Buying a Jet? Here’s What You Need to Know About Aircraft Acquisition Today

Low Inventory

The aviation industry was one of the hardest hit by the pandemic with a number of aircraft manufacturers forced to halt production in 2020, from Airbus in Toulouse, France to Bombardier in Montreal Canada. Despite forecasts looking more optimistic, manufacturers will still take time to get production back to pre-pandemic levels. The near year-long pause in production will also continue to affect the landscape of the market.

If you plan to purchase an aircraft consider the following situations:

Preparation Pays

A good deal is hard to find. When one presents itself, a buyer has to be prepared to jump at the chance. But it isn’t as simple as running to the store. There are a number of things to have in order, such as financing, insurance, storage, maintenance, and various other registrations.

It’s highly recommended that you employ an aviation attorney. An aviation attorney should guide you through the bureaucratic red tape and get you ready to make an offer once the opportunity presents itself.

Moreover, having aircraft acquisition experts such as Liberty Jet will prove to save you time, reduce costs and minimize risks.

Next Steps

Finally, you’ve contacted your lender, finalized a budget, and have an approval letter prepared. Your aviation attorney has looked over all of your requests and given you the green light. Now all that’s left is for you to figure out which aircraft to purchase–a process that’s easy once Liberty Jet has analyzed your flying patterns.

Contact a Liberty Jet Acquisition Specialist today to get started.