5 months ago

Magazine Ultimate Jet #74

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BRIEFING I BROKER AND FORECAST I 14 Auctioning business jet online : helping the infustry in times of global pandemic GlobalAVX, a Dublin, Ireland-based online auction platform for the buying, selling and leasing of commercial and business aviation assets, are launching their first aircraft auction on the 10th of December 2020 in collaboration with Canada’s oldest and largest aircraft brokerage, Hopkinsons Aircraft Sales. The first aircraft to be presented for auction is a 1997 Cessna Citation Ultra.The aircraft will be sold as is, where is, based in Calgary. «The beauty of this is the ability to bid on an aircraft from the comfort of your own screen and exclusively from anywhere in the world,» says Stephen Kelly, Global Sales Director or GlobalAVX. The GlobalAVX process boasts full and complete transparencywith each bidder having the ability to view and interrogate all technical and legal documents as part of the due diligence and with this information help make an informed decision on the price and hence value of the asset. The aircraft has been set an extremely attractive reserve price and will allow for the bidders to determine for themselves the final price and hence value of the asset completely independent of the GlobalAVX platform. This innovative platform is designed to facilitate and validate business aviation asset purchases with full and complete transparency. «We believe our first auction will allow professional aircraft brokers and sellers within business aviation to reach out and purchase an amazing asset that can then serve the emerging first time Covid Convertor market – individuals who due to this pandemic have been unplugged and had their eyes opened up to the compelling business reasons for flying private. By allowing the global market place the ability to purchase such an excellent asset from the comfort of their own screen anywhere in the world we shall be doing our bit to help the industry serve this exciting new market,» concludes Stephen Kelly. To register and sign up for the auction please click here :

Analysis reveals strong recovery of european bizav Analysis of industry data by Colibri Aircraft, a private jet broker, reveals that the number of business aircraft departures in Europe in July was 54.5% higher than June, as the sector continues to make a solid recovery. Indeed, the number of European business aircraft departures in July was only down around 12% on the same month last year and August is equal when compared to 2019, whereas commercial flights in the continent were over 50% lower. Of the top 10 largest European markets for business aviation, Austria, Germany, and Switzerland are leading the way in terms of a recovery. In July, Austria saw a 7% increase in business aircraft departures when compared to the same month last year, and the corresponding figures for Germany and Switzerland are -0.3% and -0.5% respectively. Greece, the UK and Italy have seen the slowest recovery in business aircraft departures during the COVID-19 crisis. For Europe as a whole, there were 67,456 business aircraft departures in July, down 11.9% on July 2019. However, this is a huge improvement compared to June, where the corresponding figures are 43,659 and -40.7% respectively. Oliver Stone, Managing Director, Colibri Aircraft said: «The business aviation market is recovering much faster than the commercial sector primarily because the latter is offering far less flights and routes, and there is a reluctance from many people to fly in a crowded space with 200+ other passengers. Private Aviation provides a convenient and reliable solution to both problems. Our business is buying and selling aircraft for clients and we have seen a significant increase in interest in light jets, perfect for getting around Europe with two to six passengers. This is driven by business people who need to travel and cannot do so with cancelled airline routes, and by families who are reluctant to risk exposure to further virus outbreaks. For many users of private jets, owning and using a plane is the only way to continue to operate their businesses in this historic time of minimal airline routes. On a geographical basis, the European business aviation market is also recovering faster than the north American market – by the far the biggest in the world – which saw a 21.4% decline in the number of business aircraft departures last month when compared to July 2019.Finally, in terms of business aviation in Europe, we should not lose sight of the fact that the sector employs around 335,750 people directly and indirectly, and the value of its economic output is around €71 billion a year.» Ultimate Jet I 15