JETS appoint Duncan Aviation to identify and acquire six aircraft for refurbishment projects

JETS Bournemouth Limited recently appointed Duncan Aviation to identify and acquire at least six “project” aircraft. The aircraft will ideally have overdue maintenance or need extensive cosmetic improvements. JETS will then bring them to a beautiful, modern and airworthy condition.

As Dan Rogers, CEO of JETS, explains, “We are in the business of fixing aircraft and with the increased demand of entry-level charter to our customers, we see a real opportunity for a competent Part 145 organisation such as JETS to give these older, unloved aircraft a full refurbishment and new lease on life.”

Rogers and Tim Barber, Duncan Aviation Aircraft Sales and Acquisitions consultant for Duncan Aviation, have worked together previously on a Hawker project in late 2021 where, on that occasion, Barber was working for the seller and JETS was able to perform swiftly to secure the aircraft. As Barber explains, “I was impressed with the speed with which Dan and his team were able to respond. In the current market, that’s absolutely paramount.”

Dan Rogers and Tim Barber have worked together previously on a Hawker project in late 2021.

In line with JETS extensive maintenance capabilities, the aircraft sought are Hawkers, early Challengers, and Phenoms, although Lears will also be considered. The aircraft that was secured late in 2021 has been retained by JETS and put into operation with Gainjet in Ireland. Going forward, the first three acquisitions will be retained and placed into charter
operations with JETS customers, but Rogers is keeping an open mind.

“As a maintenance organisation, we are acutely aware of the challenges faced by operators in managing the cost of keeping their aircraft flying, so we have come up with a unique solution. Once refurbished, these aircraft will be available to charter operators on a fully maintained basis, removing the common complaint of keeping an older aircraft flying and forecasting the cost of doing so. We believe there is real value for operators in having a reliable, cost-effective aircraft with the guarantee that the maintenance is all covered for one fixed price. On the back of strong demand for our existing Hawker, we have engaged the services of market leader Duncan Aviation to help us acquire aircraft to grow our fleet,” Rogers added.

“One of the things I enjoyed about working with JETS was the simplicity,” Barber says. “They reviewed the aircraft, made an offer, we negotiated a deal within a day or so, and then undertook the evaluation of the aircraft. A purchase agreement was in place over the weekend. On that occasion, I was retained by the seller. Moving forward, I am confident that JETS will be equally responsive with the aircraft we identify.”

Barber has recorded nine aircraft transactions in the last nine months, with a 10th likely to conclude within days. “My contact list casts a wide net,” Barber says, “so if we find an aircraft that JETS doesn’t choose to pursue, I am certain I will be able to locate another buyer.” JETS has recently been purchased by GulfJet Aviation and is seeking to aggressively grow its own fleet of aircraft. Having been in business for 18 years, the company is a fully Authorised Embraer Service Centre offering Base and Line maintenance of the Phenom family of aircraft as well as offering turn-key maintenance solutions to Challenger and Hawker aircraft. JETS is the only independent MRO in the UK with its own dedicated AOG aircraft to provide support to operators.

Founded in 1956 as a business aircraft sales organization, Duncan Aviation has been locating, buying and selling business aircraft for customers worldwide for more than 65 years. Operating in all kinds of market conditions, Duncan Aviation’s aircraft sales consultants and market analysts have the experience of more than 3,000 aircraft transactions to help them provide customers with the best acquisition and sales options to maximize their clients’ aircraft investments. They are backed by the technical knowledge and expertise of Duncan Aviation’s 2,500 team members, whose resources help the aircraft sales team make connections, value aircraft, determine future aircraft worth and truly understand the business aviation market.

BlueSky Business Aviation News | 3rd March 2022 | Issue #643