There are around 1,000 private owned warbird jets in the United States and even more throughout the rest of the world. There are more and more people looking into buying a fighter jet of their very own. While most of us will never have enough money to make this a reality, it is possible. As new models of fighter jets come out, the older ones get decommissioned, and sometimes purchased by the public. Before making such a big [...]
The general aviation market is outperforming our forecasts. Honeywell International expects to deliver nearly 8000 planes over the next decade and VREF has been completeing more appraisals then ever. The economy is booming, and net income is up for the majority of Americans. Also, the United States government reduced the corporate tax rate, and with bonus depreciation getting ready to expire in a couple of weeks, there is no better time to buy then now. This means corporations have [...]
Chances are, you've at least heard of podcasts. This fun and educational information medium are sweeping the nation. There are over 700,000 active podcasts and over 29 million episodes right now. Why are podcasts so popular? Because there is something for everyone. Did you know they even have pilot podcasts? If you're an aviation enthusiast, a pilot in training, flight student, or an industry pro, there's a podcast out there for you. There's always more to learn, and [...]
It's the end of 2019, and this is our last newsletter of the year. Snow has fallen on the upper Midwest, and both winter and the holiday season is upon us. It is a time for reflection and giving thanks, and at VREF, we want to extend a thank you to all of our loyal clients. As you all know by now, the new platform is here. It has been a complex project from the start, and it [...]
A private jet can cost anywhere from 500k an up depending on age, avionics, and condition. Unfortunately, most of us don't have that much money, nor do we have the skills to fly one ourself. However, for those who have been blessed with disposable income and a passion for aviation, private planes are quite popular. Perhaps you're among the lucky few who are already pilots, or maybe you want to live a life of excitement and see the [...]
If you're thinking about purchasing a private jet, and are fortunate enough to do so, it's essential to understand that it comes with a whole new world of responsibility. The biggest thing to consider is the expenses. A lot more goes into determining your private jet cost of ownership than just the initial price tag. So, how much does a private jet cost? Keep reading to find out. How Private Jet Cost is Determined The average cost of [...]
There are thousands of aircraft transactions each year. If you are getting ready to buy or sell one, you probably have either engaged an appraiser or been told to by your lender. There are several reasons why lenders will ask you to get an appraisal completed before the bank will commit to your loan, but more on that later. As you know, the condition of your aircraft determines its value, and sometimes it is beyond your control how [...]
Did you know that over 856 private jets were delivered in the last 12 months? The range and size of aircraft available are more abundant than ever before. Once the luxury mode of travel for a privileged few, private planes are more accessible than ever before. If you are looking to purchase a private plane, a full-size luxury private jet may not meet your needs. Fortunately, there are several light jets available that can provide a similar experience at [...]
If you're thinking of selling your luxury jet and upgrading, you have a lot of options. While some older models are worth keeping, there are plenty of newer advancements and more efficient powerplants that will give you more than enough reason to upgrade. Besides, who doesn't like a fancy new jet for the holidays? The aircraft acquisition process can be full of questions, so if you're ready to start, here are ten luxury jets to consider. 1. Gulfstream G600 [...]
If it were up to Elon Musk, everyone would be driving electric-powered vehicles. Unless you live in a remote part of the world, you probably see more and more Tesla's and alternative powered cars, but what about Aircraft? Are they also transitioning to alternative powerplants? With global warming on the rise, electric powered planes are growing in demand for sustainable air travel. Let's take a look at what we know so far about these planes and how they'll [...]