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aircraft management

  • NAFA Administrator posted an article
    Q&A: Aircraft Hull Value Adjustments in Volatile Market Conditions see more

    Today’s aircraft market conditions bring to light the importance of insurance and accurate hull values. If you have not consulted with your insurance agents, underwriters, or legal teams about your coverages and exclusions, the current hull value assigned to your aircraft could be off by millions.

    Driven by unprecedented demand and record-low inventories, asset values are rapidly changing in almost every aviation market segment. Industry reference guides are unable to keep up. While these fluctuating market conditions remain, we recommend you consult with your insurance professionals at least twice a year to review hull value and adjust as needed.  

    NAFA member Ann Pollard, Aircraft Sales & Acquisitions for Duncan Aviation, recently sought expert advice from Michael McCray, Senior Vice President at Marsh JLT Specialty, to offer best practices about managing Agreed Hull Values policy adjustments in volatile market conditions.  

    Read full article here

    This article was originally published by Duncan Aviation in April 2022.

  • NAFA Administrator posted an article
    Aftermarket OEM Support: A Market Overview see more

    Looking for insights into the current and future challenges faced by the leading business jet OEM aftermarket support networks? AvBuyer’s Matt Harris asked NAFA member, Bombardier’s Chris Debergh for his perspectives on the sector.

    There’s a lot more to business jet manufacturers than simply building and selling airplanes. A big part of their activities involves taking care of the ongoing needs of owners and operators long after the aircraft have flown away from the factory with their new owners.

    That support ensures the aircraft remain in optimal condition, providing the functionality they were built to deliver; are modified to remain airworthy where necessary; can be upgraded when improved solutions become available to enhance the flying experience; and are expertly maintained long after the factory warranty expired.

    All of this ensures operators of newer, and out-of production pre-owned jets, alike, can enjoy flying those aircraft with peace of mind.

    For this reason, the leading aircraft manufacturers have extensive support networks, usually spread strategically around the planet, ensuring the necessary assistance reaches operators where it’s needed, when it’s needed.

    Read full article here

    This article was originally published by AvBuyer on February 14, 2022.

     

  • NAFA Administrator posted an article
    Wheels Up Joins National Aircraft Finance Association see more

    FOR IMMEDIATE RELEASE: April 13, 2022                                   

    Contact: Tracey Cheek 

    tlc@nafa.aero 

    405.850.1292 

     

    Wheels Up Joins National Aircraft Finance Association 

    Edgewater, MD – National Aircraft Finance Association (NAFA) is pleased to announce that Wheels Up (NYSE:UP) has recently joined its network of aviation professionals. Wheels Up provides on-demand private aviation services to more than 12,000 members with a fleet of over 1,500 owned, leased, managed, and partner safety-vetted and verified aircraft. 

    “NAFA is pleased to welcome Wheels Up to our association,” said Jim Blessing, president of NAFA. “As NAFA celebrates our 50th anniversary, we point to the many services our members offer to the public, including the work Wheels Up does in the private aviation vertical. We look forward to a long cooperative relationship.” 

     

    About Wheels Up: 

    Wheels Up is the leading provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. Powered by a growing marketplace of more than 1,500 safety-vetted and verified aircraft, Wheels Up is the only company in the industry to offer a total private aviation solution that includes a relentless focus on safety and service, with flexibility across all types of aircraft, membership programs, corporate solutions, aircraft management, whole aircraft sales and commercial travel benefits through a strategic partnership with Delta Air Lines. 

    The Wheels Up App enables members and customers to search, book and fly. Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Up Down events and exclusive member benefits from preeminent lifestyle brands. Wheels Up's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the company and its customers, members, stakeholders, families and friends. The Wheels Up Cares fleet comprises five custom-painted Beechcraft King Air 350i aircraft, with each plane serving as a flying symbol for a specific social cause. 

     

    About NAFA: The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences, and industry insights allow member companies to provide the highest quality services the industry has to offer.  

  • NAFA Administrator posted an article
    MySky Joins National Aircraft Finance Association see more

    FOR IMMEDIATE RELEASE: April 7, 2022                                   

    Contact: Tracey Cheek 

    tlc@nafa.aero 

    405.850.1292 

      

    MySky Joins National Aircraft Finance Association 

     

    Edgewater, MD – National Aircraft Finance Association (NAFA) is pleased to announce that MySky has recently joined its network of aviation professionals. MySky is an AI-powered spend management platform that brings transparency to business aviation while reducing costs and saving time. It allows clients to use the world’s largest verified costs database to calculate accurate flight costs and margins; build budgets for any aircraft to unveil the true cost of ownership; benchmark spending with independent verification; process, manage and recharge expenses quickly and efficiently; and manage tax reporting and compliance. 

    “NAFA members proudly support the business side of aircraft ownership, and we welcome MySky to our association,” said Jim Blessing, president of NAFA. “Spend management and budgeting are paramount concerns to our members and an important aspect of owning aircraft. As NAFA celebrates our 50th anniversary, we look to these cutting-edge technologies from MySky to keep our members and our organization on the front lines of progress.” 

    Jean de Looz, head of Americas at MySky said, “MySky’s goal is to help make private aircraft ownership and management more agile, efficient and transparent. Without more financial clarity, owners, operators and managers can easily find spend management a huge challenge. NAFA provides an important role in supporting organizations that educate and offer expert financial advice to the private aviation industry and we are proud to become a member.” 

      

    Products & Services: 

    • Spend management  

    • Quote flight cost  

    • Budget financial planning  

    • Tax reporting solutions 

      

    About MySky: 

    MySky is the only AI-powered spend management platform designed specifically for the private aviation industry. Headquartered in Geneva, Switzerland and founded in 2015, MySky is a global technology company bringing transparency to business aviation operations, while reducing costs and saving time.  

    Fueled with the largest pricing database in the industry, and by digitizing and validating financial invoices and simplifying administrative processes, MySky’s technology enables private jet owners, brokers, operators and aircraft management companies to manage private jets more efficiently.  

    Through MySky’s products Budget, Quote and Spend Management, operators can guarantee financial security to owners through efficient and transparent cost management and independent third-party verification. Owners, in turn, know that all costs have been verified and benchmarked and trust the operator’s procurement process. 

     

    About NAFA: The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. The company now has three offices: Geneva, New York City and Dubai. 

  • NAFA Administrator posted an article
    Priester Aviation Joins National Aircraft Finance Association see more

    FOR IMMEDIATE RELEASE: March 21, 2021                                   

    Contact: Tracey Cheek  

    tlc@nafa.aero 

    405.850.1292 

      

    Priester Aviation Joins National Aircraft Finance Association 

    Edgewater, MD – National Aircraft Finance Association (NAFA) is pleased to announce that Priester Aviation has recently joined its network of aviation professionals. Priester Aviation, one of the largest and most experienced private aviation companies, specializes in aircraft management, executive jet charter and private travel solutions. 

    Priester offers unmatched capabilities and deep connections throughout the industry, serving as a trusted partner for clients, while delivering daily on its personal, relationship-based legacy forged over 75 years of business.  

    “NAFA members proudly support general and business aviation aircraft throughout the world, and we’re happy to add Priester Aviation to our association,” said Jim Blessing, president of NAFA. “The use of private aviation has grown tremendously, and as NAFA celebrates our 50th anniversary, we point to the many services our members offer to the public, including services Priester Aviation provides to the private aviation vertical.” 

    Headquartered in Chicago, Priester serves clients in the United States and globally from operating bases throughout the world. Its dedicated team offers clients expertise and personal attention through a range of services, including experience for on-demand and Centerline Jet Card charter customers, with full fleet capabilities to utilize the right-size aircraft for the mission.  

    It offers multiple aircraft management programs structured to meet individual needs and tailored to maximize a client’s returns, handling crewing, logistics and accounting, while prioritizing and exceeding safety and maintenance requirements. For owners who are looking to reduce the cost of aircraft ownership, Priester facilitates FAA Part 135 worldwide charter certification to generate revenue. 

    “Being part of the NAFA network opens up more avenues to serve our clients,” said Charlie Hughes, Priester’s senior vice president of management sales. “Our aviation partners can be assured that there is a solid level of trust when they look for assistance handling all the details of aircraft ownership, including financial decisions and fleet planning. It adds to capabilities we’ve been known for decades.” 

     

    About Priester Aviation: 

    Priester Aviation is among the world’s most experienced global private aviation companies, specializing in aircraft management and private travel solutions.  With over 75 years of experience, Priester Aviation is among the elite private aircraft management companies that hold the highest safety accreditations including the ARGUS Platinum rating, Wyvern approval, IS-BAO Stage III and Air Charter Safety Foundation certifications.   

    About NAFA: The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences, and industry insights allow member companies to provide the highest quality services the industry has to offer.  

  • NAFA Administrator posted an article
    AdviseAir Joins National Aircraft Finance Association see more

    FOR IMMEDIATE RELEASEFebruary 4, 2022                                  

    Contact: Tracey Cheek

    tlc@nafa.aero

    405.850.1292

    AdviseAir Joins National Aircraft Finance Association
     

    Edgewater, MD: National Aircraft Finance Association (NAFA) is pleased to announce that Tenafly, NJ -based AdviseAir has recently joined its professional network of aviation professionals under the leadership of Patti Ann Sullivan (founder and aviation financial advisor).

    AdviseAir navigates the highly regulated and complex private jet industry on behalf of its clients, offering insightful analysis and fiscal oversight of whole aircraft ownership and various private travel solutions. AdviseAir designs a tailored Fiscal Flight Plan® to help private jet flyers and aircraft owners make informed financial decisions around their aviation asset acquisition and throughout the ownership lifecycle. 

    With 30+ years in the private aviation industry, AdviseAir has comprehensive knowledge and experience with the issues, service providers, and programs aircraft owners face.  As the client representative, AdviseAir liaises with the vast array of aviation service providers delivering an unbiased approach to its clients' aviation asset cost of ownership management. 

    "NAFA members form a network of aviation finance services who diligently and competently operate with integrity and objectivity throughout the world. We're excited to welcome AdviseAir to our growing organization as we celebrate our 50th anniversary," said Jim Blessing, president of NAFA.

    Services:

    Capital planning

    ·    Feasibility study

    ·    Travel needs analysis

    ·    Budget design

    ·    Service provider RFP and negotiations (aircraft management, fractional share, membership and JetCard programs)

    Financial management​

    • Monthly audit of aircraft management operator statement
    • Charter revenue management
    • Fractional share and membership program financial management
    • Aircraft use policy oversight and accounting
    • Partnership accounting

     

    About Patti Ann Sullivan:

    Patti Ann Sullivan, founder of AdviseAir, approaches each client relationship knowing that every individual's situation is unique and requires a distinct approach. She draws upon 30+ years of private aviation experience rendering aircraft management and capital solutions for clients that range from high and ultra-high net worth individuals as well as mid-market to investment grade corporations. Patti Ann has managed over $5.5 billion in aviation assets throughout her career.  She has worked with the National Aircraft Resale Association as an associate Member Board (now IADA), Board member of Massachusetts Business Aviation Association (MBAA) and Advisor to Corporate Angel Network (CAN). Patti holds a BA in Business with a minor in Finance from Boston University and is completing an MMBA in Aviation and Aerospace Management at Embry Riddle.  She currently resides in the metropolitan NYC area.
     

    About NAFA: The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences, and industry insights allow member companies to provide the highest quality services the industry has to offer.

  • NAFA Administrator posted an article
    Valuing the Rolls-Royce CorporateCare Enhanced Program see more

    After NAFA member Rolls-Royce established its latest CorporateCare Enhanced program within the Business Aviation community, NAFA member, Asset Insight's Tony Kioussis examines the value of Rolls-Royce’s expanded coverage.

    During the 2018 National Business Aviation Association (NBAA) annual NBAA-BACE conference, Rolls-Royce introduced CorporateCare Enhanced, the company’s expansion of its highly-regarded, and widely-accepted, CorporateCare Long Term Service Agreement (LTSA) or Hourly Cost Maintenance Program (HCMP).

    By expanding engine coverage to all maintenance and troubleshooting on the engine cowls, Thrust Reverser Units (TRUs), and engine build-up on the BR710, BR725 and the brand-new Pearl 15 engines, CorporateCare Enhanced® has enrolled over 1,400 engines as of this writing.

    Now that the program has matured, this seemed like a good time to examine what additional value the coverage provides to new, as well as existing CorporateCare users who upgrade to CorporateCare Enhanced.

    Read full article here

    This article was originally published by AvBuyer on October 12, 2021.

     

  • NAFA Administrator posted an article
    David G. Mayer, Partner at Shackelford Law shares some insights and guidance on aircraft management. see more

    NAFA member, David G. Mayer, Partner at Shackelford, Bowen, McKinley & Norton, LLP, shares some insights and guidance on aircraft management.

    Many first-time and experienced aircraft buyers have entered the market to purchase a private jet and travel far away from commercial airports. But the aircraft they plan to fly may be no more than an expensive paperweight until the right management organization helps the owners get their aircraft safely off the ground.

    Since Covid-19 disrupted air travel in 2020, the demand of first-time and repeat aircraft purchasers of whole and fractional aircraft has climbed sharply and reduced the available inventory of aircraft to historical lows. At the same time, Part 135 operators have experienced a burst in demand for chartering, creating significant pressure to provide services to customers beyond the operator's normal capacity. The stress makes the careful selection of a management company more important than ever before.

    Read full article here

    This article was originally published by AINonline on November 12, 2021.

  • NAFA Administrator posted an article
    NAFA member, Clay Lacy Aviation, discusses private jet membership vs. custom jet charter services. see more

    Demand for flying by private jet increased significantly in the final quarter of 2020 as a result of the coronavirus pandemic and travelers looking for a more private way to travel. New entrants to the industry grew the customer base for both private jet membership and charter providers.

    These newcomers have three main private travel options to choose from, but which is best?

    The answer depends on these key factors:

    • Availability
    • Budget
    • Customer service

    Read full article here.

    This article was originally published by Clay Lacy Aviation on July 28, 2021.

  • NAFA Administrator posted an article
    NAFA member, Greg Reigel of Shackelford Law, discusses drafting Aircraft Mechanic Liens. see more

    NAFA member Gregory J. Reigel, Partner with Shackelford, Bowen, McKinley & Norton, LLP, discusses Aircraft Mechanic Liens.

    If you perform work, provide services, or furnish materials to an aircraft, you likely have the right to assert a lien against that aircraft.  A lien may also arise from a lien claimant’s storage of an aircraft. Aircraft mechanic liens are governed by state law.  And each state is a little bit different.  However, most states require that a lien statement be filed with the Federal Aviation Administration (“FAA”) within a certain period of time.

    What Does The FAA Require?

    In order for the FAA to accept and record a lien statement, it must include the following:

    1. The state or the specific law under which the lien is being claimed;
    2. A description of the aircraft including manufacturer, model, serial number, and registration number;
    3. The amount of the claim;
    4. The date on which the last labor, services, or materials were furnished on/to the aircraft; and
    5. Signature of the claimant showing appropriate title of the individual signing the statement.

    Read full article here.

    This article was originally published by Shackelford, Bowen, McKinley & Norton, LLP, on April 26, 2021. 

  • NAFA Administrator posted an article
    VREF's Jason Zilberbrand discusses what you need to know about annual airplane inspections. see more

    NAFA member Jason Zilberbrand, President & CTO of VREF Aircraft Value Reference & Appraisal Services, discusses annual airplane inspections.

    Is your aircraft due for its annual inspection? What do you actually know about this critical part of airplane ownership?

    Annual inspections keep your aircraft in safe, airworthy condition. You can address any issues before they cause an accident.

    Your inspection records are important when you sell your plane too. Good record-keeping and a history of making any necessary repairs can increase the resale value of your aircraft.

    Find out more about required aircraft inspections. You'll be able to make more informed decisions about the maintenance of your aircraft.

    Types of Required Aircraft Inspections

    Federal regulations require several types of aircraft inspections depending on how the airplane is used. The three main types are:

    • Annual inspections
    • 100-hour inspections
    • Progressive inspections

    Annual inspections apply to most aircraft. Any aircraft that carries passengers for hire needs 100-hour inspections as well.

    Progressive inspections are only available for certain applicants. High-usage fleets like flight schools often use progressive inspections to minimize downtime. Checks of aircraft components happen at fixed intervals.

    For example, if your plane would normally need a 100-hour inspection, you could do an inspection every 25 hours that would cover part of what the 100-hour inspection includes. After four such inspections, the 100-hour inspection would be considered complete.

    In addition to these three types of inspections, a plane must pass a preflight inspection before it can fly. Every pilot must make a preflight inspection before each flight.

    Title 14 of the Code of Federal Regulations defines the inspection standards. People often refer to these regulations as the FARs.

    Read full article here

    This article was originally published by VREF Aircraft Value Reference & Appraisal Services on April 13, 2021.

  • NAFA Administrator posted an article
    The Importance of Aviation Management for First-Time Buyers see more

    NAFA member Clay Lacy Aviation discusses the importance of aviation management.

    Have your travel needs outgrown your charter, fractional or jet card program? Clay Lacy Aviation’s aircraft management professionals help first-time buyers find, purchase and manage their new aircraft in a process that starts and continues with one point of contact leading a team of subject matter experts. That’s the importance of aviation management.

    Buying an Aircraft? You Need More than a Broker

    Who do you first contact when you are considering buying an aircraft for the first time? An aircraft broker? Of course, the industry is teeming with brokers ready to sell an aircraft they just know is perfect for your needs.

    How many of your needs, though, are they accounting for when searching for your first aircraft? Unfortunately, some only consider your planned use and not your needs for maintaining and operating an aircraft over a longer period of time, including resale value. In other words, total lifecycle costs. Brokers might be able to find and acquire an aircraft for you, but they will not be there when the time comes to operate and maintain it.

    Your Team of Subject Matter Experts

    Clay Lacy Aviation aircraft management brings together the team of subject matter experts (SMEs) you need to purchase, maintain and operate your aircraft.

    Brokerage: Our aircraft managers know the best brokers across the country and around the world. Contact us, and we will match you with a broker who would be a great fit for your needs, location and personality.

    Maintenance: When you manage your aircraft with Clay Lacy Aviation, we can also provide scheduled and unscheduled maintenance when you need it at any one of our FAA Part 145 Repair Stations. Beyond maintenance, we also offer avionics, inflight entertainment and interior upgrades when you are ready to update your jet. We also work with leading maintenance, repair and overhaul facilities across the country. Our objective is to identify the right maintenance solution that is cost efficient and minimizes downtime of your aircraft. While maintenance is a necessary part of aircraft ownership, no one likes having their plane unavailable for long periods of time due to extended maintenance or poor planning.

    Operation: Flight crews with the right balance of expertise and personality to create the environment you desire onboard are hard to find. We recruit the most skilled and experienced pilots, cabin attendants and maintenance technicians, carefully vetted through a meticulous interview process – and then we provide biannual training to maintain and improve their already stellar skills. It’s a culture of continuous improvement. There is always room to be better each day.

    Management: With a single point of contact, you will interact with your Clay Lacy Aviation aircraft manager more than any other person throughout your aircraft ownership experience. We lead the team, manage the aircraft (and your budget) and ensure your experience is exactly what you expected when you first purchased your jet.

    As a first-time aircraft buyer, you need more than a broker. You need a team of aviation professionals who know the ins and outs of every aspect of aircraft ownership, so you can enjoy your jet – not manage it. We will help assemble that team and be with you every step along the way, just like we have for hundreds of clients over the past five decades since our founding in 1968.

    This article was originally published by Clay Lacy Aviation on March 30, 2021.

  • NAFA Administrator posted an article
    Various Factors That Affect Private Jet Costs see more

    NAFA member Clay Lacy Aviation discusses various factors that affect private jet costs.

    Flight hours refer to the cumulative number of hours an aircraft has flown. Hours of use, in the case of aviation, is more important than age. Flight hours is also how charter companies like Clay Lacy Aviation charge for private jet charter flights.

    While there are a number of factors that affect private jet cost per hour, here are the main buckets.

    Aircraft Size and Hourly Rates

    There are six general sizes of aircraft available for charter: light, midsize, super midsize, large, ultra long range and commercial VIP. These sizes are common categorizations throughout the world for different models of business jets.

    The smaller the private jet, the lower the cost per hour. For example, a midsize jet hourly rate ranges between $3,500-$4,600. These aircraft seat six to eight passengers and fly 2,200-3,200 nautical miles. Meaning many midsize jets are capable of non-stop, coast-to-cost travel in the United States.

    As the aircraft size increases, so does the cost per hour. Larger aircraft also offer additional amenities like multiple seating zones, a proper galley or multiple lavatories (separate ones for passengers and crew), more seats for more passengers and can travel farther without stopping for more fuel. An ultra long range jet, like the Gulfstream G650 or Global 7500 for example, is needed to make the 6,300-nautical-mile trip from Los Angeles to Hong Kong.

    Flight Distance and Multi-Leg Trips

    Aircraft can fly a certain distance – measured in the nautical miles mentioned above – before they need to refuel. The farther your flight, the more fuel your aircraft needs. Larger aircraft burn more fuel, but they also carry more passengers and offer greater amenities, which is why large and ultra long range jets are required to make most overseas trips.

    Multi-legs trips can also increase fuel burn because each stage of your flight – takeoff, climb, cruise and landing – burn different amounts of fuel. The most economical of which is cruising. Multiple takeoffs and climbs burn and require more fuel, increasing cost per hour.

    Clay Lacy Aviation’s hourly rates include the cost of fuel the aircraft needs for your trip.

    Challenger 350 Private Jet Cost Per Hour

    Consider this Challenger 350 planned for flight from Palm Beach, Florida to New York’s Westchester County Airport in White Plains with these specifications.

    • 5 of passengers
    • 0 stops
    • $33,500 for a round-trip flight on the same day giving you about 7 hours in New York or;
    • $39,900 for a round-trip flight with two overnights in New York.

    The hourly rate will be around $6,000 inclusive of all taxes, fees and overnights, among other factors.

    Added Benefits of Chartering with Clay Lacy Aviation

    Charter clients enjoy benefits beyond the hourly rate with Clay Lacy Aviation. For instance, private jet charter cost per hour is based on market pricing, which is 20-25% lower than actual fixed hourly rates. Something you might find with a jet card program.

    We also do not have hidden fees, which can include:

    • International Wi-Fi connectivity. While domestic Wi-Fi is often included in the hourly rate, international internet once you leave the contiguous United States, is not.
    • Not including taxes in the quote. Federal Excise Tax is 7.5% of total charges.
    • De-icing and hangar fees during winter months. In regions that experience snow and below freezing temperatures, it is important to be informed about these required services before your flight.

    If the aircraft you contract suddenly becomes unavailable due to maintenance or another issue, Clay Lacy Aviation provides a replacement aircraft at no cost. While that might seem like a no-brainer, not all companies do this. This is also a benefit you will not find when working through third-party agents or brokers who do not have access to backup aircraft and resources like we do.

    Concerning crews and overnights, we always run the most optimal option for our charter clients. That means it might be more cost effective for us to fly the aircraft and crew home, rather than having them remain with you for an extended period of time. We run the scenarios and provide you options, so you can make an informed decision based on what is most important to you.

    Simply put, Clay Lacy Aviation’s diverse charter fleet, access to thousands of aircraft worldwide and more than 50 years experience allow us to provide the best jet solution for your next trip.

    This article was originally published by Clay Lacy Aviation on February 18, 2021.

  • NAFA Administrator posted an article
    All the Benefits of Jet Ownership, None of the Hassles see more

    NAFA member, Clay Lacy Aviation, shares tips for hassle-free jet ownership.

    It has been one year since the World Health Organization’s declared COVID-19 a pandemic and life as we know it changed. Private aviation has been among the industries profoundly affected. As people have sought ways to travel safely and securely, the benefits of noncommercial air transportation have become ever clearer. The world’s most experienced private-jet operator, Clay Lacy Aviation, reports a 46% uptick in inquiries over the past 12 months from people who have never owned a jet.

    “The need to travel has not changed, but options have narrowed,” says Brian Kirkdoffer, CEO, Clay Lacy Aviation. “Private aircraft have always been a means to save time and solve problems – for example, how to get your team or family from Point A to Point B ­and perhaps on to Points C and D, even within the same day. The people reaching out to us are looking for air travel that minimizes risk and maximizes efficiency. And that’s what we offer.”

    CHOOSING THE RIGHT MANAGEMENT PARTNER

    It stands to reason that Clay Lacy Aviation would be the provider called. It helped create the very concept of private jet travel, forever transforming people’s view of time and place. Its founding in 1968 made it the first jet charter and executive jet management company west of the Mississippi river. Proximity to Hollywood led to such high-profile customers as Frank Sinatra and Johnny Carson, whose fame helped popularize the nascent industry.

    Fast forward to today, Clay Lacy Aviation has strategically grown its presence well beyond its state-of-the-art headquarters in Los Angeles to include an ever-growing East Coast footprint that now includes an FAA approved repair station and hangar complex in Connecticut, offices in New York City, to multiple aircraft throughout the Southeast. Now with a presence in more than thirty cities across the U.S., the company’s services range from private aircraft management and jet charter to fixed-base operations (FBO) and maintenance services.

    The complexities of aircraft operations and management position Clay Lacy Aviation as the management provider of choice for individuals and corporations alike. Its proven track record, stability over 53-years, unrivaled expertise and data analytics offer peace of mind to even the most exacting customers ­– and to those new to all that aircraft ownership entails. Clay Lacy Aviation’s knowledgeable team functions as a personal, 24-7 flight department with experts in each aspect of the operation.

    REDUCING EXPENSES, GENERATING REVENUE

    Clay Lacy Aviation’s Part 91 support services help reduce the cost of aircraft ownership while relieving owners of the hassles and headaches of managing aircraft themselves. Options are many. Operational control, for example, can be turned over to Clay Lacy Aviation or owners can maintain that control with Clay Lacy Aviation working alongside to seamlessly optimize everything from FAA regulatory compliance and financial oversight to flight crew management and flight scheduling and dispatching. If aircraft owners want to offset fixed operating costs by chartering their aircraft when not in use, Clay Lacy Aviation can deftly manage the process, working under Federal Aviation Regulations (FARs) for Part 135 aircraft to deliver consistent charter revenue to offset expenses by up to 80%.

    “Our role is based in advocacy on behalf of the customer,” says Joe Barber, Clay Lacy Aviation SVP Commercial Operations. “As aircraft manager, we serve as trusted stewards whose every action can withstand the closest scrutiny. We earned our reputation for honest, fair dealings over more than five decades of serving our clients.”

    Clay Lacy Aviation’s size and clout result in a wide range of owner benefits, including lower operating costs and higher dispatch reliability. Its voluntary carbon-offset program gives sustainability-minded owners the ability to offset aircraft CO2 emissions for mere pennies per gallon of purchased fuel. Its support for Gold Standard-certified projects has helped create more than $20.5 billion in shared value for climate action and sustainable development.

    CREWS THAT ENSURE YOU FLY WITH CONFIDENCE

    Flight crews – pilots, attendants and technicians – are among the most obvious advantages of using a third-party manager. Recruiting, hiring, retaining and training top-notch crew are paramount. Clay Lacy Aviation has the distinction of having flown for six U.S. Presidents and the British Prime minister, so it understands safety, security and service at the highest level. Clay Lacy Aviation leverages its extensive referral network, built up over many years. Its proven process for attracting, vetting and hiring quality crew members is both rigorous and effective.

    “We conclude the interview process with the aircraft owner,” says Barber. “Pilots in command and owners need to have rapport. We’re not only looking for the best skills in the cockpit, but for well-rounded, confident communicators. Pilots must engender trust in their passengers. For instance, it’s not always easy to tell the CEO of a Fortune 500 company, a big-name athlete or major star that flight plans need to be adjusted to accommodate bad weather. Yet it’s essential those conversations take place and that safety-first decisions result. Our pilots understand they are empowered and bear 100% responsibility for go or no-go decisions.”

    The company’s recruitment methodology, proprietary compensation and quality-of-life data analysis led to the highest probability of crew retainment. Regular flight training includes full-motion flight simulators, onboard emergency and extended overwater training. ARGUS has awarded Clay Lacy Aviation its Platinum rating, its highest honor. Factory-trained maintenance technicians perform a wide range of services from light-line maintenance and heavy airframe inspections to avionics and cabin entertainment upgrades and repairs. An in-house parts inventory valued at more than $3.4 million stands at the ready for maintenance, repair and overhaul (MRO) services and aircraft-on-the-ground (AOG) mobile support teams.

    Cabin attendants set the tone for the flight experience. Do they customize the onboard experience based on the time of day, purpose of the flight, and passenger preferences? Are they highly experienced and resourceful? Do they undergo additional training on food preparation and etiquette? At Clay Lacy Aviation those questions get answered with an emphatic yes. Privacy, hard to maintain in a world where every phone is also a camera and conduit to social media, is strictly maintained.

    “All Clay Lacy Aviation crew members remain tight-lipped to the outside world about the identities of their passengers,” says Kirkdoffer. “We’re here to provide the highest level of safety, service and value coupled with the absolute best experience possible.”

    This article was originally published by AINonline in April 2021.