Dawn Kurry, Staff Writer – Triangle Business Journal January 2014 - He started flying planes when he was a freshman at the University of North Carolina at Chapel Hill in the early 1960s, when Raleigh-Durham International Airport was a tiny airstrip.
At 72, Charles “Bucky” Oliver is still flying. He is president of his RDU-based company, Jetcraft, which he says is the world’s largest corporate aircraft dealership.
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Business Jet Traveler interviewed Jetcraft Co-owner and Board Member, Jahid Fazal-Karim [as of 2016 Jahid became Jetcraft owner and Chairman], about his business and his family. The article can be found on their website and also in the February/March printed issue of Business Jet Traveler magazine.
BJT Management Series: A Few Words with…Jetcraft’s Jahid Fazal-Karim
Jahid Fazal-Karim became co-owner of Jetcraft in 2008 after a successful career at Airbus and Bombardier. At the time, the business jet brokerage firm had only 12 employees, but today it has approximately 40 in offices throughout the world. Though widely regarded as one of the top brokers in a notoriously cutthroat industry, Fazal-Karim is known for being humble, generous and self-aware. Here, he discusses his family, his remarkable upbringing and his rules for doing business.
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Moscow. It embodies the Russia of both yesterday, today, and tomorrow. As a bustling city of about 11 million, the city has cultivated the post-Communism capital spirit. Companies worldwide have taken notice. Just last year, for example, Morgan Stanley transacted the largest real estate deal at that time: the $1.2B purchase of the sprawling Metropolis Shopping and Entertainment Mall in Northwest Moscow.
Moscow now is an international financial center, and companies from other sectors have grown a strong branch presence there over the past two decades. It’s no wonder that Moscow’s Vnukovo International Airport is the leading airport for international departures in Europe (according to Avinode Marketplace). Vnukovo is convenient to the city, and its runway capacity can handle 60 aircraft movements per hour—even in compromised, low-visibility weather.
The appeal of staying awhile
One of the world’s most expensive cities, Moscow nevertheless is well worth the visit—wheth...
Jetcraft Supports UNICEF’s Humanitarian Project, Helps Protect One Million Children a Year.
Every year, three million babies worldwide die in the first 28 days of life. The majority of neonatal deaths result from complications related to preterm birth and infection. Most of these fatalities are preventable with a vaccine administered to the mothers.
Jetcraft has partnered with L’VOYAGE, Sino Private Aviation (HK) Limited (SPAL), and UNICEF to raise funds to provide immunization services to mothers and children in need in developing countries. With only three protective doses, the mother and her future newborns are able to be protected for five years from Tetanus, which kills one newborn baby every nine minutes. Apart from vaccinating mothers, efforts will also be made to vaccinate infants against life-threatening disease.
This year, Jetcraft’s corporate support of UNICEF’s “28 Days to Save a Child’s Life” campaign will help prevent infectious disease and save the ...
Written by Dan Dunn, former Jetcraft Vice President Sales, USA
A used aircraft sale will usually include a pre-purchase inspection to verify that the condition of the aircraft meets the representations made by the seller. This inspection is often referred to as a "Pre-Buy." An industry standard Pre-Buy inspection requires selecting an appropriate service facility that is approved to perform work and inspections by the manufacturer. It may be a center owned by the manufacturer itself, or a mutually agreeable facility.
The scope of a pre-purchase inspection is determined on several factors, namely age of aircraft and warranty status, recent or due inspections, and comfort level with the transaction in general. A Pre-Buy inspection is traditionally paid for by the buyer and may also include a test flight of the aircraft.
Many buyers will review the technical status of the aircraft and may negotiate with the seller to include scheduled maintenance that is near due in the ins...
Overview including differentiating features from other aircraft in its category
The Global 6000 is the fourth and latest business jet aircraft model built by Bombardier to compete in the new ultra-long range large-cabin market. The Global 6000 has a large spacious cabin in excess of 2,000 cubic feet and can travel non-stop over 6,100 nm. The ultra-long range market is defined as a new group of large cabin business jets that can fly 5,000 nm or greater distance. Today the ultra-long-range large cabin business jet market has exceeded 1,100 aircraft in operation.
As of July 2013, the Global 6000 market is comprised of 88% new versus 12% pre-owned. The percentage for sale is 4.9% with 100% under an exclusive broker agreement.
Brief History
The Global 6000 traces its roots to the Global Express XRS which was the third ultra long-range large-cabin business jet produced. The Global 6000 started delivering to customers in 2012. There are currently 61 Global 6000 aircraft in operati...
Ken Elliott, Jetcraft VP Avionics Systems, wrote an article about "LVO becoming center stage and whatever solves the problem has to work every time" that was published in the January 2014 issue of Professional Pilot magazine.
January 2014 – As the aviation industry focuses on ADS-B, PBN and Datacom, the gaps fill in between operators and air traffic control, eventually allowing seamless 4D trajectory based operations pretty much anywhere. Well, that is the plan at least. In reality we find that as long as everyone is equipped both ground and air, it is a nice clear day, the operation is approved and all of air traffic control is on the same page, there is a chance flights may go as planned. Too often this is not the case and debate continues determining the highest priority of operational improvements hoping to mitigate failings.
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Dawn Kurry, Staff Writer - Triangle Business Journal
December 2013 - Despite this year’s disappointing outlook on business jet sales by the National Business Aviation Association in October, Charles “Bucky” Oliver, CEO of Raleigh’s Jetcraft, says corporate airplanes are still the best way to get your foot in the door.
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Overview including differentiating features from other aircraft in its category
The Global 5000 is one of 4 business jet aircraft models built by Bombardier to compete in the ultra-long range large-cabin business jet market. The ultra-long range market is defined as a new group of large cabin business jets that can fly 5,000 nm or greater. Today the ultra-long-range large cabin business jet market has exceeded 1,100 aircraft in operation.
As of July 2013, the Global 5000 market is comprised of 59% new vs. 41% pre-owned. The percentage for sale is 12.2% with 88% under an exclusive broker agreement and the average days on the market are 267 days.
Brief History
The ultra-long-range large cabin business jet market began in 1995 with the Gulfstream GV followed two years later by the Global Express. The Global 5000 traces its roots to the Global Express which was the second ultra long-range large-cabin business jet produced and started delivering to customers in 1997.
The Glob...