What’s Impacting The Current Aviation Market? see more
NAFA member, Jason Zilberbrand, President & CTO of VREF, discusses the latest impacts to the current aviation market.
By now, every consumer, including the current aviation market, is still feeling the impacts of COVID. This is appearing heavily on the supply chain side in one form or another. Some economists suggest that Americans are spending all their saved money from the lockdown. And it's all being spent on the higher costs of goods. But several issues play a role in the current "traffic jam" we are all experiencing. Whether you're in the market for a new couch, oven, or automobile, you're likely feeling it too.
The White House even went about publishing a blog on the subject. The blog does an excellent job of explaining how numerous industries rely on a daisy chain of suppliers – most of which were either idled or shut down altogether during 2020.
This article was originally published by VREF on August 23, 2021.
NBAA-BACE Vaccine Requirement Reflects Business Aviation’s Core Value of Safety see more
NAFA member, NBAA, shares it's latest press release regarding NBAA-BACE Vaccine Requirements.
Washington, DC, Aug. 31, 2021 – Consistent with its core value of safety, the National Business Aviation Association (NBAA) is announcing today that it is adopting a COVID-19 vaccine requirement for the 2021 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) designed to ensure a safe, interactive and successful event for all attendees and exhibitors.
“For decades, the aviation industry has brought people together and transported them forward safely and responsibly,” NBAA President and CEO Ed Bolen said. “We are leveraging that approach to aviation safety to guide us with regard to NBAA-BACE. We are taking guidance from health and safety experts and adopting trade show best practices. Including a vaccine requirement in the comprehensive safety protocols for the show will create the most interactive environment possible for buying, selling, networking and learning.”
This press release was originally published by http://www.nbaa.orgNBAA on August 31, 2021.
NAFA Webinar - CARES Act and Digital Signatures - Part 1 see more
NAFA presents Part 1 of the CARES Act and Digital Signatures Webinar.
This NAFA webinar originally aired on September 1, 2021.
NAFA Webinar - CARES Act and Digital Signatures - Part 2 see more
NAFA presents Part 2 of the CARES Act and Digital Signatures webinar.
This NAFA webinar originally aired on September 1, 2021.
Upcoming Financial Reporting Requirements Will Apply to LLCs see more
NAFA member, National Business Aviation Association (NBAA) shares the latest aviation industry news.
Operators of business aircraft owned in limited liability companies (LLCs) and similar entities will soon be required to comply with the Corporate Transparency Act (CTA), which mandates additional reporting to government agencies in an effort to combat domestic and international financial crimes.
For many business aircraft owners, LLCs are utilized to establish leases under which companies may share aircraft for FAA compliance and a host of other business reasons. However, in passing the CTA, Congress noted that LLCs and other ownership structures may also be used to shield illicit financial transactions.
This article was originally appeared in Business Aviation Insider July/August 2021 Issue.
Top Single-Engine Piston Aircraft & Valuation Locations To Keep An Eye On In 2021 see more
NAFA member, Jason Zilberbrand, President and CTO of VREF Aircraft Value Reference & Appraisal Services, shares the latest information you need to know regarding locations for valuations and top single-engine piston aircraft.
Following the outbreak of COVID-19, commercial air travel fell drastically. Currently, the United States is rounding a corner of the pandemic, and more people are free to fly around the country with little restriction.
However, with the temporary measures that restricted air travel in 2020, private air travel increased. Despite the lowering of commercial restrictions, more and more people have gotten a taste of flying private and don’t plan on stopping any time soon.
Read on to learn more about the top single-engine piston aircraft and the best locations for valuations in 2021, whether your search is international or domestic.
This article was originally published by VREF on June 14, 2021.
Used Aircraft Maintenance & Marketability Analysis – July 2021 see more
The last time Asset Insight’s tracked inventory fleet experienced a decrease was 13 months ago. Meanwhile, average Ask Price decreased another 0.8% in July. Which business jet and turboprop models were impacted the most? NAFA member and Asset Insight's President and CEO, Tony Kioussis explores.
Asset Insight’s July 30th, 2021 market analysis covering 134 fixed-wing models revealed another 5.5% decline in availability, with all four groups contributing. Our pool of 134 tracked models totaled 1,345 aircraft, representing a year-to-date (YTD) decrease of 29.7% (567 units), and a 42.3% year-over-year (YoY) decline.
The Quality Rating for listed assets continued to decrease, as buyers continue to demonstrate a preference for higher quality aircraft, with the Rating dropping 0.3% to post a 12-month low (worst) figure at 5.265.
July’s Quality Rating kept the fleet within the ‘Excellent’ range, on Asset Insight’s scale of -2.5 to 10, but signaled that aircraft within the inventory would require more near-term maintenance to be completed.
This report was originally published by AvBuyer on August 19, 2021.
Global Jet Capital Exclusive Infographic: Why Fortune 100 Companies Are Flying Private see more
NAFA member Global Jet Capital shares their exclusive business aircraft infographic.
Business aircraft are an invaluable tool for the top global businesses. Public records indicate that at least 95% of the Fortune 100 top businesses utilize business aviation.
There are at least 323 aircraft registered publicly to the Fortune 100 companies, with the median company owning 3 aircraft.
Financing plays a major role in companies’ aircraft ownership – more than one-in-five aircraft have a lease or loan attached to it.
This article was originally published by Global Jet Capital on July 27, 2021.
Jason Zilberbrand, VREF, discusses the aviation supply chain's impact on the aviation industry. see more
NAFA member, Jason Zilberbrand, President and CTO of VREF, discusses the aviation supply chain and it's impact on the aviation industry.
If you’re having trouble purchasing an aircraft or getting your aircraft in for regular maintenance, know you’re not alone. There are several factors that are affecting the aviation industry at the moment. However, there is a large emphasis on aviation supply chain challenges causing some trouble for aircraft owners everywhere.
In other words, if you haven’t stocked up on parts for your aircraft now, you could be waiting for a while to get the maintenance you need. Unfortunately, there is no flawless solution to this problem. But you can take some steps to help your future self.
Read on for some of the most disruptive supply chain challenges. Also, see what you can do to avoid potential problems.
This article was originally published by VREF on July 7, 2021.
NAFA member, David Dixon with Jetcraft Asia, discusses ownership trends in the Asia Market. see more
NAFA member, David Dixon with Jetcraft Asia, discusses ownership trends in the Asia Market.
There has been much talk about the changing face of the first-time business aviation users, post-Covid-19, with clear evidence of mounting demand for private aircraft at all levels, whether via charter, card membership, fractional or outright aircraft ownership.
This had led to significant industry growth in the USA and Australia, where, due to the vast landscape, a four- or five-hour flight remains within the same domestic borders. The experience in Asia Pacific (APAC), and its key commercial locations of Hong Kong and Singapore, is different. Take off from Hong Kong and in five minutes you cross into China and Taiwan. Depart Singapore and 60 seconds later you can be in Malaysia or Indonesia. However, with many Covid-19 lockdown and quarantine requirements still in place throughout the region, such cross-border travel is difficult.
This article was originally published by Jetcraft on July 2, 2021.
NAFA member, Clay Lacy Aviation, discusses carbon offsets and the aviation industry. see more
NAFA member, Clay Lacy Aviation, discusses carbon offsets and the aviation industry.
Available today, carbon offsets are a starting point to make a positive impact on our environment.
The aviation industry is tirelessly innovating to develop more fuel-efficient engines and alternate energy sources like hydrogen and electric propulsion. And develop more sustainable fuels from feedstock and refuse that would otherwise go to landfills. While these technologies are the future, what about today? Carbon offsets are available right now. They are a simple, easy, and direct way for jet owners and passengers to offset their carbon emissions by supporting sustainable projects around the world—such as expanding solar and wind energy farms, methane gas capture and reforestation.
This article was originally published by Clay Lacy Aviation on June 21, 2021.
NAFA member, Jared Maynard, Sr. Program Manager with Satcom Direct, discusses aircraft connectivity. see more
NAFA member, Jared Maynard, Senior Program Manager, Gulfstream & Pre-owned Aircraft Programs, at Satcom Direct, covers the subject of Aircraft Connectivity. Topics covered include:
- An explanation of Aircraft Connectivity for the first-time aircraft buyer.
- Suggestions regarding connectivity upgrades for seasoned aircraft operators.
- The connectivity possible based on aircraft size.
- What the future holds relative to new connectivity systems and networks in development.
- What connectivity might make sense relative to smaller and/or older aircraft.
- Changes as a result of the COVID-19 pandemic likely to be long-lasting.
This podcast was originally published by Asset Insight on May 3, 2021.
LEAS' Joseph Carfagna, Jr. discusses the aviation market with Tim Kern of Business Air. see more
NAFA member Joseph Carfagna, Jr., President of Leading Edge Aviation Solutions (LEAS), discusses the aviation market with Tim Kern of Business Air.
Joe Carfagna Jr., President of Leading Edge Aviation Solutions (LEAS) that was founded by his father, says, “After over 50 years in the industry, we thought we had seen it all. Apparently, not so.”
2020 was, by all counts, an unusual – no, make that, “unique” – year, a year no one could have predicted. Instant changes in protocols, policy implementation and reversals… not just within the USA, but worldwide. Everything seemed to change overnight, and then change again in a week or a month. Only by being quick on its feet and understanding its clients, products, industry, and financing could anyone stay on top of things. A startup would be over before it got out of the gate. Only a strong network and a grip on the fundamentals and the people involved could offer a chance at survival, or a shot at expanding market share. All quotes are from Joe Carfagna Jr.
“We had an extremely busy end to 2020, and I’d say around the beginning of November, the market started to heat up again, and corporate airplanes are building an ‘asset bubble,’ like we’re seeing in real estate. So, sellers are seeing good times.”
This article was originally published by Business Air.
COVID Vaccines In Aviation: What Pilots And Employers Need to Know see more
NAFA member Greg Reigel, Partner at Shackelford, Bowen, McKinley & Norton, LLP, discusses COVID vaccines in aviation.
With the ever-changing landscape of COVID’s impact on the world and the now readily available vaccinations for the virus, many pilots (and their employers) have questions. I thought I would take a moment to address a couple of the questions I have received.
What Is The FAA’s Position On Vaccines?
The FAA does not have a position on whether an airman should or should not be vaccinated. However, the FAA does take a position on what happens if an airman is vaccinated. Specifically, it is concerned about the potential side effects an airman could suffer after receiving a vaccination. As a result, the FAA’s Federal Air Surgeon has stated that FAA medical certificate holders may not act as pilot in command, or in any other capacity as a required flightcrew member, for 48 hours after each dose a COVID vaccine.
This article was originally published by Shackelford Law on May 14, 2021.
NAFA member Aero Asset releases key findings from their latest Q2 2021 Heli Market Trends report. see more
NAFA member Aero Asset releases their latest Heli Market Trends report for Q2 2021.
HELI MARKET TRENDS Q2 2021
TRANSACTION VOLUME PROGRESSES Q2, SUPPLY SHRINKS
- Total Q1/Q2 retail sales increased 15% vs same period 2020
- Supply for sale continued decrease, 10% lower year over year
- Deal pipeline declined Q2 after 2 consecutive quarters of growth
WEIGHT CLASS PERFORMANCE
- Total Q1/Q2 Light twin engine retail sales volume increased nearly 40% vs same period 2020
- Total Q1/Q2 Medium retail sales increased 25% vs same period 2020
- Heavy retail sales slumped in the first two quarters
REGIONS & CONFIGS
- After trailing behind Europe last year, North America leads the pack in transaction volume accounting for almost half of all transactions YTD
- Total Q1/Q2 VIP sales volume rose 40% YOY, the strongest increase across all segments
- The most liquid preowned market YTD was the Leonardo AW109S/SP, closely followed by the EC/H145.
- 2 of 13 markets in the lineup saw no preowned trades YTD
DEAL PIPELINE COOL DOWN
- After 2 consecutive quarters of growth in the number of deals pending at various stages of transaction, the deal pipeline declined 35% Q2 vs. Q1
- However, the number of deals pending in the deal pipeline were up 15% YTD vs, same period 2020
Full Heli Market Trends report available at
This report was originally published by Aero Asset in July 2021.