2019 became a buyer’s market as 55 of the 404 Hawker 800XPs in operation worldwide were already available for sale (representing 14% of the entire fleet), making this a challenging market for sell a Hawker 800XP or other similar used private jet.

Consulting brokers such as The Private Jet Company have been in constant contact with buyers and sellers for years to answer any questions or concerns related to the private aviation industry, aircraft price trends, private jet ownership and future interests and, as a result, become trusted advisors. for any matter of private aviation.

Early in the inspection process, our expert inspectors discovered that after placing the aircraft with its new operator, the owner abandoned the top-tier APU and engine maintenance service plans that had been transmitted with the aircraft at the time of purchase. . We informed the owner that the lack of the APU and engine programs was a significant reduction in the value of the aircraft.

The estate agreed with our recommendation and decided to re-enroll the aircraft in the top-tier APU and engine maintenance service program.

Although the owner only flew 100 hours in the two years since the engines and APU were deregistered from the maintenance service plan programs, the engine manufacturer, Honeywell, required a full registration inspection and performance evaluation. of engines prior to acceptance into a new APU maintenance program.

At the recommendation of The Private Jet Company, the estate contracted with Dallas Airmotive to perform the re-registration inspection of the engine, as they performed the 2011 mid-life inspections for these engines. Upon reinspection, the engines were found to be in excellent condition and Honeywell agreed to re-register the engines. Based on our direct negotiation with Honeywell on the initial re-enrollment purchase amount, we were able to secure a substantial owner discount.

With the 20-year inspection complete and the engines and APUs now re-enrolled in the top-tier programs, we reached out to potential buyers who inquired about the aircraft. A buyer offered the best terms and after some negotiations on behalf of the estate, a purchase agreement was executed. The new owner was a King Air operator in the Midwest who purchased the company’s first aircraft.

The buyer has agreed to accept the recent 20 year G inspection as their pre-purchase inspection and a smooth transaction has been concluded with delivery of a newly inspected, fully program enrolled, highly upgraded Hawker 800XP. Both the buyer and the seller were completely satisfied with the transaction and its outcome.