Business

May 24, 2024

What a successful Private Aviation Exit looks like with Jessie Noar

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Navigating the Private Jet Market: Insights from Aviation Expert Jessie Naor

Understanding the intricacies of aircraft acquisition, management, and financing can be daunting in the world of private aviation. Jessie Naor, an industry veteran, offers valuable insights for consumers looking to navigate this complex landscape. Here are key takeaways from her extensive experience that can help private jet consumers make informed decisions.

Selecting the Right Aircraft

Choosing the right aircraft is crucial, especially if you plan on maximizing its use. Jessie emphasizes the importance of selecting models designed for heavy utilization. For instance, Embraer's Phenom 300, originally built for airline use, is a robust choice for those intending to fly frequently. Factors such as manufacturing quality, parts availability, and maintenance infrastructure should heavily influence your decision.

Understanding the Total Cost of Ownership

Owning a private jet involves significant costs beyond the initial purchase price. Jessie advises consumers to be aware of financing terms, especially the pitfalls of high-interest loans from hedge funds or asset-based lenders. Reasonable interest rates and a clear understanding of long-term maintenance costs are essential for managing the total cost of ownership effectively.

The Importance of Maintenance and Support

Maintenance and support infrastructure can make or break the ownership experience. Jessie highlights the importance of choosing aircraft with strong manufacturer support and extensive maintenance networks. This ensures that parts are readily available and that maintenance can be performed efficiently, reducing downtime and unexpected expenses.

Financing Strategies

Smart financing is critical. Jessie recommends avoiding high-interest loans that can quickly erode profitability. Instead, look for reasonable debt financing options and consider the long-term value of the aircraft. Investors and owners alike need to understand that private jets are long-lived assets, and depreciation should be planned over a realistic period, often much longer than the typical seven years used for tax purposes.

Building a Diverse Client Base

For those considering chartering their aircraft, Jessie advises against over-reliance on a single client or market segment. A diverse client base can provide stability and reduce risk. High-quality service and communication are key to maintaining good relationships with both retail and wholesale clients.

Selling Your Business or Aircraft

If you plan to sell your aircraft or aviation business, having an exit strategy is essential. Jessie learned this firsthand when her company reached a scale that required external financing. Preparing your business for sale involves demonstrating a profitable and scalable model, and being ready to present this to potential buyers or investors.

Consumer Advocacy and Industry Insights

Jessie’s current work focuses on consumer advocacy, helping buyers and investors navigate the private aviation market. She stresses the importance of seeking advice from industry experts and staying informed about market trends. For those new to private aviation, aligning with knowledgeable advisors can provide significant advantages.

Final Thoughts

Navigating the private jet market requires careful planning, informed decision-making, and a clear understanding of aircraft ownership's financial and operational aspects. Jessie Naor’s insights underscore the importance of choosing the right aircraft, securing reasonable financing, and maintaining a strong support network. Whether you're purchasing your first jet or looking to expand your fleet, these principles can help ensure a successful and rewarding ownership experience.

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DISCLAIMER

Disclaimer: Ironbird Partners LLC (the Air Charter Broker) acting as an “Authorized Agent” for the Charterer (client) shall; Contract for transportation services with only FAR Part 135 Direct Air Carriers or their foreign Civil Aviation Authority (CAA) equivalent that operate and exercise full operational control over those flights at all times. Flights can be sourced through Ironbird Partners, LLC Preferred Direct Air Carriers that meet all FAA or CAA safety standards and additional safety standards established by Ironbird Partners LLC. Ironbird Partners LLC is an Air Charter Broker and NOT a direct air carrier or direct foreign air carrier. All air service shall be provided by a properly licensed direct air carrier or direct foreign air carrier.

DISCLAIMER

Disclaimer: Ironbird Partners LLC (the Air Charter Broker) acting as an “Authorized Agent” for the Charterer (client) shall; Contract for transportation services with only FAR Part 135 Direct Air Carriers or their foreign Civil Aviation Authority (CAA) equivalent that operate and exercise full operational control over those flights at all times. Flights can be sourced through Ironbird Partners, LLC Preferred Direct Air Carriers that meet all FAA or CAA safety standards and additional safety standards established by Ironbird Partners LLC. Ironbird Partners LLC is an Air Charter Broker and NOT a direct air carrier or direct foreign air carrier. All air service shall be provided by a properly licensed direct air carrier or direct foreign air carrier.

DISCLAIMER

Disclaimer: Ironbird Partners LLC (the Air Charter Broker) acting as an “Authorized Agent” for the Charterer (client) shall; Contract for transportation services with only FAR Part 135 Direct Air Carriers or their foreign Civil Aviation Authority (CAA) equivalent that operate and exercise full operational control over those flights at all times. Flights can be sourced through Ironbird Partners, LLC Preferred Direct Air Carriers that meet all FAA or CAA safety standards and additional safety standards established by Ironbird Partners LLC. Ironbird Partners LLC is an Air Charter Broker and NOT a direct air carrier or direct foreign air carrier. All air service shall be provided by a properly licensed direct air carrier or direct foreign air carrier.