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...
You would think that with such a historically loaded name, high school junior Nicholas Tesla Martin, “Nik,” would fret about filling the proverbial shoes of his namesake. According to Nik, however, he’s never felt pressure to take the same path as the man who made far-reaching achievements in electrical engineering; moreover, he regards his own engineering journey as a coincidence.
Still, it’s no wonder that when Nik approached Jetcraft about sponsoring him to attend the engineering leg of this year’s National Business Aviation Association (NBAA) conference, Lucy Castle quickly routed Nik’s gleaming list of accomplishments for funding approval. In addition to attending the NBAA seminars, Nik was pleased to connect with business aviation leaders, some of whom put him in touch with NASA for a possible internship.
Nik’s interest in business aviation and aeronautical engineering dates back to sixth grade, when he attended the class of an influential engineering teacher at h...
A conversation with Jetcraft CEO Chad Anderson
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Executive & VIP Aviation International , November 2013
In August, Jetcraft Corporation and ExecuJet Group announced that Jetcraft had acquired ExecuJet’s business aircraft sales division. The rationale for the deal was simple: it would benefit both organisations’ clients “by offering the largest selection of quality new and pre-owned business aircraft from around the globe”. In many ways ExecuJet disposing of its sales arm simply followed the trend of large FBO/aircraft management businesses deciding to focus on their core revenue generation activities and free up senior management time from the complexities of selling into a difficult environment. We have seen this theme before with TAG Aviation and others. Unlike ExecuJet, Jetcraft specialises solely in new and pre-owned sales and the deal now makes it the largest aircraft brokerage on the planet.
Q: When did the idea for this acquisit...
The Business Case and Performance Metrics Work Group (BCPMWG) presented three reports at the Sept 19th meeting of the Radio Technical Commission for Aeronautics (RTCA) NextGen Advisory Committee (NAC). These reports were the culmination of two years of research that supports improved understanding of NextGen impacts.
The Fuel Data sharing report was especially well received by the committee, as well as NAC chair, Bill Ayer. The FAA has not yet had an opportunity to formally address the report, but will respond at the February NAC meeting. Shortly after the NAC meeting, Michael Huerta referred to the research in these reports during a speech he delivered to the NextGen Institute public meeting on Friday, September 20th.
Jetcraft Avionics’ own Ken Elliott led the Data Sharing Task Group. The BCPMWD co-chairs, Ed Lohr, of Delta Air Lines, Inc. and Deborah Kirkman of The MITRE Corporation, acknowledged Ken’s efforts, saying: “Many thanks again to everyone who contributed to our w...
At the NBAA 2013 Conference in Las Vegas last week, FlyRealHUDs.com rolled out a new HUD simulator that was built for Jetcraft Avionics. It simulates the enhanced flight vision system called “HUD Vision Access” which was recently certified for use on the Bombardier Challenger 604 business jet. HUD Vision Access combines Kollsman’s EVS-II and AT-HUD giving pilots greater visibility through rain, snow, smog and even heavy fog – with a level of detail and contrast never before achieved. The two systems combine to form the world’s most advanced EFVS solution all from a single OEM. Jetcraft has the only HUD and Enhanced Vision aftermarket program for corporate and air transport aircraft.
View the article here.
Learn more about HUD Vision Access here.
On the eve of NBAA 2013, aircraft brokers here are expressing confidence that values of pre-owned aircraft have stabilized and pre-owned business aircraft transactions are on the upswing.
Jetcraft President, Chad Anderson, said “North America is back in action, which is a help for older aircraft.” Click here to read the full article.
Chad Anderson, Jetcraft President, spoke about Jetcraft and our globalization efforts while at EBACE.
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World Aircraft Sales, Sept 2013
by Ken Elliott
Forever the frugal partner, my wife for years diligently selected the lower cost shoe, then complained of foot pain and sought the advice of medical experts. She will willingly admit to ignoring my suggestion that the quality and subsequently price of the shoe is directly related to the comfort of the foot. One day after all other avenues were exhausted she relented and purchased an expensive pair of Walking Company shoes and has never looked back on the need to evaluate value when making choices.
Older and wiser today we both make decisions based mostly on a value equation. Another great example of that is choice of vacations, particularly accommodation. For some folks the vacation is about sightseeing and not where you stay. After experiencing several hotel mishaps, for us it became very important to consider the hotel. However that choice is subject to a value equation where price is only one of several...
