In a first-of-its-kind partnership, Jetquity has joined forces with Jetcraft, to offer its pioneering Residual Value Program to Jetcraft’s extensive client base. The “Protect Program” is designed to provide aircraft owners with a clear exit strategy by stipulating the exact exit price of their aircraft.

Asad Rahman, Jetquity’s CEO, expressed his enthusiasm about the collaboration, stating, “The Protect Program is about instilling confidence and clarity in aircraft ownership. By letting owners know their exit price, we’re revolutionizing the buying and selling process in the aviation world. As part of our objective to align with the most esteemed names in business aviation, we’re thrilled to partner with Jetcraft as the first aviation specialist to bring the Protect Program to its clientele.”

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, adds: “Today’s pre-owned jet marketplace is extremely complex, and at Jetcraft, we’re committed to harnessing innovative technology to benefit our clients. Through Jetquity’s Protect Program, we’re offering our customers the peace of mind that comes with knowing their aircraft’s future resale value, and when they are ready to sell their investment, access to Jetcraft’s market-leading intelligence and strategic financing solutions to support even the most complex of transactions.”

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Jetcraft is teaming up with Bill Papariella as the exclusive trading partner to the former JetEdge CEO’s new company, AeroVentures.

Chad Anderson, CEO at Jetcraft, says: “With Jetcraft, Bill is taking his global perspective to the next level. He is a recognizable force in this industry and now he has access to a leading transaction team located all over the world that’s backed by proprietary data analytics. Our partnership with AeroVentures will allow him to better serve the demands of his clients, and his strategic aircraft investments.

“For Jetcraft, AeroVentures gives us access to Bill’s extensive network supported by strong credit lines, creating even more opportunities for our customers to continue transacting at the Speed of Life. We’re looking forward to a fruitful relationship.”

AeroVentures is an investment firm uniquely focused on innovating and evolving the world of global aviation through direct equity and credit investments to leading businesses providing technology, service, and infrastructure solutions to the business aviation industry. AeroVentures’ unmatched expertise and unique vision provides investment partners from across the world with opportunities to foster strong long-term growth. The distinguished experience of their portfolio management team and CEO Bill Papariella in the global aviation industry distinctly positions AeroVentures as a powerful new investing partner in the private aviation category.

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The next member of our Fastest Sales Team in the World is Jack Doohan. While Jack isn’t an official member of the Jetcraft sales team, he’s a Formula 2 driver for Virtuosi Racing and reserve driver for BWT Alpine Formula 1, and most importantly, a partner and friend of Jetcraft.

Can you introduce yourself, and your relationship with Jetcraft?

My name is Jack Doohan and I’m a Formula 2 driver for Virtuosi Racing, which is part of the Alpine Academy.  I’m also a reserve driver for the BWT Alpine Formula 1 team. I’m fortunate to have a personal partnership with Jetcraft. I appreciate their support, and I’m excited about our future together.

How long have you been racing for?

I come from a motorsport family and my dad, Mick Doohan (five-time MotoGP World Champion), certainly influenced my path, but racing has always been something I wanted to do. We have a kart track at our home in Australia, so I’ve been driving since I was three or four years old and racing since I was eight. For as long as I can remember, my world has revolved around both two and four wheels, so competing felt like a natural choice for me. Luckily, I took the safer route.

Did you always see yourself entering the racing world?

My life has always been about racing, I never really considered any other path, and I can’t remember a time when I wasn’t thinking about becoming a racing driver. That remains the case, even today. While I do have plans outside of racing in my distant future, my certainty in wanting to take this route and be the best that I can be has never wavered.

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Product Overview

The Challenger 3500 features the most technologically advanced cabin in its class and introduces productivity enhancing features such as the industry’s first voice-controlled cabin and the revolutionary Nuage seat as well as the lowest direct operating costs in its class. The Challenger 3500 has outstanding field performance and steep-approach capabilities and can operate in and out of some of the most challenging airports around the world.

As of August 2023, the Challenger 3500 market had no pre-owned aircraft for sale.

Brief History

The Challenger 3500 was introduced in September 2022 as an updated version of the Challenger 350 in the super midsize business jet market.

Worldwide Appeal

There are 33 Challenger 3500 jets in operation worldwide. The majority of those (19) are wholly owned with one in shared ownership and 12 in fractional ownership. 2.9% are currently leased. By continent, all Challenger 3500 are in North America. Flexjet owns the largest fleet of Challenger 3500 aircraft with 10.

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Richard Libby, VP Sales, Jetcraft Commercial
Location: Toronto, Canada

What are your responsibilities within the global Jetcraft team?

My responsibilities within Jetcraft commercial are the acquisition and sale of commercial aircraft, primarily within the Americas. We are a small team and we’ve got relationships across the world, so this tends to go beyond the strict lines of the boarder, but that is my primary responsibility.

Describe a typical day or week in your role.

A typical day or week in my role is mainly managing transactions that we have going on. Making sure that any problems that come up, get resolved and between all that, prospecting for new deals and following up with existing relationships.

Describe the company culture at Jetcraft and what it means to you?

The company culture at Jetcraft to me is very collaborative, very supportive and coming from my background in very large corporations, it’s a much more relaxing and collaborative environment to work in.

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Jetcraft is expanding its presence throughout the Americas, appointing Alejandro Noriega as a Sales Director based in Mexico. Noriega’s appointment follows three senior Americas sales hires in recent months and the acquisition of North American broker, CFS Jets, as demand in the region remains strong.

After more than a decade trading aircraft at Aerolineas Ejecutivas (Ale), Noriega will now act as a sales specialist for Jetcraft customers in Mexico, Central America and the Caribbean.

Dan Kilkeary, SVP Sales, Americas, says: “Business aviation continues to soar in Latin America and Alejandro’s appointment builds upon Jetcraft’s recent hire in Brazil, with our thriving team supporting growth in the region."

“As a seasoned professional, Alejandro has been responsible for global transactions across all aircraft segments during his nearly 15 years at Ale. His regional insight ensures we can negotiate the best deals for our customers and locate aircraft that others can’t...

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Having heard from Pascal Bachmann last month, it’s now time to hear from the next member of our Fastest Sales Team in the World – our Owner and Chairman of the Board, Jahid Fazal-Karim.

Why did you decide to start racing?

I started racing shortly after Jetcraft sponsored a GT racing team. The owner of the team said, “As you’re here, you might as well drive.” I had done karting and circuits for fun in the past, but never driven competitively or seriously. I began training in 2021, and in ’22, I had my first race season in GT4. I’m now competing in GT3, sharing a car with Pascal Bachmann, our SVP Sales, EMEA.

What do you enjoy the most about racing?

When you’re in the car, you can’t afford to think about anything else. Throughout the day, my brain is occupied with a million thoughts, but I simply can’t do that while driving or I might crash. So, besides the obvious sporting elements, such as the adrenaline rush and the thrill of the competitiveness, what truly matters for me is being in the moment and completely focused on one task.

What personality traits make for a successful racing driver?

I don’t think it’s exclusive to racing but more about athletes at a competitive level – the leaders have talent, like so many others, but it’s their application to the sport that sets them apart. Their dedication, determination, and attention to detail make all the difference to the level of their success.

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Product Overview

Based on feedback from PC-12 customers, the PC-24 features increased range, speed, and short runway capability. As compared to other business jets in this class, the Pilatus PC-24 achieves this goal with less than 3,000 feet of takeoff distance and 2,120 feet of landing distance.

As of August 2023, 17% of Pilatus PC-24 ownership comes from the pre-owned market, the other 83% from new. 6.3% of those are currently for sale, with the majority (85%) under an exclusive broker agreement. For those on the market, the average sale time is eight months.

Brief History

The Pilatus PC-24 received FAA and EASA type certifications in December 2017 and is certified for single pilot operation. The introduction of the PC-24 was the first entry by Pilatus into the Business Jet Market.

Worldwide Appeal

There are 206 Pilatus PC-24 jets in operation worldwide. The majority of those (177) are wholly owned with five in shared ownership, and 24 in fractional ownership. 6% are currently leased. North America has the largest percentage of wholly owned Pilatus PC-24 aircraft (56%), followed by Europe (29%). Jetfly Aviation SA, Luxembourg owns the largest fleet of Pilatus PC-24 aircraft with 12.

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Todd Spangler, Sales Director, Americas, Jetcraft
Location: Georgia, US.

What are your responsibilities within the global Jetcraft team?

I cover the Southeast US, so I’m responsible for bringing in new clients, listings, acquisitions elements and new inventory to our fleet.

Describe a typical day or week in your role.

A typical day for a sales director is a lot of networking and a lot of travel. Certainly, working through the number of leads generated from our available inventory and the global reach that we have at Jetcraft. The activity that we generate is great. It’s also great to go out and really work in our own areas and be responsible for that and be able to create business for the organisation.

Describe the company culture at Jetcraft and what it means to you?

The company culture at Jetcraft, it’s fantastic. I mean we really do have such a great team of people that cross borders and really work together. It just provides that value for our clients as well, they can be assured that they have a global team that’s working for them.

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