yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

What does it take to broker corporate jet deals?


less than 1m read
·Nov 3, 2024

One thing, when we're selling an airplane, people always need to know what's the history of the airplane. How do we know that the maintenance is correct, the pedigree is correct, how it's been maintained, or where it's lived—location, or in a hangar?

We actually do a lot of that groundwork before we present an airplane for a client. When they decide to buy that airplane, we get further into the details. But the fact of the matter is, once an aircraft gets put into a purchase agreement, the airplane goes into what they call a pre-purchase inspection.

That inspection rips the airplane apart from top to bottom and analyzes everything in the airplane to see that everything is airworthy. They look around for corrosion; they take the log. They go from day one, the birth of the airplane, to the current day, making sure every single detail is documented, and every part that's been changed is in there.

It's really a detailed inspection. It's actually quite expensive; depending on the airplane, it could be between $30,000 and $150,000. That's how we're sure when the airplane is ready to be delivered to the client.

More Articles

View All
The Real-Life MacGyver in Nat Geo’s Basement | Podcast | Overheard at National Geographic
I want you to imagine a photograph. Okay, we’re way up north in the Canadian Arctic at a place called Ellsmere Island. This is a land where packs of white Arctic wolves prey on oxen. Okay, picture big shaggy buffalo with thick curling horns. All right, ou…
NOAA and the 1871 Lost Whaling Fleet | Drain the Oceans
I had known about this story for decades. The disaster of 1871 was one of the things that basically ended Yankee whaling in the early 20th century because it was such a devastating loss. What was still there, if anything, was still there, was a question t…
The Only Dog Still Alive From The 90s
A lot of us remember the 99s, but only one dog does. Spike is the oldest known dog still alive today, who was born in the 1990s. But not everyone believes him. Last year, Guinness World Records recognized his significance, but then just a few months ago, …
What Exactly is the Present?
At the 1939 world’s fair in New York, the exciting new tech was the live television broadcast. Roosevelt became the first president to address the nation live on TV. But for years leading up to this event, engineers have been working on one particular tec…
15 Ways to Create GENERATIONAL WEALTH
You know, by the time 65 rolls around, only one in 100 people will be well off financially. 70% of wealthy families lose their wealth by the second generation; more so, around 90% of families lose all wealth by the third generation. So, even if you do mak…
How Much Equity to Give Your Cofounder - Michael Seibel
How much equity to give your co-founders? This is a problem and a question that a lot of people have written about, and you can see a lot of varied advice online. My perspective is that most founders are missing a couple key points when divvying up their …