Business jets range from very light jets, mid-size jets, super mid-sized jets, large jets and long-range jets; with the price dramatically increasing across that spectrum. This article will discuss the main legal, commercial and technical ramifications involved in the purchase of a pre-owned business jet, which is the most common transaction-type for most UHNW clients.
It is essential to manage the client’s expectations. Clients used to the relative simplicity of buying a trophy asset such as a Ferrari or an expensive piece of art need to be advised of the relative complexity of acquiring a pre-owned business jet. The pro...