ACQUISITIONS PROCESS
1.) Consultation
The Global Aviation Group team will meet with those decision makers who will be involved in your acquisition. We will discuss your current travel needs, anticipated changes in travel patterns, specific equipment and amenities you desire, along with any special needs that you may have. We’ll prepare projected operating budgets for your review. Finally, we’ll discuss the investment you are willing to make. Our team will then make experienced recommendations that will best suit your overall needs.
2.) Search
Global Aviation Group will conduct an “all out” search for the very best aircraft to meet your requirements. With the use of our computerized research techniques, we will search out aircraft presently on the market as well as those not known to be for sale.
3.) Market Report
Once the search is complete, Global Aviation Group will provide the client with a report listing all available aircraft meeting the clients needs, along with a comparative analysis of the aircraft. This report will also provide information regarding recent of transactions of similar aircraft to assist in determining pricing. From this report, the Global Aviation Group professionals, along with the client, will narrow the list of available aircraft to a “short list” for further scrutiny.
4.) Initial Inspection
Global Aviation Group will provide expert assistance in evaluating the aircraft under consideration. This will include a review of the aircraft’s technical records, a thorough walk around inspection, verification of introductory information provided by the seller, a determination of the ownership history and past use of the aircraft, and a review of upcoming maintenance items and projected costs. With this review complete, will make a recommendation to the client as to the most suitable aircraft for their purpose and suggest an offering price for the target aircraft.
5.) Negotiation
Global Aviation Group encourages active participation by our clients throughout the entire process. We will work hand in hand with your counsel in preparing offers, contracts, and any other documents that may be required. We work on your behalf to ensure that the most favorable terms and conditions are achieved.
6.) Technical Evaluation
Prior to finalizing the purchase, Global Aviation Group will arrange for and supervise a detailed structural and mechanical inspection of the aircraft. We will determine the facility most suitable to complete this extremely complex series of inspections. Once the inspections have been completed, we will evaluate the results and determine whether to complete the purchase.
7.) Closing
With the inspections completed and any necessary corrections made, the closing process begins. It is our goal to make the end of this process as convenient and effortless as possible for our clients, limiting any distraction or loss of time that could potentially occur. The Global Aviation Group professionals will draft all required documents, and will coordinate every detail with counsel, escrow company, financial institutions and the seller.
