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The Journal
Acquisitions7 min read

The Art of the Aircraft Acquisition

Sophia Harrington · Aviation Acquisitions Editor
January 2025
7 min read

From first conversation to delivery: what the most experienced buyers do differently when navigating the private jet acquisition process.

A private jet acquisition is not a transaction in the ordinary sense. It is a capital decision that will shape how its owner experiences time for the next decade, and it carries technical, operational, and financial dimensions that reward expertise at every stage. The principals who navigate it most effectively share a common trait: they begin earlier than they think necessary.

The market for pre-owned business jets has tightened considerably since 2020. Inventory at the upper end of the market — ultra-long range and flagship heavy jets — is scarce, and the window between a viable aircraft surfacing and a purchase agreement being signed can be measured in days. Buyers who have not done their preparation work before an aircraft appears are routinely outmanoeuvred by those who have.

Preparation means three things. First, clarity about the mission: the city pairs you fly most frequently, the cabin configuration that suits your household or travelling group, your tolerance for positioning costs versus direct-route capability. Second, a pre-qualification of your financial structure — whether acquisition is outright, financed, or structured through a management company — so that when a letter of intent is required, it can be issued the same day. Third, relationships with the operators, brokers, and technical evaluators who will form your team when an aircraft is identified.

The buyers who negotiate the best transactions are not the most aggressive — they are the most informed. Knowledge of the market creates leverage that no amount of pressure can manufacture.

The pre-purchase inspection is where the real due diligence lives, and it is routinely underestimated by first-time buyers. A thorough inspection on a large cabin aircraft typically runs three to five days and will cost between thirty and eighty thousand dollars depending on the type and the inspector's scope. That fee is irrelevant relative to the risk it mitigates. Maintenance records tell the headline story; the physical inspection reveals the chapters that did not make it into the logbook.

Pricing in the pre-owned market is asymmetric. Sellers generally know their aircraft better than buyers know the market, which creates a structural information advantage. Closing that gap requires either deep personal experience or an advisor whose interests are genuinely aligned with yours — not with the seller, the financier, or the management company. The commission structures in this industry are complex; understanding them is not optional.

Once acquired, the first ninety days of ownership set the tone for the aircraft's operational life. Choosing a management company, establishing your preferred crew pairing, and aligning your scheduling preferences with the realities of maintenance windows are decisions that compound over time. The principals who approach this period with the same rigour they brought to the acquisition itself tend to find that their aircraft works harder, costs less to operate, and remains a pleasure rather than becoming a burden.

SH

Sophia Harrington

Aviation Acquisitions Editor

Sophia Harrington advises ultra-high-net-worth clients on private aviation acquisitions and has evaluated over two hundred aircraft across four continents.