Opening an Aircraft Broker Business Have you made the decision to start an aircraft broker business? We discuss the problems that sometimes come as a surprise to first-time entrepreneurs. Here are several pragmatic bits of advice on how to open an aircraft broker business.
As an aircraft owner you have three basic options when you choose to sell your airplane: Sell your airplane yourself. Sell or trade your airplane to a Dealer.
Select an Aircraft Broker to sell your airplane. We will explore each of these options realistically with you, suggest why you should select a quality broker to market your aircraft, and finally suggest why Carolina Aircraft, Inc.
In the USA anyone can aircraft brokerage business plan an airplane. You do not have to have any special training or even a special license to sell an airplane. Anyone with a desk and a telephone can bill themselves as an Aircraft Broker with or without experience or a dealers license and sell an airplane.
Like any other business there are excellent brokers and there are those that you should avoid. There are also those who may mean well but who do not have the experience to know what they are doing. Unlike other similar businesses like real estate the Aircraft Brokerage Business is totally unregulated.
Step 1: Learn about all different of the types of aircraft you intend to be involved with, being a pilot and/or AME is helpful. Step 2: Either work for a broker in that area or volunteer, to gain some understanding and experience for a couple of years. The merger brings together all the employees and ownership of both companies as part of a strategy of increasing domestic and international aviation brokerage, leasing, business and commercial aircraft sales, special missions, parts, and consulting business for the firm, officials note. We explore business aircraft brokerage and acquisition services, the Delta Aneo order, Boeing and Bombardier, ethical business aviation transactions, the Aerion supersonic business jet, and the Atlanta airport power outage.
A broker that does not know what he is doing can often cost you a lot of money and leave you with an expensive learning experience. A broker is an entity that brings a buyer and seller together to sell an aircraft the broker does not own for a commission. A dealer buys aircraft for inventory and is also usually an aircraft broker.
Dealers typically have the financial strength to purchase aircraft and take trade-ins if necessary to make a deal. Selling the Aircraft Yourself Advantages: Selling the aircraft yourself seems very attractive because you control the deal and you keep all of the money.
So, why would you do anything else but sell it yourself? You would not sell it yourself for the same reason you would not want to trust it to an inexperienced person to sell it.
You want results, not expensive lessons to learn how to do something you may only do once or twice in your life. If you are financially stable enough to own an aircraft, your time is valuable. Many companies specifically exclude sales demo coverage.
What could go wrong?
Here are a few examples we have heard from owners who have tried to sell their own aircraft: As a favor to one buyer, the seller let him fly the aircraft before completing payment. He walked away from the deal. A long demonstration trip was flown that resulted in no sale and the seller was left holding the bag for all expenses.
An unscrupulous buyer convinced the seller to bring the airplane for a prebuy to his location. The aircraft was inspected and rejected; however, the seller was faced with the maintenance bill. The owner did not get a deposit and was not reimbursed even for his fuel and pilot expenses.
Another negative is the time, distraction, and hassle factor of fielding the calls, separating the time wasters from the real prospects, sending out photos, specifications, brochures, log book copies, showing and professionally demonstrating the airplane, making sure it is clean, and following up with the real prospective buyers in a timely manner.
These tasks all have to be done and can rob your time from the business that earned you the kind of money required to own and operate an aircraft. You will probably come out far ahead by concentrating on what you do best and letting a professional who is experienced handle the transaction for you.
You might save money selling the aircraft yourself, however there are extra risks.
The real question to answer is, Will the money I might save selling this one aircraft earn more money than I can make doing what I do best, running my own business? Sell or trade your airplane to a dealer Advantages: Time is the major advantage of this option.
Our offers are subject to a pre-purchase inspection that we can conduct at your location or at our maintenance facility. We take the risk, pay for the maintenance, insurance, hangar, interest, and all of the other expenses associated with ownership.
You get your money almost immediately and do not have to hassle with marketing the airplane, having it detailed, or taking any calls. If you want your money now, without the hassle of going through the selling process this could be a good option to consider. Select an Aircraft Broker to sell your airplane Advantages:Free Air Charter Company Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. Founded in and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful.
Aircraft Marketing, Ltd - Las Vegas, NV (LAS) - Aircraft Marketing, Ltd., is a select group of aircraft professionals experienced in the turbine powered fixed and rotary wing aircraft brokerage and sales business. The combined technical knowledge of our team provides our customers with the complex and detailed information necessary to make good.
The merger brings together all the employees and ownership of both companies as part of a strategy of increasing domestic and international aviation brokerage, leasing, business and commercial aircraft sales, special missions, parts, and consulting business for the firm, officials note.
Free Other Aviation Broker Sample Business Plan for Aviation Broker - Business Plan # Step 1: Learn about all different of the types of aircraft you intend to be involved with, being a pilot and/or AME is helpful.
Step 2: Either work for a broker in that area or volunteer, to gain some understanding and experience for a couple of years.