Jetcraft is the largest worldwide buyer and seller of business aircraft, with 60+ years of experience. We understand that every transaction is personal, and our team of experts work diligently on our clients’ behalf. For decades we’ve been supporting buyers to find the right aircraft for their mission, and ensuring that sellers benefit from our global network and sophisticated promotional tools to capture the attention their aircraft deserves.
David Monacell, Executive Vice President, CFS Jets
My role with Mitch McCune is to oversee the day-to-day operations of CFS Jets. Myself primarily, I’m responsible for the growth and development of the sales team.
Explaining a typical week or day is a real challenge, I’m engaged in the sales process and every deal is different. As well, other challenges present themselves in different projects or anything else that we are emersed in. It would be a challenge to have two weeks that were identical.
The European commercial aviation industry has rebounded faster than expected following the pandemic, with particularly strong recovery seen in the regional market.
This return to health is underlined by the European Travel Commission (ETC), which has predicted international tourist arrivals to Europe will surpass 2019 levels in 2024, a year earlier than previously forecast.
For major airlines, there’s a challenge in meeting this increased demand at a time when certain narrowbody models are contending with well-publicized Pratt & Whitney GTF engine problems, and globally, narrowbody inventory remains scarce.
The result is a growing trend towards European airlines turning to regional aircraft and seeking longer leases to source the capacity they need.
The Gulfstream G550 is a large-cabin, ultra long-range business jet traveling at ranges in excess of 6,700 nm. It features up to four distinct living areas, three temperature zones, and a choice of 12 floor-plan configurations with seating for up to 19 passengers. The G550 is equipped with the Gulfstream PlaneView cockpit, based on the Honeywell Primus Epic architecture and display system. The PlaneView cockpit presents critical flight information on 14-inch (36 cm) liquid crystal displays arranged for easy interpretation. The latest in Head-Up Display technology integrated with the next-generation Gulfstream Enhanced Vision System (EVS) II. The aircraft is also equipped with commercial and military communications equipment to provide secure voice and data capability.
As of March 2024, 6.7% of Gulfstream G550 aircraft are currently for sale with the majority (65%) under an exclusive broker agreement. When for sale, the average time on the market is 161 days.
The G550 is a business jet produced by Gulfstream aerospace and is part of the Gulfstream V family. Known for its long-range capabilities, luxurious interior, and advanced avionics, the G550 has become a popular choice for business and private aviation. The aircraft was first introduced in 2003 and later began production that same year. It’s a successor to the Gulfstream IV and has undergone various upgrades over the years to enhance performance and efficiency. The first G550 was delivered in 2003. Production of this aircraft later ceased in 2021.
The theme for this year’s International Women’s Day (on 8 March) is ‘Inspire Inclusion’. Ahead of the day – which celebrates women’s achievement and promotes a more equal society – we caught up with one of Jetcraft’s senior women, Sales Director Laurence Vidal.
In this month’s Q&A, we take a sneak peek from Laurence’s broader interview to explore how she began her aviation career and what women can do to take the next step in the aviation industry.
I started my career as an engineer at Dassault Aviation in the south of France. This was a very technical role in the flight test centre that involved working closely with mechanics on aircraft certification.
In 2012, I had become interested in business aviation sales and moved to Brazil to pursue this, spending around eight years at Bombardier. At the beginning of last year, I took up the Sales Director role at Jetcraft overseeing South American territories including Chile, Argentina, Uruguay, Brazil, Bolivia and Paraguay.
At Jetcraft, we’ve put together the strongest and most dedicated team of aviation specialists, ready to sell your aircraft quickly and at the best price. That includes our legal experts, who handle negotiations for letters of intent, purchase agreements, and closing for each aircraft, while simultaneously advising the sales team on how to best structure their transactions.
In this video, Matt Potts, General Counsel – EMEA, explains the dedicated support Jetcraft can provide, navigating even the most complex of deals.
The legal team are generally only involved if we are purchasing and selling an aircraft. This could be an almost simultaneous purchase and sale, purchase for inventory or sale out of our inventory. We handle all the negotiations for the letters of intent, purchase agreements, drafting, closing preparations, and closing of the aircraft. On the front end of the deals, we will also advise the sales team on how to properly structure a transaction and get the logistics right so that we can get the deal done successfully.
Product Overview
The Global 7500 is the largest and longest-range business jet on the market. The length of the aircraft is 33.8 m, overall height is 8.2 m and wingspan is 31.7 m. The aircraft includes a new high-speed transonic wing, which significantly optimizes its aerodynamic efficiency. The Global 7500 features an onboard maintenance system (OMS), datalink, high-speed SATCOM, next generation cabin management system (CMS) and controller pilot data link communication (CPDLC).
As of February 2024, all global 7500 aircraft have been purchased new. 2.7% of those are currently for sale with the minority under an exclusive broker agreement. For those on the market, the average sale time is 170 days.
Brief History
The Global 7500 successfully completed its first flight in November 2016, marking a significant milestone in its development. Originally named the Global 7000, the model was renamed the Global 7500 after its extended range, 7.700 nautical miles, was announced in 2018. Type certification with Transport Canada was completed in September 2018, the FAA in November 2018, and the European Aviation Safety Agency signed off on the new model in early February 2019. The Global 7500 had 100 secured orders as it entered service on 20 December 2018.
India’s aviation sector is thriving. No other country in the world ordered more aircraft during 2023, with Indian airlines spending billions on close to 1,000 new jets. This surge highlights the strength of the commercial aviation market and demonstrates significant growth potential for the business aviation sector.
The nation is currently the busiest Asian market for business jet activity, with WingX data showing movements in 2023 are up 21% compared to 2022. The report also shows 2023 business aviation flying levels are down 4% on 2022 globally, so India’s growth is bucking the trend. At Jetcraft, we’ve seen rising demand from prospective buyers in India, with midsize and large aircraft types the most popular.
Gaspard Milazzo, CEO and Sales Broker, G-Yachts
I founded the company 25 Years ago and have enjoyed serving our clients since then.
I am the CEO of G-Yachts and also work as a Senior Yacht Broker.
I start my day by having tea with my twin daughters, followed by a sports workout for an hour. After that, I head to the office in Monaco for meetings with my team. Often, I’ll go to lunch with my clients before returning to work. When I get home, I like to cook and enjoy dinner with my partner and daughters.