How Long Should I Own My Airplane?

“How long should I own my airplane” and “When should I replace my airplane?” These are two questions we’re asked quite often here at Guardian Jet.

These are great questions, and unfortunately, there’s no perfect answer. In fact, if we asked 10 directors of aviation, chief pilots or aircraft owners, we might get 10 different answers.

While there’s no industry standard of how long you should own an airplane, we find that the ideal ownership life cycle is between 5 and 15 years.

To give you a more definitive answer, we did the math. And what we found might surprise you. The short answer is that there’s really no bad answer—at least from a capital point of view.

Cash Flow Financial Projections

To explain further, we ran a cash flow financial projection to operate a Bombardier Global 6000.

In a cash flow scenario, you buy or trade in an airplane and include all of the operating expenses. These annual costs include: capital equipment, operating budget, tax benefits, salaries, etc.

Then when we go to sell the airplane, we’re able to recover the residual value into the cash flow. (Taking into consideration the aircraft’s value when you sell it is important in the aircraft purchase decision).

Average Annual Operating Costs for Global 6000

In order to determine the average yearly ownership costs (or life cycle costs), we put together the following graph. (FYI, the math works similarly with new and pre-owned airplanes.)

As you’ll see, we ran the numbers over a 15-year period, and showcase several cash flow scenarios for the purchase of a new Bombardier Global 6000.

How long should I own my airplane? Example of annual ownership costs for Bombardier Global 6000 by Guardian Jet, LLC
How long should I own my airplane? Above is an example of annual ownership costs for a new Bombardier Global 6000 over a 15-year period. Produced by Guardian Jet, LLC.

Annual Operating Expenses

First off, we intuitively know that if we buy an airplane every year, and replaced it every year for 15 years, it would be incredibly expensive. Our average annual ownership costs is just under $9.5M.

Conversely, if we owned the same plane for 15 years, our average annual cost is $5.5M.

The interesting thing is to track what happens when we buy every 2 years, every 3 years, every 4 years, etc. We find that the curve stabilizes about 5 or 6 years of aircraft ownership.

This is the beginning of cost neutrality.

Look for the Bump

Annual operating expenses tend to have a bump in year 10. The reason being that if you want to keep your airplane “sellable,” you should pay to refurbish paint and interior every 7 to 8 years. This makes sense if you fly the aircraft an average of 500 hours.

According to our example, you’ll see the curve flattens out after paint and interior and goes down very slowly. This tells us that if you buy every 5 years, your annual operating expense it’s $6.2M. If you buy every 8 years, your annual operating cost is $5.7M. And if you buy every 15 years, the average annual cost is $5.5M. This is about $200,000 a year less than buying one every 6 years.

From a capital point of view, it’s not a bad thing to own it for 15 years. And it’s not a bad thing to own it and replace it at 5 or 6 years.

Other Considerations

There are some other things that go into when you should what how often you should replace your airplane. Certainly, there’s increased exposure to unscheduled maintenance and regulatory issues. Let’s look at a few of those considerations:

Regulatory Changes

By the year 2020, aircraft owners are required to meet a slew of new regulatory issues. Thankfully, most of our clients have already taken care of these upgrades).

But many airplane owners are still wondering whether to make an investment in their older airplane. Maybe a significant investment—worth millions—that they won’t get back? They’re wondering if they should go ahead and replace the aircraft with a newer model?

You likely know that with some older airplanes, it just doesn’t make financial sense to upgrade to ADS-B, etc. Owners won’t make their money back. This creates market obsolescence for certain makes and models that are no longer attractive, or competitive in the marketplace.

Residual Values

Another thing we look at, when we talk about residual values, is with an older airplane and airplane that you replace every 14 or 15 years, they tend not to do as well in volatile economies.

We track everything residual values against the Dow. When the Dow recovers, we’ll see the newer airplanes recover very closely to when and how much the economy recovers. But the older airplanes do not recover as well no matter what happens to the economy, and do not regain their value. This is a very good reason for considering moving your purchase decision to the left—or shortening the ownership interval.

Wrap Up

So that’s a short review on how long we think you should own airplanes. Again, from a capital point of view, there’s no bad answer, which is why there’s no industry standard.

Thank you for reading. Please give us a call if you’d like us to run the numbers for your airplane. Here at Guardian Jet, we have a lot of financial projection tools like this that we’d like to share with you.

Posted in Aircraft Broker / Dealer, Aircraft Finance, Asset Management, Bombardier, Business Aviation, Fleet Planning, Guardian Jet, Guardian Jet Learning Center, Ownership | Leave a comment

Guardian Jet Promotes Samantha Langen to Sales Director, Midwest

Samantha Langen Guardian Jet Sales Director, MidwestGUILFORD, Conn. – June 27, 2019 – Guardian Jet, the Guilford, Connecticut-based business aviation consulting and aircraft brokerage firm, is pleased to announce the promotion of Samantha Langen to the position of Sales Director, Midwest.

In her new role, Langen will oversee aircraft sales, acquisitions and consulting services in Michigan, Illinois, Indiana and Wisconsin. She previously served as the company’s Inside Sales Manager.

“What I love about Sam’s rise in our company is that she came to us with an MBA and worked in our consulting business, which is a great foundation for understanding the needs of our clients,” explained Don Dwyer, Managing Partner of Guardian Jet. “From there, Sam became an internal sales person and then led our internal sales team. I’m really excited to see what she can do in a territory.”

In addition to her tenure at Guardian Jet, Langen also worked for Clariant, as a Senior Global Marketing Coordinator, marketing chemical components to Fortune 500 companies.

“Having worked in various capacities but more ‘behind the scenes,’ Langen said, “I’m eager to put my decades worth of experience and education to work directly with clients. I know first-hand the sources for Guardian Jet’s proprietary market data, as well as how it provides direct value to our clientele, so I’m going to be able to apply that knowledge to deliver exactly what our brokerage clients crave.”

Langen holds an MBA and a bachelor’s degree in marketing, both from Johnson & Wales University, in Providence, Rhode Island.

About Guardian Jet

Founded in 2002, Guardian Jet, LLC, offers business aviation brokerage, consulting and oversight services for thousands of clients worldwide. The company distinguishes itself with its focus on integrity and industry expertise, and by consistently providing business value to clients. Guardian Jet’s core mission has always been to earn the right to buy and sell aircraft on behalf of its clientele by providing great consulting advice, market intelligence and flawless execution. For more information, visit guardianjet.com.

Posted in Announcements, Aviation Industry, Business Aviation, Guardian Jet, Guardian Jet Team, News | Tagged , , , , , , | Leave a comment

Doc Dwyer Among First Group of Accredited Aircraft Brokers

Doc Dwyer, VP of Aircraft Sales, Guardian Jet LLCThe International Aircraft Dealers Association (IADA), which recently moved toward full professional accreditation for aircraft dealer organizations, has qualified the first group of individual brokers for certification based on their aircraft transaction acumen.

Among the first group of accredited aircraft brokers is Guardian Jet’s Doc Dywer, who serves as secretary on the Board for IADA.

View all accredited brokers and accredited aircraft dealers here.

“This first group of 22 IADA certified aircraft brokers and the others to follow are clearly the best of the best and set the benchmark for knowledge, skill and ability of individual sales professionals within the constantly evolving aircraft transaction industry, where previously there were no clearly defined standards,” said IADA Executive Director Wayne Starling. “Joseph Allan Aviation Consulting, an objective independent third-party agency, is slated to test the next group of brokers for certification this fall.”

The newly certified IADA aircraft brokers are all part of IADA-accredited dealer organizations in representing buyers and sellers of business aircraft. A rigorous certification examination for brokers was developed and managed by Joseph Allan Aviation Consulting, which also developed the accreditation standards for aircraft dealers.

The broker examination measures the skills and competencies that are required of aircraft brokers in order to effectively conduct their work. Joseph Allan has considerable experience in curriculum development as well as the development and management of examinations measuring knowledge-based competencies.

IADA dealers and brokers do business in more than 100 countries and utilize AircraftExchange.com, an exclusive online marketplace listing only aircraft offered for sale or lease by IADA members. While only three percent of all aircraft dealer organizations merit IADA accreditation, they handle more than 50 percent of the used business jet transactions.

All IADA members agree to participate in a program of ongoing education to remain current on best practices and new developments in acquiring and selling business aircraft and abide by a strict code of ethics that guarantees they will always conduct themselves honorably and represent the best interests of their clients. IADA represents a variety of product and aviation services that also operate with the highest professional standards in the industry.

IADA is a professional trade association formed more than 25 years ago. Promoting the growth and public understanding of the aircraft resale industry, IADA now offers the world’s only accreditation program for dealers and the only certification program for individual brokers. The process delivers high standards of business conduct and transparency regarding aircraft transactions, leading to a more efficient and reliable marketplace.

For more info about Accredited Aircraft Brokers and IADA, visit IADA.aero.

Posted in Aircraft Broker / Dealer, Aircraft For Sale, Announcements, Aviation Industry, IADA professional trade association | Leave a comment

Vault 3.0 is Here! Don Dwyer Explains New Features, Benefits in Video

The Vault 3.0 is here!

In this video blog, Guardian Jet’s Managing Partner, Don Dwyer, explains the new features and benefits of Vault 3.0, and why it’s even more user friendly.

 

Video Transcript:

Hi I’m Don Dwyer with Guardian Jet.

I’m really excited to tell you about the introduction of Vault 3.0.

We’re just back from Geneva where we introduced it … we launched it to the world. We had a ton of customers in our booth in Geneva at EBACE. It was tremendously received.

People get to understand what we do here at Guardian Jet very quickly by walking through the Vault.

The Vault is an online portal to everything we do here at Guardian Jet and Vault 3.0 is the latest version. We’ve loved having the Vault for five years now and one of the things that I’m excited about is that for the first four years, we’d add customers and we’d add features as we went along, and we saw the usage continue to grow.

It was a fairly steady increase in the business that we were doing online because we can track it and we can follow it. Until about 12 months ago and then we just saw usage spike. So we’re pretty excited that that happened. And even before the introduction of 3.0. I think 3.0, though, is the most exciting thing.

One, we have added more features so it’s a lot easier… there’s more thing you can find in there. But, it’s also a lot easier to use.

You know, we’re lucky here. We have these fabulous roster of customers. And some of them are the great high-tech companies of the world.

When we pitched to their executives about the Vault, they’d say, “Man, I love your data. I love that you guys hang onto this data. You track it. You research it.  I love that I can get to everything that I do with you — whether it’s a contract for a sale or understanding the airplanes available to buy. It’s great. It’s just a little hard to get to.”

And, of course, that’s their business. So they helped us understand that. So, you’ll see in Vault 3.0 that we made it much simpler.

Vault 3.0 Landing Page

Vault 3.0 online asset management home page - Guardian Jet

The landing page starts with JetFinder and then accesses Your Vault. So right away you’re one click from what you want to do.

JetFinder is our tool that helps you understand what’s out there on the markets, what’s for sale. 120 model markets that we research here. Tremendous data on the prices of the airplanes. What we think they’re worth. Or what airplanes sell for.

So there’s a tremendous amount of data in JetFinder to help you look for your next thing. And then of course in Your Vault, it’s everything from what your current airplane is worth to all the documents if we’re buying or selling an airplane for you.

You know, if we’re selling an airplane for you, we log in every call and how we responded to it. Was it a broker, was it a principal? And how many times we’ve gotten in touch with them?

That’s all available to you to look at on Your Vault.

So it’s an incredibly transparent tool to help you understand what we’re doing when you don’t feel like calling in. Believe me, we want to talk to our customers. We’re talking to our customers all day long. But we want them to have access to the information 24/7. This is also a great way for us to grow internationally. Of course, we have sales people overseas, and we’ll continue to grow that part of our business. But we feel like that no matter where you’re located, you should have access to the best data in the world.

Of course, you have to be our customer to do that. But if you are willing to let us broker your airplanes, all of this is available to you for free.

So, it’s easier to use, there’s tons of information, and many many new features. And I think that spike in usage that we’ve seen is really going to grow now with Vault 3.0.

Give us a call, go online, let us know you want to see it, and we’ll arrange a demonstration.

Because I can tell you from EBACE, and the reaction we got from the people, you’re going to want to take a look.

Thanks so much. Give us a call here at Guardian Jet for anything that’s on your mind about the aviation business.

Posted in Aircraft Finance, Aircraft For Sale, Aircraft Valuation, Announcements, Asset Management, Aviation Industry, Business Aviation, Guardian Jet, Guardian Jet Learning Center, Vault 3.0 | Tagged , , , , , , | Leave a comment

Press Release: Guardian Jet Unveils New Vault 3.0 at EBACE

Guardian Jet Vault 3.0 logo - press releaseGUILFORD, Conn. – Modeled after the most popular automobile and real estate finder websites, Guardian Jet, the business aviation consulting and brokerage firm, has chosen this year’s European Business Aviation Convention & Exhibition (EBACE) to launch “Vault 3.0”—the third iteration of its revolutionary, online, aircraft brokerage and asset management software. The popular cloud-based software tool will be a highlight of Guardian Jet’s stand (T132) at EBACE, which will be held 21-23 May in Geneva, Switzerland.

The redesigned Vault has earned high praise from Guardian Jet clients, many of whom remark on its simplicity and ease of use. In addition to a brand-new user interface and experience, these latest improvements enable clients to:

  • More easily track the value of their aircraft in current market conditions in the module, Value Your Aircraft.
  • Search new aircraft models and compare replacement options using JetFinder™.
  • Understand operational costs for maintenance and engine programs.
  • Use the asset management data to understand your aircraft like any other asset in a portfolio.
  • And much, much more!

Vault 3.0 online asset management home page - Guardian Jet

The Vault’s JetFinder™ search engine functionality allows clients to conduct a focused search for airplanes on the open market, functioning similar to web search tools that aggregate specific categories of timely, up-to-date information. Its advanced search engine enables users to find aircraft for sale by categories including: new or pre-owned, price range, nautical mile range, number of passenger seats, total time and aircraft size. The search criteria are filtered through the roughly 2,500 airplanes for sale across the 120+ aircraft models that Guardian Jet tracks regularly.

Another Vault function that was completely redesigned is the “Value Your Aircraft” module. Now, aircraft owners and operators can more easily assess the value of their aircraft or fleet in a similar manner to that of an online money management or stock brokerage tool. The Vault serves as a single point of access that aligns owners, their financial advisors and their flight departments.

Mike Dwyer, Managing Partner of Guardian Jet, said he is delighted to be releasing this newest iteration of the Vault at the upcoming Geneva EBACE. “The timing of this release couldn’t be more ideal,” he noted. “The beauty of the Vault lies in how comprehensive and up-to-date the information is. The bottom line is that the Vault offers aircraft market data and transparency that our clients crave but cannot find anywhere else.” 

Demonstrations of Vault 3.0 will be featured during EBACE 2019 at Guardian Jet’s stand (T132). Anyone interested in learning more about Vault 3.0 and the wide array of additional Guardian Jet services can do so at guardianjet.com/Vault.

About Guardian Jet
Founded in 2002, Guardian Jet LLC offers business aviation brokerage, consulting and oversight services for thousands of clients worldwide. The company distinguishes itself with its focus on integrity and industry expertise, and by consistently providing business value to clients. Guardian Jet’s core mission has always been to earn the right to buy and sell aircraft on behalf of its clientele by providing great consulting advice, market intelligence and flawless execution. For more information, visit guardianjet.com.

Posted in Aircraft Finance, Aircraft For Sale, Aircraft Valuation, Announcements, Asset Management, Aviation Industry, Business Aviation, Fleet Planning, Guardian Jet, Ownership, Vault 3.0 | Tagged , , , , , | Leave a comment

Don Dwyer’s Business Aircraft Market Update April 2019

In this video blog, Guardian Jet’s Don Dwyer provides a business aircraft market update following Quarter 1 2019 results.

In it, he highlights the activity level of aircraft transactions; OEM and pre-owned aircraft market insights; the impact of 2020 regulations; and what’s going on at Guardian Jet, including our exhibition at EBACE and a new promotion.

Watch the video or read the edited transcript below.


Hi, I’m Don Dwyer with Guardian Jet.

Business Aircraft Market Update following Quarter 1 2019 results:

Welcome to another in our series of videos for our clients and friends, talking about what’s going on in our industry and the marketplace.

Today I want to talk about a few things: the activity level of aircraft transactions; a few insights into some of the markets we track; the impact of 2020 regulations; and some of the things going on here at Guardian Jet.

Aircraft OEM Transactions

I’ll start out with the very interesting times at the OEMs. Our OEM new purchasing business is going well. All the OEMs have interesting things to talk about.

There’s a lot of speculation of what’s coming next at Gulfstream. But the 500 and 600 introduction is going along smoothly. The G650 still continues to be the real “rock” in their lineup.

On the Bombardier side, it’s very exciting to have the 7500 out flying and delivering. We also look at the 6500 and 5500 as game-changing airplanes. They are priced very competitively.

Of course, Dassault with the 6X and the 8X that is not so far out. A lot going on there.

And with our friends at Embraer, with the Praeter series of airplanes, is just absolutely incredible. We’re seeing them engaged more and more into the corporate community and they’ve certainly always done well with the high-net-worth individual.

And Cessna—Textron—has a lot going on. In general, the OEM community feels very healthy right now. A lot of people are talking about new airplanes.

Of course, the stabilization of pricing in the used market helps that. So our new aircraft buying business is going well right now. And it’s really spread across a lot of OEMs—so it’s pretty exciting there.

Pre-owned Aircraft Transactions

I want to talk about the used market and the number of transactions. As you know, 2018 was another great year. In the 125-130 markets that Guardian Jet measures (not everything that Bluebook or GAMA measures, but in the markets we play with everything from single engine turboprops to G650 and Global 7500), 2018 was a great year. There was a little more than 10% percent growth over 2017. But what really grew was the number of ultra-long-range transactions. There was a lot of activity.

So 2019 comes along, and we talked to brokers, bankers and people in our industry, everybody felt it slow down a little bit. And we kind of felt the same thing. Our business is going great, so so waited until the end of the quarter.

And here’s what it looks like:

In the markets we measure, in the first quarter of 2018, there were 458 transactions. And in the first quarter of 2019, there were 397. That’s about a 13 percent drop-off in number of transactions.

I’m not sure that accurately reflects the real picture of those three months. Because a lot of those deals are hangovers from the end of the fourth quarter. This is true in both the first quarter of 2018 and the first quarter of 2019.

I think we might feel it in the first couple of months in the second quarter. I think you’ll see that trend continue a little bit and the number of transactions industry-wide be off a little bit.

Now, I will tell you this, anecdotally, it’s booming right now.

About a month ago, the phones started ringing off the hook.  We normally have about 20-25 airplanes for sale at any given time. And I will tell you that in the last 30 days maybe 75 percent of those are somewhere now between letter of intent (LOI) and closing.

So, there’s been a big push and a lot of activity in the last 30 days.

I don’t know what that means. I still want to wait for second quarter numbers are like before we start talking about what really happened. But we know right now that activity is good.

We also know that as we buy airplanes, there’s less airplanes available in the used markets. I’ll give you an example in the G550 market. Right now, there have been three airplane sales a month for the last six months. Very active market. But what’s different from now vs. this time last year is that there are fewer planes for sale. So the absorption rate—or the months of inventory that are currently on the market—is very, very low. Now when you’re buying airplanes, you might have to go further away than you want to if you have to have the airplane now.

We are practicing patience with all of our customers that we are buying airplanes for. Because we want good pedigree airplanes. We want good value. That’s a little bit harder to find right now. There is a smaller percentage of U.S.-based used planes in the inventory for sale than we’re comfortable with. They get snapped up very quickly.

It’s something to keep our eyes on.

Aircraft Pricing

So what does that all mean toward pricing? Last year, pricing stabilized. What I call a stabilized market is when you’re losing somewhere between 3 and 6 percent in residual value over the course of a year.

Stabilization is way better than the double-digit residual value loss that we saw in most airplane markets.

What we have seen—and continue to see—is the best pedigree and newest vintage airplanes have actually increased in value. We hadn’t see that since 2006 and 2007.

I do think that that is slowing.

There are a couple of trends we’re watching in ancillary markets as they slide a little bit, we think everything else is going to soften. I don’t think that, on the good pedigree airplanes, we’re going back to that real horrific residual value loss every year.

But we probably are going to see it soften a little bit. Certainly not have airplanes get the premium that they’ve been getting.

There’s no evidence of that yet, but it’s just something we’re keeping our eyes on.

2020 Aircraft Regulations

I do think that the regulatory issues coming in 2020 are going to have a dramatic effect on our business. My good friend, Rollie Vincent, and I did a talk together and he said there’s something like 12,000 in the general aviation/private jet fleet that will be obsolete.

What will this do to pricing on the lower end? Could that boost pricing? I don’t know. Certainly, it’s nice when you’re selling an older airplane to have all of the regulatory issues complied with. The real question now is: do you do it? Or do you just live with what you got and move on? Because some of the values in these airplanes are so low.

But if you have any questions, this is stuff we analyze all the time here at Guardian Jet. Please reach out, we can help you with that.

What’s New at Guardian Jet

A couple things going on here at Guardian jet that I want to just touch on. We’re just about ready to head over in May to EBACE.

We’re very excited about EBACE this year because it’s the launch of Vault 3.0.

A lot of you know that we have an online portal for our customers where they can look at values of their airplane. We store their documents where they track their sales going on, and they track the activity levels on the airplanes. The whole myriad of the relationship they have with Guardian Jet can be followed online 24/7.

Vault 3.0 is way more user-friendly. It’s much more intuitive and cleaner looking. It is a big jump for us as we’ve spent a lot of time and energy on it, so we’re very excited to introduce it at EBACE this year.

And then the last thing I want to touch on is a lot of our customers know—and certainly a lot of industry and the brokerage community know—Samantha Langen. Sam has been running our internal sales team for the last couple of years and doing a spectacular job. She’s a really competent professional.

Sam has accepted a position with us as our Midwest sales representative. She’ll still be based here in in Guildford, but she’ll cover Chicago, Minnesota, Wisconsin, and some of the big markets out in the Midwest. We’re really excited to have Sam join the team. We wish her every success and we’re pretty sure she’s going to be spectacular. Congratulations to Sam!

That’s all I’ve got for today for this business aircraft market update. Thanks for taking the time to watch the video. If you’ve got any questions please give me a call, call my brother, Mike, or call any of our people here at Guardian Jet. Thank you so much.

Posted in Aircraft For Sale, Announcements, Aviation Industry, Business Aviation, Guardian Jet, Guardian Jet Team, News, OEM | Leave a comment

Jet for Sale: Exceptional 2010 Gulfstream G550 (SN 5286)

In an exclusive offering, Guardian Jet is pleased to represent the sale of what can only be described as one of the finest 2010 Gulfstream G550 jets on the market today.

Offered at $22,295,000, this Fortune 100-owner aircraft has had only one owner and been impeccably maintained to the highest standards of safety and luxury.

With no history of damage whatsoever, the beautifully appointed, Gulfstream G550 (Serial Number 5286) was entered into service in late 2010 and, since then, has had an outstanding history of care and ownership.

The jet offers a flight experience filled with superlatives, including:

  • Latest avionics: FANS 1/A, ADS-B Out, TCAS 7.1
  • Synthetic vision
  • Heads-up display (HUD)
Engines on Rolls-Royce Corporate Care
  • APU on Honeywell Maintenance Service Plan (MSP)
  • High-speed data and WIFI

G550 Interior Highlights

The elegantly appointed 16-passenger floor plan features three distinct passenger cabin areas and individual berthing for up to seven passengers. It also has a forward crew rest, forward crew lavatory, a cockpit jump seat and electric window shades.

In addition:

  • Forward Vestibule: Forward crew closet / storage area, plus a forward crew lavatory and forward crew rest area with 7” HD swivel monitor and work station.
  • Forward Cabin: Forward area features 4-place club seats.
  • Mid Cabin: 4-place berthable divan on the right and 2-place club seats on the left.
  • Aft Cabin: 4-place berthable conference table on the left and 2-place club seat on the right.
  • Aft Galley and Aft Lavatory: Aft galley, forward & aft vacuum toilets with outside servicing capability. (The aft galley includes a microwave oven, high-temperature oven, coffer maker and a food chiller.)

Avionics

This jet’s avionics include Honeywell Primus Epic Planeview-ASC Foxtrot Enhanced Navigation + Gulf (ASC 084A), as well as the following:

AIR DATA COMPUTER: Triple Honeywell AZ-200 Air Data Modules

AUTOMATIC DIRECTION FINDER: Dual Honeywell DF-855 ADF

AUTO THROTTLES: Honeywell Auto Throttle System

AUTOPILOT / FLIGHT DIRECTOR: Honeywell Planeview System

COCKPIT VOICE RECORDER: Honeywell AR SSCVR (120 minutes)

COMMUNICATIONS: Dual Honeywell TR-865A Radio Modules with 8.33 kHz spacing

DISTANCE MEASURING EQUIPMENT: Dual Honeywell DM-855 DMEs

ELECTRONIC FLIGHT INFORMATION SYSTEMS: Honeywell Planeview – 4 tube EFIS

EMERGENCY LOCATOR TRANSMITTER: Artex C406N (Triple Frequency) ELT

ENHANCED GROUND PROXIMITY WARNING SYSTEM: Dual EGPWS Modules with RAAS (ASC 65A)

ENHANCED VISION SYSTEM: Kollsman EVS System

FLIGHT DATA RECORDER: Universal FDR-25 (88 Parameters / ASC 2C) and Micro QAR (ASC 71)

FLIGHT GUIDANCE COMPUTER: Honeywell Planeview System

FLIGHT MANAGEMENT SYSTEM: Honeywell Planeview System

GLOBAL POSITIONING SYSTEM: Dual GPS Modules with WAAS

HIGH FREQUENCY RADIO: Dual Collins HF-9034A HF Com Radios with SELCAL

HEADS UP DISPLAY: Rockwell Collins VGS System with EVS

INERTIAL REFERENCE SYSTEM: Triple Honeywell Laseref V Micro IRUs

NAVIGATION: Dual Honeywell NV-875A Nav Radios with ILS and Marker Beacons

RADIO ALTIMETER: Dual Honeywell KRA-405B Radio Altimeters

TRAFFIC COLLISION AVOIDANCE SYSTEM: TCAS 3000 with Change 7.1 (ASC 103)

TRANSPONDER: Dual Honeywell XS-858A Mode S Transponders with Enhanced Surveillance and Flight ID

WEATHER RADAR: Honeywell Primus WU-880 Color Weather Radar

Additionally, the G550 includes:

  • Emergency Vision Assurance System (EVAS)
  • XM Weather (ASC 85A)
  • Electric Window Shades
  • External Camera System
  • Securaplane 500 Security System
  • Stage 4 Noise Certificate

Global Communications

Its numerous communications systems and features include:

  • Broad Band Multi-Link (BBML)
  • SATCOM Direct High Speed Data System with CNX200 Wi-Fi Router
  • True North Simphone Airborne Telecommunication System
  • Four wireless handsets and two wired handsets
  • 115V/60Hz universal outlets in cabin

Maintenance & Inspections

  • Chapter 5 maintenance program
  • CMP maintenance tracking
  • Engines enrolled on Rolls-Royce Corporate Care program
  • APU on Honeywell Maintenance Service Plan
  • Avionics on Honeywell Avionics Protection Plan
  • Airframe structural warranty until 9/2030

The Gulfstream G550’s exterior is painted Matterhorn White with gold and blue accent stripes. It will be available in early 2Q 2019. To schedule a private showing, please call Guardian Jet at +1-203-453-0800 or email us.

You may also view a complete list of specifications for the Gulfstream G550

Posted in Aircraft For Sale, Gulfstream | Leave a comment

Aircraft Sales Update: Don Dwyer’s 2018 Reflections & 2018 Look Forward

In this video, Don Dwyer of Guardian Jet, LLC, the aircraft brokerage and consulting company, shares his 2018 reflections and what we can look forward to in 2019.

 

 

Here are some key learnings:

  • Aircraft activity has been high all year and is still up, despite stock market volatility
  • We’re seeing some bifurcation of the market where some newer aircraft models are increasing in value as much as 15%
  • First-time buyers are entering the market (from the fractional market) at unprecedented levels
  • Corporations are exercising their aircraft fleet planes, which have been on hold
  • Pre-owned sales activity is higher than OEM sales, but still a good time to buy new aircraft


Video Transcript:

Hi, I’m Don Dwyer from Guardian Jet. I want to talk today about 2018 and what we’ve seen in the marketplace. And then I’ll look toward the future a little bit into 2019.

 

2018 Reflections

So, 2018 — banner year for aviation sales. The resale transaction numbers were way up. It really started at the end of 2017, and rolled right through the beginning of the year with absolutely no slowdown in the first quarter. Actually, the markets picked up steam and continued all year.

We are, right now, experiencing some stock market volatility. And I will say that it’s slowed some decision making, but it hasn’t slowed the level of activity down. We’re still getting a lot of calls for airplanes. We still have a lot of activity across all the markets.

 

Aircraft Valuations

A couple of things we’ve noticed. On the valuation side of the business…there’s been a split in these markets, or a bifurcation in these markets, where the best airplanes are actually increasing in value. So, lowest time, newest vintage, great pedigree airplanes have actually increased in value–some as much as 15% this year. So that’s something we haven’t seen in some time. But it hasn’t been across the board.

I will say that almost every model has slowed in its residual value degradation—back to more historical levels (or what we’re used to in the past, that I can remember). But, the haven’t seen them all increasing. So older, the third or fourth iteration of an air frame, of a model, hasn’t been performing as well as what’s been built in the last 10 years. So we saw that happening on the valuation side.

 

First-Time Buyers

Another trend we saw this year was first-time buyers. A lot of first-time buyers. What I’m calling the first real wave—and a wave that I’ve been waiting for—the first real wave coming out of the fractional business, buying their own airplanes (buying whole airplanes).

The fractional business is over 40 years old now. And we’ve just never seen the kind of numbers of first-time buyers. And where they’re buying in the marketplace

You know, a fractional owner was introduced to aviation a lot different than what used to happen in the past. Better airplanes, better service.

So when they’re coming out and buying whole airplanes it’s not the smallest, cheapest thing they can buy. We’ve bought many, or at least a few, three-cabin zone airplanes for first-time buyers this year. So that’s something that we haven’t seen in the past. A real trend of first time buyers and buying good equipment.

 

Corporate Fleet Planning

Another thing we saw, and this happened later in the year, was that corporations are really thinking hard about replenishing the fleet. Multiple aircraft fleet owners are now exercising fleet plans that have been sort of on the shelf. This is a very positive change.

 

OEM Aircraft Sales

I will say that the activity in the used marketplace hasn’t completely translated over to the OEMs, to the new aircraft sales.

Aircraft pricing, I think, on new aircraft sales is still pretty good. It’s still a good time. Great value in the new marketplace. We’re feeling very good about our new purchases.

 

2019 Predictions

Let’s talk about 2019. I mentioned the volatility in the stock market, and what’s that mean. I’ve been asked a little bit about “should I wait until January or March to buy an airplane as the markets reprice?”

My feeling is that, historically, markets don’t reprice in the beginning of the year. Some airplanes in those markets do—probably the ones that were holding on for a high price that didn’t sell in the real strong activity of the fourth quarter. Now some of those owners might get a little more religion and reprice. But we don’t see market pricing dip down in January, February and March. We sometimes see less purchases because the fourth quarter is very strong. But, I’m not predicting that the markets are going to fall apart come January.

So we’re still very bullish. We’re still very active in both the sales side and acquisition side of the business.  And we think there’s more good to come. We’re watching it very closely. Of course, this is so driven by the economy. That’s a bigger question for somebody that lives in that world. On the airplane side, we’re still busy and we’re still going.

 

A Final Note: Thank You

One final thing. It was just a great year here at Guardian Jet. We added quite a bit to our business. We added researchers. We added another maintenance person—a Director of Maintenance. We added sales people in the field. Our internal sales team grew. So, we’re up to about 30 people now. We’re really excited. It’s been a great year.

Thank you to all of our customers (and anybody thinking about working with us). We’re looking forward to a great 2019, and have a great holiday!

 

 

Posted in Aircraft For Sale, Aircraft Valuation, Asset Management, Aviation Industry, Business Aviation, Fleet Planning, Guardian Jet, Guardian Jet Learning Center | Tagged , , , , , , | Leave a comment

Jet For Sale: 2000 Cessna Citation Excel, Serial No. 5101

Cessna Citation Excel for sale by Guardian Jet - serial no 5101 - interior

Guardian Jet is pleased to represent for sale a 2000 Citation Excel (Serial Number 5101).

Accommodating up to eight passengers, this midsize business jet is a great, reliable aircraft that will get you from Los Angeles to New Orleans, or from Chicago to San Diego.

Other notable features of the aircraft:

  • Airframe enrolled on Cessna ProParts
  • Engines enrolled on ESP Silver Lite
  • Gogo Biz Avance L3 Broadband Internet
  • Recent engine overhaul
  • Recently refurbished interior
  • Recent Doc 15 (144-Month) inspection
  • Previously operated FAR Part 135
  • No known damage history
  • Painted Matterhorn White with gold and green stripes

This well-maintained aircraft is available for immediate purchase, and priced at $3,100,000.

 Cessna Citation Excel for sale by Guardian Jet - serial no 5101 - interior

INTERIOR HIGHLIGHTS

This executive configuration features a two-place side-facing couch, a four-person club seating arrangement with two side ledge tables, and two aft club seats with individual slimline stowable tables.

A lavatory in the aft cabin features an externally serviced toilet. A forward refreshment center provides a heated liquid container, wine bottle storage, divided ice drawer, trash container, pull-out work surface and space for miscellaneous storage.

 

Cessna Citation Excel for sale by Guardian Jet - serial no 5101 - flight deck avionics

AVIONICS HIGHLIGHTS

The jet’s avionics feature the following, among other highlights:

AVIONICS: Honeywell Primus II 3-Tube EFIS

AUTOMATIC DIRECTION FINDER: Honeywell DF-850 ADF

COMMUNICATIONS: Dual Honeywell TR-833 Comm Transceiver with 8.33 kHz Spacing

COCKPIT VOICE RECORDER: Fairchild A200S Cockpit Voice Recorder

DISTANCE MEASURING EQUIPMENT: Dual Honeywell DM-850 DMEs

EMERGENCY LOCATOR TRANSMITTER: Artex 110-4 ELT

FLIGHT MANAGEMENT SYSTEM and GLOBAL POSITIONING SYSTEM: Dual Universal UNS-1CSP+

HIGH FREQUENCY RADIO: Honeywell KHF-950 HF Radio

NAVIGATION RADIO: Dual Honeywell NV-850 Nav Receivers

RADIO ALTIMETER: Honeywell ALT-55 Radio Altimeter

RADIO MANAGEMENT UNITS: Dual Honeywell RM-850 RMUs

STAND-BY FLIGHT DISPLAY: Meggitt Standby HSI Flight Display

TERRAIN AWARENESS WARNING SYSTEM: Universal TAWS A with Bank Limits and Minimums

TRAFFIC COLLISION AVOIDANCE SYSTEM: Honeywell TCAS 2000 TCAS II with Change 7.0

TRANSPONDER: Dual XS-852 Transponders with Mode S

WEATHER RADAR: Honeywell WU-880 Weather Radar Transceiver

 

ADDITIONAL EQUIPMENT 

  • Cockpit speaker mute switch
  • Dual 110VAC electrical outlets in the cockpit
  • 76 cu-ft. oxygen bottle
  • Universal UNS-1 UniLink with Uplink
  • 43 amp/hr. SAFT Nicad battery
  • Single point refueling
  • Pilot and co-pilot oxygen mask
  • Externally serviced lavatory

 

 

 

MAINTENANCE & INSPECTIONS HIGHLIGHTS

  • Aircraft maintained per Chapter 5
  • Aircraft enrolled on CESCOM
  • Recent Doc 6, 7, 8, 9, 10, and 15 inspections

 

Cessna Citation Excel for sale by Guardian Jet - serial no 5101

 

ABOUT THE CITATION EXCEL

Powered by two Pratt & Whitney engines, the Citation Excel was built by the Cessna Aircraft Company, based in Wichita, Kansas. It has a published range of 2,138 nautical miles (3,441 km).

With the success of Cessna’s high-end Citation VII, the manufacturer saw a market for an aircraft with the Citation X’s features, but aimed at a more traditional market, where it would chiefly compete with twin-turboprop aircraft.

To produce the Excel, Cessna took the Citation X’s wide, stand-up cabin fuselage, shortened it to about 21 feet (6.4 m) and mated it with an upswept wing that makes use of a supercritical airfoil (based on the Citation V Ultra’s wing), and the tail from the Citation V.

To power the aircraft, Cessna chose the Pratt & Whitney Canada PW500 turbofan. The Excel has the roomiest cabin in its class of light corporate jets, and typically seats six to eight in a corporate configuration, while being flown by a crew of two.

 

TO LEARN MORE . . .

Don’t hesitate to take advantage of this opportunity to own this 2000 Cessna Citation Excel aircraft.

For more information about serial number 5101, please contact Guardian Jet at 1-203-453-0800, email us, and/or download the aircraft specifications brochure.

 

 

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Aircraft for Sale: Dassault Falcon 2000, Serial No. 161

Dassault Falcon 2000, serial no 161 N411YF

This beautiful, 2001 Falcon 2000 represents a terrific opportunity for a buyer seeking a top-quality aircraft.

A 10-passenger business jet, the Falcon 2000’s interior features a forward, four-place club with folding tables and an aft four-place conference table across from two club seats.

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Offered at $5,995,000, a few highlights of S/N 161 include:

  • 2C and Gear Overhaul in 2014
  • Engines on Honeywell MSP Gold
  • APU on Honeywell MSP
  • LED Nav and Taxi Lights
  • HUD
  • ADS-B Out Version 2
  • Transitioned to new Falcon Inspection Program

Additionally, the aircraft:

  • Is equipped with a forward galley, an aft lavatory and a crew seat in the cockpit.
  • Was repainted In Matterhorn White with blue and red stripes in 2012, by Dassault Falcon Jet
  • Had its cockpit seats refurbished, and its galley and cabin carpet replaced by DFJ in March 2014

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Avionics

Features and highlights of the avionics suite include:

AIR DATA COMPUTER: Dual Collins ADC-850 Air Data Computer

AUTOMATIC DIRECTION FINDER: Dual Collins ADF-462 Modules

COCKPIT VOICE RECORDER: Honeywell CVR (120 minutes)

COMMUNICATIONS: Dual Collins VHF-422C VHF Transceivers

DISTANCE MEASURING EQUIPMENT: Dual Collins DME-422 DME Modules

EMERGENCY LOCATOR TRANSMITTER: 3-Frequency 96 ELT

ENHANCED GROUND PROXIMITY WARNING SYSTEM: Honeywell Mark V EGPWS

FLIGHT DATA RECORDER: Honeywell Digital Flight Data Recorder (32 Parameters)

FLIGHT MANAGEMENT SYSTEM: Dual Collins FMC-6100

HEADS UP DISPLAY: Rockwell Collins Head-Up Guidance System

HIGH FREQUENCY: Dual Collins HF-9034A HF Transceiver

INERTIAL REFERENCE SYSTEM: Triple Honeywell HG2001GD03 Inertial Reference Units

NAVIGATION: Dual Collins VIR-432 Navigation Modules

RADIO ALTIMETER: Dual Collins ALT-55B Radio Altimeter

TRAFFIC ALERT & COLLISION AVOIDANCE SYSTEM: Collins TTR-4000 TCAS with Change 7.1

TRANSPONDER: Dual Collins TDR-94D Transponders with ADS-B Out

WEATHER RADAR: Collins RTA-858 Weather Radar

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Maintenance Programs & Inspections

Regarding this Falcon 2000’s maintenance status, following are a few of the highlights:

  • Engines enrolled on MSP Gold
  • APU enrolled on Honeywell MSP
  • CAMP Maintenance Tracking Program
  • Dry Bay Mod completed 08/2012 (Ref. SB F2000-358)
  • 2C Inspection Completed at DAS Reno, NV
  • Gear Overhaul Completed in March 2014
  • Transitioned to 12 Month/800 Hour, 24 Month/1600 Hour Inspection Interval

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Communications & Entertainment Highlights

The aircraft features a full complement of communications and entertainment, including:

  • Satcom Aero I
  • Aircell ATG 5000 with WiFi access
  • Three handsets – One in cockpit and two in cabin
  • Baker Cabin Management System
  • Airshow 500
  • 13-inch LCD Bulkhead Monitor
  • Three Plug-in Monitors

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

Capabilities of this Falcon 2000

The capabilities of serial no. 161 feature:

  • RNP-10
  • BRNAV
  • VNAV
  • MNPS
  • 8.33 Spacing
  • RVSM
  • TCAS 7.1
  • ADS-B
  • EGPWS

 

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

For more information

To schedule a private showing of this Dassault Falcon 2000 aircraft, please email us or call Guardian Jet at +1-203-453-0800. You may view more images and specification details on our website.

 

Dassault Falcon 2000 N411YF s/n 161, photographed on March 28, 2018 at KSJC for Guardian jet.

 

Posted in Aircraft For Sale, Dassault Falcon Jet, Guardian Jet | Tagged , , , | Leave a comment