fins.

As of February 2022, 93% of all Learjet 60 aircraft were purchased pre-owned by their current owners, the other 7% new. 5.7% are for sale with the majority of those (62.5%) under an exclusive broker agreement. When for sale the average time on the market is 96 days.

Brief History

The Learjet 60 was announced in October 1990, just a few months after Bombardier acquired Learjet. The first Learjet 60 flight was in 1991 and deliveries began in 1993. Production of the Learjet 60 ended in 2007 with a total of 316 aircraft produced. 36 have since been retired. The Learjet 60XR was launched as the new variant in 2005 and ended production in 2013.

Worldwide Appeal

There are 280 Learjet 60 aircraft in operation today. The majority of those (273) are wholly owned with 7 in shared ownership. 3.9% are currently leased. North America has the largest percentage of wholly owned Learjet 60 aircraft (75%), followed by South America (10%) and Europe (6%).

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As we celebrate 60 years in the industry, we’re reflecting on the value we bring to our clients every day. Over the decades, our global team has worked tirelessly to deliver industry-leading market intelligence, unbeatable access and proven results to go further and faster for every aircraft transaction. Check out our latest video to learn more about “The Jetcraft Feeling.”

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Marty Rhine, Vice President of Sales, West Star Aviation

How long have you been at your current organization?

I have been with West Start Aviation for 17 years.

What are your responsibilities within your organization?

My primary responsibility includes managing the sales, contracts, design, and business development teams.

Describe a typical day or week in your role.

I would describe my typical day as dynamic. Every day is a little different in the challenges that it presents.  I try to keep things moving in the right direction for the best results.

What do you love most about your job?

The people.  I particularly enjoy watching a new sales person mature as they earn the confidence and trust of a new customer.  To witness the initial bond and to watch their relationship begin to grow is something special.

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