Kevin O’Leary gives his two cents about the effects of the recession on the private jet market
Broomfield, Colo. March 30, 2009 – Kevin O’Leary’s professional advice on current trends of the private jet market is featured in the article: “TARP Banks: Downsizing Their Jets.” Mr. O’Leary explains that private jet sales continue to suffer and have acquired a great deal of negative press. However, O’Leary projects a slight turnaround.
CBS News investigative producer Laura Strickler covered the story in which she describes the pressures of yet another corporation to downsize their private jets in response to the economic recession. Many companies are scaling back despite low returns, in an effort to reverse negative public relations.
Strickler says, “Kevin O’Leary of the private aviation consulting firm Jet Advisors, says when he compares the first two months of 2009 to the first two months of 2008 he sees a 71% increase in inventory and sales are down by 56%. But he says that while jets were being sold at “fire sale” prices a few months ago, sometimes $10 million below market value, prices have recently gone up. He says he is seeing more corporate jets in the marketplace and he attributes it to pressure from the public and the Obama administration, ‘A private jet has a bad connotation right now.’”
The article ran on March 25, 2009. A full-version can be viewed at http://www.cbsnews.com/stories/2009/03/25/cbsnews_investigates/main4893176.shtml?source=search_story.
Monday, April 6, 2009
Wednesday, April 1, 2009
TAG Aviation’s Regional Vice President of Aircraft Acquisition and Sales Joins Jet Advisors as VP of Sales
Eugene Clow, expert in private jet sales and acquisitions, will bring over 35 years of industry experience to the staff of Jet Advisors
Broomfield, Colo. March 20, 2009 – TAG Aviation’s Regional Vice President of Aircraft Acquisition and Sales Joins Jet Advisors as VP of Sales.
Eugene Clow, expert in private jet sales and acquisitions, will bring over 35 years of industry experience to the staff of Jet Advisors.
The private jet brokerage company, Jet Advisors, announced the addition of aviation professional, Mr. Gene Clow, to its growing staff. Mr. Clow has been named VP of Sales and will be an asset to the company.
With over 35 years of experience in the industry to date, Mr. Clow has held highly-regarded positions at Raytheon Aircraft, Flight Safety, and most recently, TAG Aviation.
A few of Mr. Clows accomplishments to date include being awarded the "Blue Chip" in 1995 and 1998, being named the 1995 "Rookie of the Year" and the 1989 "Salesman of the Year," developing revenue of corporate jet transactions in a 17 state region and establishing the worldwide marketing program for aircraft simulators.
Mr. Clow has Advanced Flight training on the King Air 350, King Air B200, King Air C90B, BeechJet 400A, Boeing 737 and Boeing 757. In addition, he holds a BS in Business Management from Portland State University in Portland, OR.
About Jet Advisors:
Jet Advisors was founded to assist Aircraft Owners/Buyers and Fractional Share Owners in managing their private jet needs. The Broomfield, Colorado-based company routinely handles private jet sales and acquisitions, and fractional and private jet consulting. With one hundred years of combined industry experience and hundreds of aircraft transactions, Jet Advisors is able to provide the most accurate, insightful and objective information available in each unique private jet transaction process.
Broomfield, Colo. March 20, 2009 – TAG Aviation’s Regional Vice President of Aircraft Acquisition and Sales Joins Jet Advisors as VP of Sales.
Eugene Clow, expert in private jet sales and acquisitions, will bring over 35 years of industry experience to the staff of Jet Advisors.
The private jet brokerage company, Jet Advisors, announced the addition of aviation professional, Mr. Gene Clow, to its growing staff. Mr. Clow has been named VP of Sales and will be an asset to the company.
With over 35 years of experience in the industry to date, Mr. Clow has held highly-regarded positions at Raytheon Aircraft, Flight Safety, and most recently, TAG Aviation.
A few of Mr. Clows accomplishments to date include being awarded the "Blue Chip" in 1995 and 1998, being named the 1995 "Rookie of the Year" and the 1989 "Salesman of the Year," developing revenue of corporate jet transactions in a 17 state region and establishing the worldwide marketing program for aircraft simulators.
Mr. Clow has Advanced Flight training on the King Air 350, King Air B200, King Air C90B, BeechJet 400A, Boeing 737 and Boeing 757. In addition, he holds a BS in Business Management from Portland State University in Portland, OR.
About Jet Advisors:
Jet Advisors was founded to assist Aircraft Owners/Buyers and Fractional Share Owners in managing their private jet needs. The Broomfield, Colorado-based company routinely handles private jet sales and acquisitions, and fractional and private jet consulting. With one hundred years of combined industry experience and hundreds of aircraft transactions, Jet Advisors is able to provide the most accurate, insightful and objective information available in each unique private jet transaction process.
Wednesday, March 18, 2009
Robb Report Aviation Board wants Jet Advisors President
Broomfield, Colo. (PRWEB) February 16, 2009 – Jet Advisors President Kevin O’Leary has been personally asked to join Robb Report’s Private Aviation Advisory Board. The invitation is not only a compliment to O’Leary but to Jet Advisors as well.
Robb Report magazine targets the “ultra-affluent, sophisticated” consumer, providing detailed information in categories that include sports and luxury automobiles, yachts, real estate, travel, private aircraft, fashion, fine jewelry and watches, art, wine and state-of-the-art home electronics.
O’Leary will serve on the company’s private aviation advisory board, whose main objectives are to provide Robb Report members with expert recommendations on private jet models and options, and to help locate available offers. Other duties of the board include compiling noteworthy reports about the industry, as well as composing professional guides to the variety of private flying choices.
With extensive knowledge and experience in the private jet industry, O’Leary will be able to add another credible opinion to the aviation board.
O’Leary will be attending a meeting in New York City on February 17, along with six other board members. These professionals will collaborate to discuss what’s currently happening in the industry.
Robb Report magazine targets the “ultra-affluent, sophisticated” consumer, providing detailed information in categories that include sports and luxury automobiles, yachts, real estate, travel, private aircraft, fashion, fine jewelry and watches, art, wine and state-of-the-art home electronics.
O’Leary will serve on the company’s private aviation advisory board, whose main objectives are to provide Robb Report members with expert recommendations on private jet models and options, and to help locate available offers. Other duties of the board include compiling noteworthy reports about the industry, as well as composing professional guides to the variety of private flying choices.
With extensive knowledge and experience in the private jet industry, O’Leary will be able to add another credible opinion to the aviation board.
O’Leary will be attending a meeting in New York City on February 17, along with six other board members. These professionals will collaborate to discuss what’s currently happening in the industry.
Friday, February 20, 2009
Investment News Article
Jet Advisors President Featured in InvestmentNews Report
Kevin O’Leary talks status of aircraft market and a silver-lining
Broomfield, Colo. (PRWEB) February 11, 2009 – InvestmentNews correspondent Mark Bruno contacted Kevin O’Leary for a reliable overview of the current status of the aircraft market, especially after the negative press that corporations have been receiving. Although the numbers speak for themselves, O’Leary acknowledged a silver-lining in the industry’s slump.
O’Leary told InvestmentNews, in an article entitled, “Banks bail out of jets,” that the aircraft market has experienced a rapid decline in the past few months after its steady fall in months prior. In spite of this trend, O’Leary expressed that things are picking back up and the market will start to stabilize and then recover. This means that the current situation may be a great opportunity to buy. There are plenty of deals in the market and financing is becoming more readily available to potential customers. A purchase would be a great investment for when the market does turn around.
Bruno quotes O’Leary in the article multiple times: “There are so few buyers out there at the moment, yet the number of sellers is growing constantly,” and again explaining, “If you want to move something right now, you have to lower your asking price to a number where a buyer just can't say no."
O’Leary also mentioned the large numbers of corporate jets for sale, growing from four or five last year to well over 30, and for prices up to 40% less.
The article featuring Jet Advisors President Kevin O’Leary, “Banks bail out of jets,” was published February 15 in InvestmentNews, and is also available at http://www.investmentnews.com.
About Jet Advisors:
Jet Advisors was founded to assist Aircraft Owners/Buyers and Fractional Share Owners in managing their private jet needs. The Broomfield, Colorado-based company routinely handles private jet sales and acquisitions, fractional jet and private jet consulting. With one hundred years of combined industry experience and hundreds of aircraft transactions, Jet Advisors is able to provide the most accurate, insightful and objective information available in each unique private jet transaction process.
Contact:
Jet Advisors
(303) 410-1900
http://www.jetadvisors.com
info provided by http://www.jetadvisors.com/
private jet advisors
Kevin O’Leary talks status of aircraft market and a silver-lining
Broomfield, Colo. (PRWEB) February 11, 2009 – InvestmentNews correspondent Mark Bruno contacted Kevin O’Leary for a reliable overview of the current status of the aircraft market, especially after the negative press that corporations have been receiving. Although the numbers speak for themselves, O’Leary acknowledged a silver-lining in the industry’s slump.
O’Leary told InvestmentNews, in an article entitled, “Banks bail out of jets,” that the aircraft market has experienced a rapid decline in the past few months after its steady fall in months prior. In spite of this trend, O’Leary expressed that things are picking back up and the market will start to stabilize and then recover. This means that the current situation may be a great opportunity to buy. There are plenty of deals in the market and financing is becoming more readily available to potential customers. A purchase would be a great investment for when the market does turn around.
Bruno quotes O’Leary in the article multiple times: “There are so few buyers out there at the moment, yet the number of sellers is growing constantly,” and again explaining, “If you want to move something right now, you have to lower your asking price to a number where a buyer just can't say no."
O’Leary also mentioned the large numbers of corporate jets for sale, growing from four or five last year to well over 30, and for prices up to 40% less.
The article featuring Jet Advisors President Kevin O’Leary, “Banks bail out of jets,” was published February 15 in InvestmentNews, and is also available at http://www.investmentnews.com.
About Jet Advisors:
Jet Advisors was founded to assist Aircraft Owners/Buyers and Fractional Share Owners in managing their private jet needs. The Broomfield, Colorado-based company routinely handles private jet sales and acquisitions, fractional jet and private jet consulting. With one hundred years of combined industry experience and hundreds of aircraft transactions, Jet Advisors is able to provide the most accurate, insightful and objective information available in each unique private jet transaction process.
Contact:
Jet Advisors
(303) 410-1900
http://www.jetadvisors.com
info provided by http://www.jetadvisors.com/
private jet advisors
Monday, December 1, 2008
Rocky Mountain Airport Colorado Springs, CO
Runway Length 13,500
Runway Width 150
Elevation 6,184
Latitude 38 48'21"N
Longitude 104 42' 1"W
provided by http://www.jetadvisors.com
Runway Width 150
Elevation 6,184
Latitude 38 48'21"N
Longitude 104 42' 1"W
provided by http://www.jetadvisors.com
Monday, April 14, 2008
Gulfstream G450
The Gulfstream 400 was a central figure in the large-cabin private jet lineup since its introduction to the market, and the Gulfstream 450 lives up to its standards. It can fly eight passengers and three crew members from Tokyo to Seattle at a speed of .80 Mach. Everything from its engines to its flight control systems are high-performing and reliable.
Between fourteen and eighteen passengers should ride comfortably in the Gulfstream 450’s 1,513 cubic foot cabin. Passengers can stand up in the 6.2 foot high cabin and will enjoy the 7.4 foot width and 45.1 foot length (an 18 inch increase from the G-III). The 169 cubic feet of baggage space is accessible in-flight. Two full-length closets for coat storage are located inside the two fully enclosed lavatories.
There are plenty of cabin features that should make transcontinental and transoceanic flights enjoyable. Standard and optional electronic offerings include a CD, VHS, and DVD player, two LCD screens, individual headphones at each seat for the cabin audio system, a fax machine, and satellite phones. In case those features aren’t enough, a full-sized galley, power plugs, work tables, and a LAN connection are included as well. Electronics, lighting, and the two-zone temperature control system can be controlled from several different locations in the cabin.
The Gulfstream 450’s Rolls-Royce Tay Mk 611-8C engines are built around the high-pressure engine core of the Spey RB.183-555, which has successfully documented thousands of hours of flight time in various other commercial and private jets. The Rolls-Royce Tay engine, however, gets 2,600 pounds more thrust on takeoff than the Spey. The Tay engines produce 13,850 pounds of thrust each, allowing a sea level takeoff in 5,450 feet.
Much of the Gulfstream 450’s speed and range capabilities can be attributed to some small improvements to the structure. A new wing design cut down on drag and allowed for an increased fuel capacity, totaling 29,500 pounds. Overall weight was reduced by about 500 pounds due to the use of Kevlar and graphite-epoxy composites in some parts of the cabin and engine nacelles.
The fully integrated cockpit is taken up entirely by four Cathode Ray Tubes (CRT) that display all flight, systems, and navigation information. The full-color CRTs replace the mass of electromechanical instruments and displays that usually take up the control panel. Color radar, dual Flight Management Systems (FMS), navigation computers, and Engine Instrument and Crew Alert Systems (EICAS) are provided by Sperry Flight Systems. The new Enhanced Vision System (EVS) can create an infrared image of the view from the cockpit and displays it on the Head-Up Display (HUD) of the pilot. This image is accurate enough to show details like lights and reflective strips on the runway, enabling the pilot to fly and even land in low-visibility conditions.
Between fourteen and eighteen passengers should ride comfortably in the Gulfstream 450’s 1,513 cubic foot cabin. Passengers can stand up in the 6.2 foot high cabin and will enjoy the 7.4 foot width and 45.1 foot length (an 18 inch increase from the G-III). The 169 cubic feet of baggage space is accessible in-flight. Two full-length closets for coat storage are located inside the two fully enclosed lavatories.
There are plenty of cabin features that should make transcontinental and transoceanic flights enjoyable. Standard and optional electronic offerings include a CD, VHS, and DVD player, two LCD screens, individual headphones at each seat for the cabin audio system, a fax machine, and satellite phones. In case those features aren’t enough, a full-sized galley, power plugs, work tables, and a LAN connection are included as well. Electronics, lighting, and the two-zone temperature control system can be controlled from several different locations in the cabin.
The Gulfstream 450’s Rolls-Royce Tay Mk 611-8C engines are built around the high-pressure engine core of the Spey RB.183-555, which has successfully documented thousands of hours of flight time in various other commercial and private jets. The Rolls-Royce Tay engine, however, gets 2,600 pounds more thrust on takeoff than the Spey. The Tay engines produce 13,850 pounds of thrust each, allowing a sea level takeoff in 5,450 feet.
Much of the Gulfstream 450’s speed and range capabilities can be attributed to some small improvements to the structure. A new wing design cut down on drag and allowed for an increased fuel capacity, totaling 29,500 pounds. Overall weight was reduced by about 500 pounds due to the use of Kevlar and graphite-epoxy composites in some parts of the cabin and engine nacelles.
The fully integrated cockpit is taken up entirely by four Cathode Ray Tubes (CRT) that display all flight, systems, and navigation information. The full-color CRTs replace the mass of electromechanical instruments and displays that usually take up the control panel. Color radar, dual Flight Management Systems (FMS), navigation computers, and Engine Instrument and Crew Alert Systems (EICAS) are provided by Sperry Flight Systems. The new Enhanced Vision System (EVS) can create an infrared image of the view from the cockpit and displays it on the Head-Up Display (HUD) of the pilot. This image is accurate enough to show details like lights and reflective strips on the runway, enabling the pilot to fly and even land in low-visibility conditions.
Tuesday, April 1, 2008
Global Express
The Global Express was the pioneer of ultra-long-range private jets. At the time of its release, no other private jet had a cabin nearly as large, nor could any jet make such long-range direct flights, like New York to Tokyo or Paris to Singapore. The Global Express offers everything an airliner does – range, comfort, and speed –- without the hassle.
The cabin of the Global Express is designed to be comfortable for the duration of long transoceanic flights. The cabin can be configured to hold between thirteen and nineteen passengers in a cabin that is 6.3 feet high, 8.2 feet wide, and 48.4 feet long. The cabin can be divided into three areas for conferences for increased privacy. Two fully-enclosed lavatories are in the cabin, one of which can be equipped with a shower, if desired. Extensive cabin insulation cuts down on noise and improved engines produce less audible vibration. There is a wide range of standard and optional cabin amenities, including a 17 channel satcom, fax machine, cabin entertainment system with VHS, DVD, and CD players, as well as individual video screens, and a full-sized galley.
The engines themselves are BMW/Rolls-Royce BR710A2-20 turbofans, which produce 14,750 pounds of thrust each on takeoff. The Global Express can climb to 37,000 feet in nineteen minutes. Its maximum certified flight ceiling is 51,000 feet, but it generally cruises around 42,000 feet –well above most commercial and private jets. For long-distance flights the Global Express can reach speeds of 488 knots, and reach 499 knots when cruising at high speed. Fortunately, one of the strengths of the Global Express is its ability to fly at high speeds without sacrificing range. Its maximum range is 7,000 miles (6,100 nautical miles) at a speed of .85 Mach.
The avionics and flight control systems were designed to be intuitive and easy to operate. Many systems require almost no input from the pilots. The cabin pressurization system, for example, automatically adjusts the cabin pressure throughout the flight. All that the pilot has to do is enter the altitude of the runway of the initial and final destinations. The cabin is rated to 10 psi, meaning it can maintain a sea level cabin while at an altitude of 26,500 feet. Engine startup is very simple as well, as is the fuel balance system, which automatically adjusts the fuel levels in the two wet wing tanks. Besides being easy to fly, the Global Express is very reliable. Most of its critical systems has two or three backup systems.
The avionics system used in the Global Express is the Honeywell Primus 2000XP suite. It has six 7 x 8 inch screens. Some screen display flight and environment information, while others are blank (to minimize distractions) except when notifying the pilots of an emergency. The avionics system comes standard with a triple LASEREF IV inertial reference system, a GPS receiver, avionics computers, nav/comm radios, and can be configured to include almost any piece of avionics equipment desired.
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