|Orlando, Fla. – October 20, 2014 – StandardAero continues to experience a steady demand for used aircraft Pre-Purchase Evaluations in the business aviation marketplace. The company has averaged more than 60 pre-purchase evaluations over the last two years.
“The pre-owned aircraft market has been very active this year and we continue to see an increase in requests for pre-buy inspections,” said Lane Clapsaddle, Broker/Dealer Sales Manager for StandardAero. “Along with pre-buys, there has been a significant demand for upgrades, such as interior refurbishment, paint and avionics in used aircraft transactions.”
StandardAero has experienced strong demand for pre-purchase evaluation for heavy aircraft including Falcon 2000, Falcon 900, Challengers and Globals. More recently, there is a mix of demand for newer aircraft (less than 10 years old) and older aircraft (20 plus years old), with the newer aircraft the most active segment. Additionally, the company is seeing an uptick in Hawker 800 activity as well as Lear 45 and Lear 60.
The trend to install upgrades at the time of the aircraft changing hands is also increasing – most specifically with cabin WI-FI installations, interior refurbishing, avionics and paint.
A typical pre-purchase inspection takes an average of 10 days and includes a thorough evaluation of the aircraft for general condition, fuel leaks, systems operational checks and a records review.
In addition to providing unbiased, objective, third party pre-purchase evaluation services, StandardAero provides nose-to-tail maintenance capabilities to both sellers and buyers of used aircraft.
Visit StandardAero at Booth 1999 at the Orange County Convention Center during the NBAA2014 – Business Aviation Convention & Exhibition on October 21-23 in Orlando, Florida. StandardAero is also a sponsor at the National Aircraft Resale Association (NARA) Static Display and Hospitality Tent during NBAA at the Orlando Executive Airport and a company representative will be available throughout the convention.
StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components, energy and VIP completions markets. A Dubai Aerospace Enterprise (DAE) company, StandardAero provides a global service network of 13 primary facilities in the U.S., Canada, Europe, Singapore and Australia, along with an additional 50 sales and field service locations. The company celebrated its 100th year of industry leadership in 2011. More information can be found on the company’s web site at www.standardaero.com
Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people. More information can be found on the company’s web site at www.dubaiaerospace.com.