• Follow Us: 

Trending :   Weddings      Travel      Celebs      Wines  

LOGIN / SIGNUP / 

How to Sell an Airplane in Today’s Market

  By   Oct 7th 2013 at 6:00AM Cars & Jets RATED
Cory Bengtzen

Cory Bengtzen

President and Founder of CB Aviation - a company that lets you lease, acquire and sell airplanes, Cory Bengtzen literally “grew up” in sales; specifically, in the automotive industry, where he honed his client representation skills and sharpened his understanding of all aspects of financing. His personal passion for flying both small aircraft and helicopters propelled his shift into the aircraft industry. He is also the star of Discovery Channel's Dangerous Flights. Follow him at @CoryBengtzen

 

how to sell a jet plane

 

 

You’ve been fortunate enough to own an airplane. And now you think it’s time to bid the vehicle goodbye - the cost of maintenance is too high and storage is adding up. Perhaps it’s time to buy something bigger and better. Fortunately for you, there has never been a better time to make that move!

 

You need to understand the market for airplanes is a lot smaller than cars. Not everybody has a pilot’s license or the need to own a private jet. So how do you find yourself a buyer in today’s market – without taking up too much of your time and money? Here’s a list of insider’s tips.

1.    Market your airplane internationally. It’s the only way to get a top dollar for your investment.
Take advantage of different economies and exchange rates. And if the process baffles you, get a professional airplane broker to help.

2.    Research on similar planes on sale. This will help you see the market value, buyer’s expectations as well as the supply and demand for the same. Following your study, you can make yours stand out from the others in the market.

3.    Don’t wait too long to sell your plane. It's a specialty market. Meaning to say, a buyer will continue to look until he finds what he wants. As a seller, you should be taking full advantage of that instead of letting your plane depreciate in value.

4.    Hire a professional. Being a pilot doesn’t necessarily mean you know the first thing about marketing. Selling an airplane is not for the faint of heart. The creative marketing professionals will make sure your airplane stands out in the crowd.

5.    Network with other flying enthusiasts to get the word out. You never know who you will get introduced to!

POST A COMMENT

To post this comment you must log in.

Login with: Facebook Indiatimes Network