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  • NAFA Administrator posted an article
    Embry-Riddle Launches the Latest Evolution in Business Education see more

    Building on nearly 100 years of education innovation, NAFA member Embry-Riddle Aeronautical University has rolled out revolutionary redesigned curriculums for three of its key business graduate degree programs.Using this unique modular approach, students can now design an educational journey tailored to their interests and career goals.

    Launched in 2021 through the Worldwide Campus College of Business, the enhanced MBA in AviationM.S. in Engineering Management and M.S. in Management programs each include a high-reliability organizations (HRO) theme, a degree-specific core and the opportunity to earn industry-specific certificates.

    “The HRO theme in our program is really unique and distinct,” said Dr. Maneesh Sharma, dean of the Worldwide College of Business. “In today's world, every organization can benefit from a better understanding of systemic risk and how it can impact an organization moving forward. Most schools in this country and elsewhere don’t have a unifying theme across their graduate degrees.”

    These groundbreaking new programs aim to meet the critical need for professionals capable of managing in technical environments that demand precision, redundancy and have little margin for error.

    Read full article here

    This article was originally published by AIN in April 2022.

  • NAFA Administrator posted an article
    Historic Flight Foundation Joins National Aircraft Finance Association see more


    FOR IMMEDIATE RELEASE:  June 20, 2022                                   

    Contact: Tracey Cheek 



    Historic Flight Foundation Joins National Aircraft Finance Association 

    Edgewater, MD – National Aircraft Finance Association (NAFA) is pleased to announce that Historic Flight Foundation has recently joined its network of aviation professionals. Historic Flight Foundation (HCC) is a museum showcasing rare aircraft produced between 1927 and 1957, restored to flying condition. 

    “NAFA values the educational element of aviation that Historic Flight Foundation provides to the overall population and especially to the education community. We welcome HFC to our association and its engaging format for learning principles of science, technology and math,” said Jim Blessing, president of NAFA. “Projects that spark imagination and an interest in aviation are what inspire the next generation of flight enthusiasts and pilots.” 

    Products & Services: 

    • Museum exhibits 

    • Educational programs 

    • STEM emphasis 

    • Facility rentals

     About Historic Flight Foundation: 

    Historic Flight Foundation is a museum featuring a collection of the most important aircraft produced between 1927 and 1957, restored to flying condition. The mission is to provide an understanding of how aviation has played a key role in shaping history and the future. Every exhibit profiles both the aircraft and its unique story. 

    Located in Spokane, Washington, HCC partners with educators to bring aviation-based STEM (science, technology, engineering and math) topics to the classroom with modules that fulfill state learning standards, focusing on middle and high school students. 

    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
    NAFA Establishes Foundation to Support Scholarship Program see more

    FOR IMMEDIATE RELEASE: June 15, 2022            

    Contact: Tracey Cheek  



    NAFA Establishes Foundation to Support Scholarship Program 


    In 2007, the National Aircraft Finance Association (NAFA) recognized that students often had difficulty meeting the high cost of the education required to enter the Business Aviation industry. Accordingly, to help support the education of future Business Aviation leaders, NAFA has provided over $200,000 in scholarships to students pursuing a career within the Business Aviation finance, legal and insurance community, through the NAFA Scholarship program.  

    With overwhelming support from the NAFA membership, the Association has now established a foundation to support the Scholarship Program, fittingly named the NAFA Foundation. The Foundation also allows entities to make tax-deductible contributions enabling the Association to expand its financial assistance efforts.   

    “The NAFA Foundation was established to expand the Association’s commitment to helping educate the next generation of business aviation professionals,” said Jim Blessing, president of NAFA. “Since 2007, NAFA has provided over $200,000 in scholarships to exceptional students pursuing a career within the business aircraft finance, legal and insurance community. The NAFA Foundation now offers entities the opportunity to make tax-deductible contributions that will enable NAFA to expand its scholarship program to include education of employed, aspiring professionals, as well as appropriate philanthropic causes.” 

    The NAFA Foundation hosted its first-ever Charity Golf Tournament at NAFA's 50th Annual Conference to kick off fundraising efforts. The fundraising effort was a huge success, with over 60 participants and nearly 20 sponsoring companies. The NAFA Foundation represents the Association’s ongoing work to bridge the financial gap encountered by talented individuals seeking the education they will need to become Business Aviation’s future leaders.   

    About NAFA: The National Aircraft Finance Association (NAFA) is a non-profit corporation dedicated to promoting the general welfare of individuals and organizations by providing aircraft financing and loans secured by aircraft; improving the industry’s service to the public; and providing our members with a forum for education and the sharing of information and knowledge to encourage the financing, leasing and insuring of general aviation aircraft. For more information about NAFA, visit the website at  

  • NAFA Administrator posted an article
    Preowned Business Jet Market Continues Feverish Pace see more

    The preowned business aircraft market remains hot, with 288 transactions completed in the first quarter of 2022, according to a report from NAFA member International Aircraft Dealers Association (IADA). That's a 35 percent increase from the first quarter of last year when 213 transactions were completed, the association said.

    “We live in tumultuous times," said IADA executive director Wayne Starling. "Despite that, the aviation field continues to show extraordinary strength. Global demand is very high.”

    IADA members reported that acquisition agreements nearly doubled to 223 in the first quarter, up from 121 a year earlier. Prices dropped in only six cases, compared with 27 a year earlier. IADA reported that 45 deals fell apart in the quarter. Although that number was up from 41 in the first quarter of 2021, it was against the backdrop of an increase in the number of agreements.

    The association’s members were retained exclusively to sell 155 aircraft in the quarter, down slightly from 157 a year earlier.

    This article was originally published by Business Jet Traveler in April 2022.

  • NAFA Administrator posted an article
    Pete Bunce: A Promising Future for General Aviation see more

    The General and Business Aviation industry has endured a great deal since the outset of the Covid-19 pandemic. We have faced numerous challenges and our resiliency has been tested, but the leading aircraft manufacturers actively managed their way through the past two years with a focus on the safety of employees, the growth of businesses and relations with customers. NAFA member, Pete Bunce, President and CEO of the General Aviation Manufacturers Association, discusses.

    As we begin to come out of the pandemic, we are seeing that the Business Aviation industry is alive with new developments and a keen eye on the future.

    The General Aviation Manufacturers Association’s 2021 General Aviation Aircraft Shipments and Billings Report, released in late February, showed that our industry is healthy and growing. The strength and tenacity of the General Aviation industry has provided a strong foundation for us to rebound from pandemic-related setbacks with a powerful showing in 2021.

    Overall, when compared to 2020, all aircraft segments (piston airplanes, turboprops, business jets, piston helicopters and turbine helicopters) saw increases in shipments and preliminary aircraft deliveries were valued at $25.2bn, an increase of 10.2%.

    Currently, total aircraft shipments are converging on figures that were seen before the outset of the pandemic.

    Read full article here

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

  • NAFA Administrator posted an article
    Under Pressure see more

    NAFA member JETNET and Rollie Vincent, JETNET iQ Creator/Director share their recent issue of JETNET iQ Pulse.

    British rockers Queen and David Bowie released their epic classic Under Pressure just over 40 years ago. Looking around our industry, pressures abound that challenge our ability to perform, from aircraft appraiser to A&P mechanic to broker, financier, and contracts lawyer all anxiously striving to close on an attractive deal for an eagerly awaiting buyer. This pressure was already building before Russia began a new war. Reverberations of the brutal conflict are being felt in all corners of the world, stressing supply chains and seizing private aircraft owned by Russia’s elite. As Freddie Mercury and David Bowie would sing: “This is ourselves under pressure.”

    Read JETNET iQ Pulse article here

    This article was originally published by JETNET in JETNET iQ Pulse Issue 40 on April 7, 2022.

  • NAFA Administrator posted an article
    Sanctions and security: Due diligence matters now more than ever see more

    What do the Russian sanctions mean to aviation lenders in the U.S.? 

    Are you considering an international aviation transaction? Given the recent Russian sanctions that the U.S. has implemented, there are significant concerns of which everyone needs to be aware. With sanctioned individuals, entities and countries changing rapidly, it is difficult to keep up with the latest developments. Overall, the situation creates an environment that makes it more challenging to lend in emerging markets, especially Eastern Europe. People often forget that sanctions apply to individuals, entities, vessels and aircraft. Even if an aircraft may be owned by a non-sanctioned individual, if it is sanctioned itself, no lender may lend against it.    

    How do you manage loans that involve—tangentially or directly—people who are under sanction by the U.S. government? While doing business with sanctioned individuals violates U.S., U.K. and E.U. laws, it also presents the potential for negative impacts on their reputation. 

    When it comes to financing aircraft sales, being under Russian sanctions is the equivalent of having your name on a no-fly list. Doing business with someone who wasn’t on the sanctions list earlier, but suddenly is, creates a challenge for lenders. Experts recommend calling an event of default on the loan and once the right to cure period is over, making every effort to retrieve the aircraft involved, which presents its own challenges in the current environment. Most loan contracts have a default clause for sanctions violations, providing ample recourse for terminating the transaction, but not necessarily a path to obtaining possession of the aircraft. 

    Read full article here

    NAFA thanks Ford von Weise (Citi Private Bank) and JC Ferrer (Holland & Knight, LLP, Miami FL) for contributing to this article. 

    This NAFA article was originally published in Business Air, Issue 5 2022, p. 38 in May 2022.



  • NAFA Administrator posted an article
    Lessons in Strategic Growth see more

    NAFA member, Peter Antonenko, Chief Operating Officer of Jetcraft, discusses strategic growth in business aviation. 

    This year marks Jetcraft’s 60th anniversary, a significant milestone that we’re extremely proud to have achieved. A huge part of Jetcraft’s success to date has been our grit and determination. The journey to 2022 has not been a straightforward one, but we have emerged from the pandemic stronger than ever before and marked a record-breaking year for pre-owned aircraft transactions across the industry.

    As we reflect on our 60-years’ experience, there are several ways in which we believe a business can build strategically and develop a global presence:

    Firstly, ensuring you select the right people is critical, you need to have confidence in your team and trust their abilities. Success in this industry isn’t just about having excellent salespeople but having outstanding individuals who support the organization as a whole. At Jetcraft, our experienced financial, legal, branding and marketing teams are vital to guaranteeing seamless transactions for the benefit of our clients.

    Read full article here.

    This article was originally published by Jetcraft on March 24, 2022.

  • NAFA Administrator posted an article
    Satellite Comms Market: What’s the Latest? see more

    Satellite communications is a fast-evolving sector within Business Aviation. AvBuyer's Matt Harris caught up with NAFA member, Chris Moore, President of Satcom Direct, to discuss the latest developments and ask him about his predictions for the market.

    Celebrating its 25th anniversary this year, Satcom Direct is founded on an understanding of ‘the value of time, and the importance of maximizing it’. In accordance with that founding principle, the company has developed a range of cutting-edge technologies that enable connection, wherever a business aircraft is located. 

    Today, it provides communications solutions aboard more than 7,000 aircraft. 

    Harnessing a powerful combination of tools, Satcom Direct is industry-renowned for its consistent, reliable connectivity across the globe. A portfolio of proprietary software, hardware, terrestrial infrastructure, cybersecurity solutions, and award-winning customer services enable the company to offer tailored data services for each individual business aircraft customer’s mission. 

    In addition, the company delivers educational resources that range from simple entry-into-service workshops, right up to certified qualifications for aviation IT professionals and cabin crew. 

    According to Chris Moore, President of Satcom Direct, “The aim is to enhance the passenger experience, improve operational efficiencies, and give back precious time by providing connectivity solutions beyond all expectations.” 

    Read full article here.

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

  • NAFA Administrator posted an article
    2022 Second Quarter Business Jet Model/Market Summary see more

    NAFA member, Duncan Aviation releases their latest Business Jet Model/Market Summary. 

    When acquiring or upgrading a business aircraft, selecting the right make/model is one of your most important decisions. Duncan Aviation’s Aircraft Sales and Acquisitions team can help you narrow your selection with the use of a comprehensive and up-to-date Model/Market Summary.

    The Model/Market Summary is sorted by the seats-full range for aircraft built in the last decade. It displays items including:

    • Years Produced
    • VREF Price Range
    • Variable Cost / Hour
    • Normal Cruise Speed
    • Total Baggage Volume / Cabin Volume / Length / Height
    • Cabin Seats
    • Expected Avionics
    • NBAA IFR Range-Seats Full
    • NBAA IFR Range Ferry
    • Payload with Fuel Full
    • Average Fuel Burn

    Download the Business Jet Model/Market Summary now

    This summary was originally published by Duncan Aviation in May 2022. 

  • NAFA Administrator posted an article
    An Expert Reflects on Private Aviation's Evolution see more

    Aviation International News is celebrating its 50 year anniversary in 2022.  As part of the festivities, AIN asked some key industry players to reflect on their time in the business aviation industry.  In March’s video below, NAFA member and NBAA's President and CEO Ed Bolen reflects on how the industry has evolved, and his first NBAA show.



    This video was originally published by Aviation International News on March 7, 2022.


  • NAFA Administrator posted an article
    Global Jet Capital Releases Annual Business Jet Market Forecast see more

    Media Contact:

    Aimee Talbert Nardini, Global Jet Capital

    561.212.1594 [mobile]





    Global Jet Capital Releases Annual Business Jet Market Forecast

    Five-Year Worldwide Outlook for Growth Continues

    Forecast Projects $186.8 Billion in Total Transaction Volume Over the Next 5 Years

    Danbury, CT – May 22, 2022 – Global Jet Capital, a global leader in financial solutions for business aircraft, released its five-year Business Jet Market Forecast today reporting continued growth for the period. First introduced in 2021, the updated report contains insights and projections for the business aviation market through 2026, including new deliveries and pre-owned transactions. The report contains a high level of detail based on outputs generated by Global Jet Capital’s proprietary transaction forecast model.

    “If you are active in the business aviation environment, you recognize that despite the continuing negative effect of COVID-19 on world health and various business sectors, its effect on business aviation has been altogether different. The pandemic more broadly socialized a value proposition those of us in the business aviation industry have always understood. It’s the unique value proposition of business aviation, supported by a mature industry demonstrating balanced supply and demand dynamics, that will support sustainable growth for the foreseeable future.” Andrew Farrant, Chief Marketing Officer, stated.

    Based on its model, Global Jet Capital projects $186.8 billion in total transaction volume of new and pre-owned transactions between 2022 and 2026, with a compound annual growth rate of 5.1 percent during that time.

    The report also forecasts heavy and medium jet demand should increase at faster rates than other size categories. North America will remain the largest business jet market over the next five years with Europe being second largest market. Additionally, Latin America will be an important pre-owned market.

    Global Jet Capital believes that the projections contained within the forecast will be a useful tool for individuals and organizations as they navigate the years to come. To download the Market Forecast, visit:

    About Global Jet Capital

    With more than $5 billion invested in business aviation and a unique ABS program that has attracted over $3.5 billion into the sector, Global Jet Capital provides financing solutions for the business aircraft market. The Company is capitalized by world-class private investors with expertise in the global aviation industry: Carlyle, FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit, and AE Industrial Partners. The Global Jet Capital management team has served the business aircraft industry for a combined 250-plus years and has completed over 3,500 aircraft transactions. The Company has the expertise, financial strength, industry relationships and infrastructure necessary to offer a variety of flexible financing solutions at the speed the market requires. Visit to learn more.

    This release was originally published by Global Jet Capital on May 22, 2022.

  • NAFA Administrator posted an article
    Takeaways from the US private jet boom see more

    NAFA member, Dan Kilkeary, SVP Sales Americas, Jetcraft, discusses the US private jet boom.

    In the United States, Jetcraft has seen a tremendous uptick in demand for aircraft ownership driven by health considerations of the Covid-19 pandemic and a rise in global wealth in the financial markets. This trend is reinforced by record levels of capital raising and Initial Public Offering (IPO) activity, and buoyed by supportive public market valuations. Here are our key takeaways from the private jet boom.

    Business is coming back

    Business aviation users are demonstrating a pent-up desire to travel to locations that are currently being under-served by airlines. The pandemic has led to a reduction in flight routes and several US carriers have seen mass flight cancelations caused by staff shortages. Private flying in comparison regained momentum much quicker and purchasing a private jet is enabling owners to mitigate the limitations of commercial travel, reaching their destinations faster and via a more direct route.

    New buyers are being attracted to private aviation to control their environment and reduce their touchpoints and exposure to the virus. We’re seeing global business return, with executives expressing a strong desire to fly internationally for face-to-face meetings with clients to reconnect and reaffirm business relationships. This trend has been particularly strong in North America, demonstrating an eagerness to return to normality, facilitated by private aviation.

    This article was originally published in Jetcraft's Jetstream Industry Insights on February 11, 2022.

  • NAFA Administrator posted an article
    AINsight: Will Sanctions on Russia Upend Bizjet Sales? see more

    NAFA member, David G. Mayer, Partner at Shackelford, Bowen, McKinley & Norton, LLP discusses Russia, sanctions, and business aviation.

    The Russian invasion of Ukraine has drawn condemnation and severe sanctions from governments globally, including the U.S.UKEuropean UnionCanada, and even neutral Switzerland. Many businesses worldwide have pulled back from doing business with, or suspended selling goods and services in, Russia. The sanctions as a whole will almost certainly have serious and perhaps economically devastating consequences for Russia, including in its business aviation segment.

    According to WingX, of the 3,860 private jet flights by Russian aircraft this year as of February 21, large-cabin, ultra-long-range, and VIP airliner business jets represented 43 percent of flight operations in the country. As global flight operations continue to rise, strong demand to purchase such jets persists amid the ultra-low inventory of preowned jets available for sale.

    Will any of the hundreds of Russian-owned or controlled jets be sellable and sold while sanctions are in effect? For now, it appears so, but the parties may have to traverse a minefield of sanctions and other transaction obstacles to close such purchases.

    This article was originally published by AINsight on March 11, 2022.

  • NAFA Administrator posted an article
    Used Aircraft Maintenance & Marketability Analysis – April 2022 see more

    After 21 consecutive monthly decreases, business aircraft inventory increased during April while Ask Prices were nearly one-third higher compared to December. Which models were affected the most? NAFA member and President/CEO of Asset Insight, LLC, Tony Kioussis explores…

    Listings for Asset Insight’s tracked 134-model fleet are still down nearly 18% Year-to-Date (YTD), but the 726 listed aircraft at the end of April represented a 4.0% rise – a monthly increase of 28 units. Total inventory is still nearly 57% lower than the June 2020 peak, but no group posted an availability decrease in April, suggesting aircraft demand and availability may be close to, if not at, equilibrium.

    Asset Insight’s tracked fleet Quality Rating recorded a fourth consecutive monthly improvement in April, thereby setting another 12-month high figure. At 5.347 on the scale of -2.5 (low) to 10 (high), inventory assets moved deeper into the ‘Excellent’ range, signifying fewer near-term maintenance events. The figure also represents about a 1% improvement Year-over-Year (YoY).

    April’s Pre-Owned Aircraft Value Trends

    The Average Ask Price for the tracked models decreased 4.2% during April, but is still 32.9% higher YTD, and 9.4% higher YoY. Actual transaction values for young, low-time aircraft continue to be higher, but that’s to be expected, given that many of these assets are transacting without a ‘for sale’ listing.

    By category, the Ask Price changes for tracked models were as follows…

    • Large Jets: Ask Price posted an amazing 13.6% increase to establish an all-time record high average for the group. That equated to more than a 52% increase YTD and over 69% YoY.
    • Mid-Size Jets: Decreased 1.2%, but remained very close to March’s 12-month high figure. April’s value represented a 63.2% increase YTD, and more than 25% YoY.
    • Light Jets: The group’s Ask Price, was nearly 59% higher YTD, and 39.5% YoY, but decreased 3.7% from March’s 12-month high value.
    • Turboprops: Rose 1% to post a 12-month high figure, an increase of 7.6% YTD and 7.1% YoY.

    Read full report here

    This Asset Insight report was originally published by AvBuyer on May 19, 2022.