How We Saved an Aircraft Buyer 100s of Thousands of $$$$ by doing our due diligence...
What you do need is a partner who is willing to go to bat for you to protect your interests and not look out for their own bottomline...
The Aircraft Purchase Process Will Then Take Place On A Level Playing Field!!!
This company was in desperate need of light jet with long-range capabilities those two requirements don't always line up together, but there are a few aircraft that can match those variables.
During our first conversation, the buyer made it clear that he wanted to buy a particular aircraft from a specific broker...as the buyer stated, he had done considerable research, and well he had concluded that he knew the exact aircraft he wanted.
The next week we travelled out of state to visit the aircraft in question, The second we climbed into the aircraft, which was rather nice; it smelled so bad of cigarette smoke that mine and the buyers' throats immediately began to become irritated.
This would not be the aircraft, and after looking at several other aircraft in this particular broker's inventory that matched the buyer's requirement, he settled on one.
As the representative of the buyer, I set up an independent A&P/IA mechanic to accompany me back to the location to review of the aircraft, its maintenance records, a test flight and to sign-off on the plane before moving forward with a comprehensive pre-buy inspection.
We arrived that morning; the logbooks were laid out and we began to review the records, and the maintenance was consistent for the first 25 years of the aircraft.
Then we arrived in the last three years were four specific inspections should have been performed. Well, the checks had been accomplished. However, there was not any indication of any items that were required to be replaced had been replaced from the scheduled inspection which was done; repairs were never done.
When we questioned this, the local maintenance representative had just noted the inspections were completed without ever replacing any parts. This left us with many red flags on the maintenance of this aircraft. We notified the buyer, and we decided to move on and not pursue this aircraft.
This particular aircraft is still for sale to this day some four-plus years later.
Subsequently, we did find an aircraft that matched the buyer's mission requirements and was able to put him and his business partner in it, and it is still operating for them consistently.
Could we have completed the deal on the other aircraft? Absolutely, but it could have cost several hundred thousand dollars to get all the maintenance completed.
Due diligence, it pays off.
Buying Your Next Aircraft: Get the best Maintenance, Operation and Negotiated Deal...
We are focused on providing the very best in Aviation Business Management and Aircraft Consulting services with the highest levels of customer satisfaction.
Aircraft Acquisition Management
Whether you are in the market for a piston aircraft, turboprop, small or large business jet; Kingdom Aviation can represent your interests...
- Aircraft Mission Requirements: Where will you fly, how many passengers, how often, runways analysis...
- Budget Analysis: Yes, there is a purchase price to manage, but more importantly, what will it cost to operate and maintain the aircraft monthly, yearly, multiple years...
- The Aircraft: We use our expertise and resources to find the correct that meet your mission requirements.
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Negotiation: We will negotiate in your behalf to obtain the best pricing on the purchase, pre-purchase inspection, and finish with the closing.
No matter if this is your first, second, or fifth purchase, this process can be a daunting proposition. Let us work for you.
We’ll analyze your past and future travel requirements to determine what aircraft model(s) best meet your overall needs.
We can prepare a cash flow analysis, if required, which includes the cost of acquisition and all flight department expenses for your consideration.
Market analysis, value retention and exit strategy considerations are all factors that allow you to choose an aircraft that best meets your transportation and investment objectives.
You can also rest assured that when the timing is right to upgrade, we will assist you in obtaining top retail dollar for your aircraft.
Evaluating your needs will assist Kingdom Aviation in determining the appropriate aircraft for you based on your specific mission profile and your budget requirements.
Please Email or call us at 512-942-7398 if you further questions.