FREQUENTLY ASKED QUESTIONS

Q: Acquisition: reaching for new heights

The acquisition of a private jet is a complex process that requires guidance from experienced professionals. It is important to seek out a reputable jet broker or firm with good credentials, strong references and a global network of contacts.

The choice between buying new or used private planes for sale is affected by many factors, but availability is the most influential of all. Today’s orders of new aircraft from major manufacturers typically have a 2011 delivery date, which widely opens the market for refurbished jets. Used private planes for sale are in high demand as well, and professional expertise is invaluable in seeking out and negotiating the acquisition of the right aircraft.

The buying process itself requires expertise, a vast network of contacts, and a lot of discretion. The financing of the acquisition, base of operation, travel destinations, passenger load, and speed and range of the aircraft all help determine the appropriate jet. It is very important for the buyer to feel at ease and well supported throughout the buying process. A reputable jet broker will offer guidance in all the negotiation procedures, the all-important pre-buy inspections, and with closing the transaction and delivery of the aircraft.

Q: Buying jets - where to start?

If you want to purchase aircraft the best place to begin looking is your private jet broker. The broker has resources to assist you in locating, evaluating, and purchasing the aircraft you desire, whether a small corporate jet, or heavy aircraft for international travel. When getting the assistance of your jet broker, it is important to remember that the broker is not responsible for managing or maintaining the aircraft. While you may be able to get help evaluating the jet from your broker, in the end it is up to you to decide on the purchase.

Q: How will you market our aircraft?

Each client is unique and we tailor our approach according to those unique needs. We market the aircraft via worldwide e-mail campaigns and place the aircraft with the most productive websites and trade publications.  We determine whether a marketing venue is productive based on our historical tracking of where leads derive from.   We will create a brochure, featuring full specifications and photographs of your aircraft to be sent out to all prospective buyers.

Q: Ownership options for private jets?

If you have become convinced that some form of ownership of a private jet is your preference, you should become familiar with the available choices to accomplish your goal. The benefits derived from ownership tend to vary with the legal vehicle you select to achieve having your own personal jet.

First, you should carefully re-analyze the three most prominent methods of having a luxury jet at your disposal: charters, leasing, or ownership. This exercise will either reinforce your initial decision to buy or point you in another direction. Consult your tax advisor for clarification of any issues that purchasing a jet for sale may create.

Assuming you continue to desire taking title to a private jet, you’ll have three basic choices: full ownership, partnership, or fractional ownership. Full ownership often becomes a balance of funds and frequency of usage. Perusing luxury jets for sale if you’re considering only two or three trips per year may not make financial sense. However, if you typically travel once or twice per month, turning a jet for sale into your personal aircraft may be a wonderful idea.

Q: Purchasing a personal jet?

There are some primary items that you should consider when looking at private planes for sale, in addition to any other personal issues or questions you may have, if you’d like to own a personal jet. This is a major purchase that should be considered thoroughly and with your personal preferences and desires at the forefront.

What type of private jet is best for you? What length and type of trips do you normally take? Do you already have a preference of luxury jets for sale because you’ve enjoyed one or more charter flights with certain models? For example, if you prefer Cessna products, become familiar with Cessna prices of models you prefer, look for Cessna aircraft for sale, and procure the history and safety record of all specific aircraft you’re considering.

Cabin comfort and size are very important depending on your common trip length and typical number of traveling companions. Do you prefer a stand-up cabin, sleeping stateroom, seating that converts to beds, and large work/dining tables or other configurations?

These considerations should be evaluated before you look for a specific luxury jet for sale, consider sellers, or investigate financing options. Spending quality time evaluating your needs and preferences – and then relating them to specific private jet offerings – will make your search for and purchase of the best aircraft sales a successful experience.

Q: Sale - realizing the full potential

While the sale of an aircraft may sound easy in a market where demand exceeds supply, it is anything but simple. From the valuation of the asset to the evaluation of an offer, right up to the final sale, the marketing expertise and, most importantly, the network of contacts that a reputable broker provides is invaluable in getting the best return possible on the investment.

Q: Selling - What will it cost?

All costs associated with marketing your aircraft are completely absorbed by L &L International.  You only pay a commission when the aircraft deal is completed

Q: What are our qualifications?

Over 10 years of experience in the industry; during which we have completed over $2 Billion worth of aircraft transactions. This experience has afforded us numerous long term relationships and resource contacts. Our repeat clients and their referrals have been the best indication of our success. Our superior reputation is why we are trusted agents for so many companies and high net worth individuals.

Q: What are the different types of private jets and how do they differ?

Private jets are typically categorized into three different size classes – light jets, mid-sized jets and heavy jets.

Light jets are the smallest jets, with a cabin height approximately 4 feet 6 inches, width of about 4 feet 9 inches, and cabin length that varies from 12 to 16 feet. The aircraft typically have a limited galley and lavatory, and a range of between 3 and 4 hours or 1,000 to 1,600 miles.

Mid-size jets have a cabin height of approximately 5 feet 8 inches and a width of close to 6 feet. The cabin length ranges from 17 to 21 feet. They are equipped with a small galley and a fully enclosed lavatory. Mid-size jets have a range of between 4 and 5 hours or 2,000 to 2,500 miles.

Heavy jets are the largest with sizes and ranges that vary significantly depending on the model. Heavy jets generally have a cabin height of over 6 feet and are considered true stand-up cabins. Cabin width varies from 6 to 8 feet and cabin length ranges from 28 to 50 feet. Heavy jets have a range of 6 to 14 hours or 3,000 to 7,500 miles. They always have a full lavatory and galley and fly with a flight attendant who provides complete in-flight meal and beverage service.

Q: What is our plane worth in your professional opinion?

During our initial consultation, we will discuss the current market status or your aircraft, establishing the asking price, and the price range you could expect to receive legitimate offers in.  Our daily involvement with contacts and thorough tracking of specific jet markets allows us to expertly determine aircraft values.  We are routinely contacted by financial institution and appraisers to evaluate and appraise aircraft values.

Q: What is the aircraft age

If you want to purchase a jet aircraft, one major factor to consider is the age of the jet. Mileage isn’t the only factor in the airworthiness of a jet. A 1997 National Materials Advisory Board study on aging aircraft focused on corrosion, and stress corrosion cracking, naming those issues as serious factors that alter the life of a jet. Corrosion is a major factor because a jet plane that has low flying hours can still suffer the ravages of corrosion over a 20 or 40-year lifespan. Not all aircraft damage comes from normal wear and tear. If you aren’t experienced in evaluating such matters, it’s best to have an expert look over a potential purchase for a structural evaluation.

Q: What type of private jet is best for you?

What length and type of trips do you normally take? Do you already have a preference of luxury jets for sale because you’ve enjoyed one or more charter flights with certain models? For example, if you prefer Cessna products, become familiar with Cessna prices of models you prefer, look for Cessna aircraft for sale, and procure the history and safety record of all specific aircraft you’re considering.

Cabin comfort and size are very important depending on your common trip length and typical number of traveling companions. Do you prefer a stand-up cabin, sleeping stateroom, seating that converts to beds, and large work/dining tables or other configurations?

These considerations should be evaluated before you look for a specific luxury jet for sale, consider sellers, or investigate financing options. Spending quality time evaluating your needs and preferences and then relating them to specific private jet offerings – will make your search for and purchase of the best aircraft sales a successful experience.

Q: Why using a jet broker to purchase an aircraft?

When you buy or sell a house, you go through a real estate agent. When you’re considering buying or selling an aircraft, you can do it alone or use an aircraft sales broker. The advantages of working with a broker are significant. Brokers know the market, the current values of aircraft, the worldwide availability of various models, recent sales transactions and can negotiate on your behalf without the seller knowing your identity.

Brokers can also assist you in handling a simultaneous transaction of selling your current airplane, while buying a new model. This ensures that you are not left without air transportation, if that’s important to you. They can also assist you by chartering you a plane before your new aircraft is ready to fly you

Brokers have only one interest in mind, and that is yours. They act as your agent and will negotiate the best deal on your behalf. Since they do this for a living they can be much more effective than someone who only does this every once in a while.