April 29, 2011

Jetcraft reports its own “finest hour” — a record third quarter

Jetcraft reports its own “finest hour” — a record third quarter (PDF format) »

October 20, 2010; Atlanta, GA — Jetcraft Corporation, Inc., the aircraft acquisitions and brokerage company, has posted a company unit sales record in Q3 2010, according to company president Chad Anderson.

“Although the conventional wisdom of the moment is that the market for re-sales is currently soft and is expected to be so for the foreseeable future, Jetcraft is hitting some key company milestones in terms of deal volume,” said Anderson. “The dollar value for these 15 transactions exceeded $300 million in Q3 alone.”

This was the company’s best quarterly showing since Q4 2005 when 14 transactions closed.

“Of note is, also in keeping with conventional wisdom that any growth will be outside of the US, 13 of these transactions involved a buyer and/or seller outside of the United States,” said Anderson, “which reflects our recent concentration on the international market segment.”

The company is on pace to exceed 40 deals in 2010, a new company record, said Anderson. Its most recent annual high was 38 transactions in 2006. Q3 transactions included one VVIP, four ultra-long range jets, five heavy jets, two super mid-size, and one midsize, among others.

Jetcraft has a 49 year track record as a global leader in executive jet aircraft acquisitions, sales, trades and brokerage — specializing in new and pre-owned jets of all makes and models. Jetcraft Avionics, a division of Jetcraft Corporation, provides distribution of Enhanced Flight Vision Systems (EFVS) for aftermarket aircraft. Corporate headquarters is in Raleigh, North Carolina. More information is available at www.jetcraft.com.