Aircraft Sales Market
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When talking about the aviation market or business aviation market in the US, it mostly refers to the combinations of aircraft used for general aviation purposes. To break this down further, we are well aware of the fact that business aircraft are the primary items needed for aviation businesses, and all other business ventures are dependent on the aircraft and their functionalities. When talking about business aircraft, they are aircraft that are designed for the purpose of transporting people from one point to another, for commercial purposes. However, a business aircraft is not limited to that only, as they can be adopted for other purposes like cargo and shipping, or for use by the military and government officials.
When it comes to the market in the US compared to the rest of the world, it may interest you to know that the US has the largest aircraft sale and purchases in the world. Back in 2018, according to Statista, there were about 21,400 aircraft just for commercial purposes alone, as opposed to Europe’s 4,000 business aircraft. Just in 2018 alone, the United States witnessed about 1.60 million flight hours. The statistics are interesting and indicative of the fact that aviation is big business in the U.S., and it may interest you to know those aircraft brokers are a contributory factor to the stats. Florida, Texas, and California are major players, as the majority of the flights happening in the U.S. are to or from those locations.
There are different types of aircraft that make up the business aviation market in the U.S., and these aircraft come in different sizes. The aircraft range from single-pilot propeller-driven aircraft that do short trips within a city, to large turbine aircraft that fly international routes, not forgetting the choppers that are used for different commercial purposes. Interestingly, the biggest manufacturers of aircraft that operate in the U.S. include Boeing, Airbus, Bombardier, Cessna, Embraer, Dassault, and Gulfstream.
Factors that affect Aircraft Sales in the US
There are some factors to take into cognizance when an aircraft is on the market, and these factors include:
- Overhauls
- Equipment that is installed
- Engine hours
- Airworthiness directives
- Interior and Paint
- Damage history
When going for a pre-purchase inspection, it is important to look out for the following:
- Weak engine
- Corrosion
- Uncommonly low time
- Poor or undocumented damage repair
If it is a case of transfer of ownership, then these factors should be put into consideration:
- Title searches
- Sales contract
- Cape Town International Registry
Other factors to pay attention to include: Escrow (buyers and sellers), bill of sale, aircraft registration (incorporation, partnership, or individual), insurance, and aircraft documentation.
From the above, it is clear that anyone looking to purchase an aircraft needs the services of an expert aircraft broker in order to get the best deals that best suit the purpose for which the aircraft is needed. It is the duty of the broker to attend to the factors mentioned above, as well as take care of the paperwork needed to get the job done. It may interest you to know that good aircraft brokers in the US always have information about aircraft sales in the US, and thus are in the best position to help you get what you want, not only because they are experts at what they do, but also because they have amazing connections that come in handy every now and then.
The US is a lucrative hub for aircraft sales, and with the right aircraft broker, you can get amazing deals without hassles. Do not hesitate to get connected with an expert aircraft broker today, so you can make the right decisions.